Heatcare Oil and Gas Limited
Registered name: HEATCARE OIL AND GAS LIMITED
Part of Bp Inv6 Topco Limited groupHeatcare Oil and Gas Limited made £10.8m revenue and £2m profit in the year to 28 Feb 2026. read from filing text
Heatcare Oil and Gas Limited’s revenue grew 17% to £10.8m in the year to 28 Feb 2026, with £2m profit and 95 employees. The company is classified under “repair of other equipment” and is based in Keith; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Keith, Scotland
- Age
- 25 yrs · since 2000
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 28 Feb 2025 | 28 Feb 2026 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £9.2m | £10.8m |
| Cost of sales | — | — | £2.5m | £3m |
| Gross profit | — | — | £6.7m | £7.7m |
| Operating profit | — | — | £2.4m | £2m |
| Profit before tax | — | — | £2.4m | £2m |
| Profit after tax | — | — | £1.8m | £2m |
| Profit (best available) | — | — | £1.8m | £2m |
| Staff costs | — | — | £3.6m | £3.7m |
| Employees (average) | 75 | 83 | 85 | 95 |
| Ratios | ||||
| Profit margin | — | — | 19.7% | 18.8% |
| Gross margin | — | — | 73% | 71.7% |
| Revenue per employee | — | — | £108k | £113k |
| Profit per employee | — | — | £21.3k | £21.3k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲17.2% |
| Profit growth | — | — | — | ▲12.1% |
| Headcount growth | — | ▲10.7% | — | ▲11.8% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.6m | £2.3m | £704k | £745k |
| Net assets | £3.3m | £119k | £13.6m | £10.6m |
| Fixed assets | £540k | £680k | £607k | £516k |
| Current assets | £4.4m | £5.4m | £19.1m | £11.5m |
| Debtors | £2.2m | £2.9m | £920k | £677k |
| Deferred income | — | — | £547k | £285k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Sep 2026 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 18.8%
- Profit ÷ revenue.
- Gross margin
- 71.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £113k
- Revenue ÷ average employees.
- Profit per employee
- £21.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 4.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 6.3%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼22%
- Now £10.6m
- Cash at bank
- ▲6%
- Now £745k
- Headcount
- ▲12%
- Now 95
- Deferred income
- ▼48%
- Now £285k
- Fixed assets
- ▼15%
- Now £516k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Bp Inv6 Topco Limited (registered outside the UK register)ultimate parent75–100%
- BP INV6 Bidco Limited75–100%
- Cardo Group Limited75–100%
- Cardo (Scotland) Holdings Limited75–100%
- Cardo (Scotland) Limited75–100%
- Heatcare Oil and Gas Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 28 Feb 2026 (profit £2m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.