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Heat Exchange Group Services Limited

11454694

in administration
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

C/O RSM UK RESTRUCTURING ADVISORY LLP RIVERMEAD HOUSE, 7 LEWIS COURT, LEICESTER, LE19 1SD
Incorporated 09/07/2018

Compliance

Last accounts

30/06/2023

full

Next accounts due

31/03/2025

Overdue

Confirmation statement

Last: 08/07/2023

Due 22/07/2024

Overdue

Industry

71129
Other engineering activities

Officers

W2s Directors Limited

director · Since 28/10/2022

Also on 2 other boards

Cossey Cosec Services Limited

secretary · Since 25/01/2023

Also on 236 other boards

Mr Philip Raymond Emmerson

director · Since 29/05/2024

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 54

Also on 142 other boards

Persons with Significant Control

Heat Exchange Group Limited

75–100% shares
75–100% votes
Appoint directors

4th Floor, 24 Old Bond Street, London, W1S 4AW

Reg: 06428860 · Companies House · Limited By Shares

Notified 14/07/2020

W2s Directors Limited

Significant control

4th Floor, 24 Old Bond Street, London, W1S 4AW

Reg: 14418345 · Companies House · Limited By Shares

Notified 28/10/2022

Former PSCs

Mr Jamie Christopher Constable

Ceased 21/05/2020

Gold Round Limited

Ceased 13/10/2022

Thornhill Engineering Services Limited

Ceased 14/07/2020

Charges2 outstanding

Charge
outstanding

FCAP ONE LIMITED

Created 08/06/2020Registered 11/06/2020
Charge
outstanding

BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)

Created 08/06/2020Registered 08/06/2020

Insolvency History1 case

in administration

Tyrone Courtman (practitioner) · Deviesh R Raikundalia (practitioner) · James Woodhead (practitioner)

CompanyRankvs 15+ SIC 71129 peers
5

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 1.15× · 12/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10Insolvency history -10
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How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees0/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity8/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Insolvency history: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d

Key FinancialsYear ending 30/06/2023

Turnover

£5.1M

Annual revenue

Net Worth

£509k

Balance sheet strength

Cash

£90k

Cash in the bank

Profit Before Tax

£41k

Bottom line earnings

Net Current Assets

£279k

Working capital

Current Assets

£2.2M

Current Liabilities

£1.9M

Fixed Assets

£231k

Debtors

£1.9M

Cost of Sales

£3.6M

Gross Profit

£1.5M

Admin Expenses

£1.5M

Operating Profit

£41k

Profit After Tax

£41k

37avg. employees

Balance Sheet

Assets less current liabilities£509k
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent RatioImplied Profit
20231.15+£41k
20221.18-£111k
20201.44

Derived from filed accounts. Not audited figures.