MIDTHERM FLUE SYSTEMS LTD

• ◆

  7 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -21.7%

  £10,346,105 → £8,097,723

• Cash

  -15.7%

  £127,525 → £107,525

• Net assets

  -26.9%

  £4,619,173 → £3,375,674

• Employees

  -11.6%

  147 → 130

• Operating profit

  -13.4%

  -£1,209,081 → -£1,371,563

• Profit before tax

  -14.4%

  -£1,244,483 → -£1,424,014

• Wages

  -9.3%

  £3,944,152 → £3,578,675

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. MIDTHERM FLUE SYSTEMS LTD 1991-07-04 → present
2. MIDLAND THERMAL EQUIPMENT LIMITED 1968-08-08 → 1991-07-04

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

French Ludlam & Co Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent 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.”

Group structure

1. MIDTHERM FLUE SYSTEMS LTD · parent
   1. Midtherm Heating Limited 100% · England and Wales · Dormant
   2. Flues & Flashings Limited 100% · England and Wales · Dormant
   3. Midtherm Stainless Limited 100% · England and Wales · Manufacture of catering equipment
   4. Canberra Wells Limited 100% · England and Wales · Wholesale of stainless steel chimneys and flues
   5. Flue Stox (North West) Limited 100% · England and Wales · Dormant

Significant events

• “On 18th July 2025, 70% of Midtherm Flue Systems Limited's share capital was sold to Expo Inox SPA and the Midtherm group became part of this Italian group. As a result of this transaction, the directors are anticipating the benefits of group support, cashflow support and economies of scale.”
• “Midtherm Heating Limited...This company was dissolved on 22nd July 2025.”
• “Flues & Flashings Limited...This company was dissolved on 22nd July 2025.”
• “Midtherm Stainless Limited...This company was dissolved on 22nd July 2025.”
• “Flue Stox (North West) Limited...This company was dissolved on 30th September 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

18

last 12 months

Capital events

2

last 24 months

Officers appointed

2

last 12 months

Officers resigned

7

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.