HEATFORCE (WALES) LIMITED
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Next accounts due
2026-10-31 (in 5mo)
Last filed for 2025-01-31
Confirmation statement due
2026-05-18
Overdue
Watchouts
Cash
£128K
lowest in 6 filed years
Net assets
-£193K
lowest in 6 filed years
Employees
134
highest in 6 filed years
Profit before tax
-£2M
Period ending 2025-01-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-05-18.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2025-01-31
| Metric | Trend | 2019-09-30 | 2020-09-30 | 2022-03-31 | 2023-03-31 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £12,732,532 | £13,821,912 | |
| Operating profit | — | — | — | — | £703,795 | -£1,540,982 | |
| Profit before tax | — | — | — | — | £691,849 | -£1,547,305 | |
| Net profit | — | — | — | — | £649,376 | -£1,468,297 | |
| Cash | £703,600 | £1,270,147 | £547,731 | £174,572 | £596,173 | £127,915 | |
| Total assets less current liabilities | £1,703,391 | £1,937,178 | £1,587,059 | £932,817 | £1,481,424 | -£105,545 | |
| Net assets | £1,530,068 | £1,544,600 | £1,174,429 | £632,397 | £1,275,173 | -£193,124 | |
| Equity | £1,530,068 | £1,544,600 | £1,174,429 | £632,397 | £1,275,173 | -£193,124 | |
| Average employees | 88 | 80 | 86 | 92 | 99 | 134 | |
| Wages | — | — | — | — | £3,224,990 | £4,761,010 | |
| Directors' remuneration | — | — | — | — | £154,583 | £227,181 |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-01-31 vs 2024-01-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-09-30 | 2020-09-30 | 2022-03-31 | 2023-03-31 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 5.5% | -11.1% | |
| Net margin | — | — | — | — | 5.1% | -10.6% | |
| Return on capital employed | — | — | — | — | 47.5% | 1460.0% | |
| Current ratio | — | — | — | — | 1.38x | 0.83x | |
| Interest cover | — | — | — | — | 55.69x | -156.05x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. For these reasons, the directors consider it appropriate to prepare the financial statements on a going concern basis.”
Significant events
- “On 8 March 2024, the company's ultimate parent, Diversity Network Holdings Limited, was acquired as part of a private equity investment and now forms part of a newly established group headed by Dragon 2023 Topco Limited ('Dragon Group').”
- “Subsequent to the year end, on 26 November 2025, the UK Government announced that the current phase of the Energy Company Obligation scheme (ECO4) would conclude on 31 March 2026, with no clarity on continuity or a successor scheme.”
- “Following constructive engagement with the Dragon Group's principal lender, Oaktree Capital Management, agreement was reached after the period end to implement a restructuring of the group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRODIE, Robert Benjamin Nathaniel | Director | 2024-07-01 | Nov 1974 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAVID, Keith Samuel | Secretary | 2015-11-26 | 2020-05-11 |
| HARRISON, Irene Lesley | Nominee Secretary | 2001-07-30 | 2001-07-30 |
| MADDOCKS, Jake Royle | Secretary | 2020-05-11 | 2023-04-21 |
| MADDOCKS, Randall Edward | Secretary | 2001-07-30 | 2007-03-01 |
| WILLIAMS, Nigel Dane | Secretary | 2007-03-01 | 2015-11-26 |
| DAVID, Keith Samuel | Director | 2015-11-26 | 2020-05-11 |
| HOBBS, Daniel James | Director | 2015-11-26 | 2018-05-24 |
| HOWARD, Ryan | Director | 2023-01-27 | 2025-03-12 |
| JOHN, Lewis Edward | Director | 2024-03-08 | 2025-06-27 |
| MADDOCKS, Jake Royle | Director | 2020-05-11 | 2023-04-21 |
| MADDOCKS, Paul Royle | Director | 2001-07-30 | 2024-03-08 |
| POTTER, Jason Kevin | Director | 2023-04-01 | 2024-11-26 |
| PRING, Steven John | Director | 2016-05-17 | 2017-08-11 |
| PRITCHARD, Nicholas Simon | Director | 2023-01-27 | 2024-03-08 |
| STONELAKE, Neil | Director | 2021-04-12 | 2024-03-08 |
| WILLIAMS, Nigel Dane | Director | 2007-03-01 | 2015-11-26 |
| BUSINESS INFORMATION RESEARCH & REPORTING LIMITED | Corporate Nominee Director | 2001-07-30 | 2001-07-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| New Dragon Midco Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-01-30 | Active |
| Diversity Network Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-02-24 | Ceased 2026-01-30 |
| Wryl Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-02-22 | Ceased 2024-02-24 |
| Diversity Network Holdings Limited | Corporate entity | Shares 75–100% | 2023-02-06 | Ceased 2024-02-22 |
| Mr Paul Royle Maddocks | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2023-02-06 |
Filing timeline
Last 20 of 126 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-02-12 RESOLUTIONS Resolution
- 2024-03-21 MA Memorandum articles
- 2024-03-21 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-25 | AA | accounts | Accounts with accounts type full | |
| 2026-02-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-02-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-02-12 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-02-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-03 | SH01 | capital | Capital allotment shares | |
| 2025-07-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-12 | CH01 | officers | Change person director company with change date | |
| 2025-03-12 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-03-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-30 | AA | accounts | Accounts with accounts type full | |
| 2024-07-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-21 | MA | incorporation | Memorandum articles | |
| 2024-03-21 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.