ALTERNATIVE HEAT LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-03-14
Overdue
Watchouts
Cash
£571K
-89.9% vs 2024
Net assets
£10M
-3.8% vs 2024
Employees
278
+35% vs 2024
Profit before tax
£562K
-53% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-03-14.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2025-03-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £46,896,425 | £46,260,984 | |
| Operating profit | — | — | — | — | — | £1,167,147 | £547,531 | |
| Profit before tax | — | — | — | — | — | £1,193,914 | £561,584 | |
| Net profit | — | — | — | — | — | £1,527,037 | £595,688 | |
| Cash | — | — | — | — | — | £5,673,867 | £570,581 | |
| Total assets less current liabilities | — | — | — | — | — | £13,174,180 | £11,878,347 | |
| Net assets | — | — | — | — | — | £10,588,203 | £10,182,391 | |
| Equity | £5,822,770 | £6,468,491 | £6,990,595 | £9,858,206 | £10,199,210 | £10,588,203 | £10,182,391 | |
| Average employees | — | — | — | — | — | 206 | 278 | |
| Wages | — | — | — | — | — | £8,268,267 | £12,248,291 | |
| Directors' remuneration | — | — | — | — | — | £25,140 | £3,772 |
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 2025-03-31 vs 2024-03-31
-
Turnover
-1.4%
£46,896,425 £46,260,984
-
Cash
-89.9%
£5,673,867 £570,581
-
Net assets
-3.8%
£10,588,203 £10,182,391
-
Employees
+35%
206 278
-
Operating profit
-53.1%
£1,167,147 £547,531
-
Profit before tax
-53%
£1,193,914 £561,584
-
Wages
+48.1%
£8,268,267 £12,248,291
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 2.5% | 1.2% | |
| Net margin | — | — | — | — | — | 3.3% | 1.3% | |
| Return on capital employed | — | — | — | — | — | 8.9% | 4.6% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 51.5% | 58.7% | |
| Current ratio | — | — | — | — | — | 2.22x | 1.69x |
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
- Moore (N.I.) LLP
- 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 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.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCMULLAN, Donal | Secretary | 2017-12-11 | — | — |
| MCMULLAN, Cathal James | Director | 2006-08-01 | Dec 1977 | Irish |
| MCMULLAN, Connel Robert | Director | 2006-08-01 | Oct 1981 | Irish |
| MCMULLAN, Donal Edward | Director | 2012-04-01 | Jun 1984 | Irish |
| MCMULLAN, Martin | Director | 2012-04-01 | Apr 1975 | Irish |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KANE, Dorothy May | Secretary | 2005-03-08 | 2005-03-08 |
| MCMULLAN, Cathal | Secretary | 2007-07-03 | 2017-12-11 |
| TRAINOR, Shane | Secretary | 2005-03-08 | 2007-07-03 |
| BYRNE, Peter | Director | 2005-03-08 | 2006-08-01 |
| OWENS, Darren | Director | 2005-03-08 | 2006-08-01 |
| SMYTH, Mark | Director | 2005-01-25 | 2006-04-11 |
| TRAINOR, Shane Patrick | Director | 2005-03-08 | 2007-07-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bann Commercial Ni Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-03-31 | Active |
| Mcmu Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-09-02 | Ceased 2026-03-31 |
| Mr Cathal James Mcmullan | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Ceased 2022-09-02 |
| Mr Martin Mcmullan | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Ceased 2022-09-02 |
| Mr Connell Robert Mcmullan | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Ceased 2022-09-02 |
| Mr Donal Edward Mcmullan | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Ceased 2022-09-02 |
Filing timeline
Last 20 of 85 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-27 MA Memorandum articles
- 2026-04-27 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-12 | CH01 | officers | Change person director company with change date | |
| 2026-04-27 | MA | incorporation | Memorandum articles | |
| 2026-04-27 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-01 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-23 | AA | accounts | Accounts with accounts type full | |
| 2025-02-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-23 | AA | accounts | Accounts with accounts type full | |
| 2024-03-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-17 | AA | accounts | Accounts with accounts type full | |
| 2023-03-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-31 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-11-02 | AA | accounts | Accounts with accounts type full | |
| 2022-09-14 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-09-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-09-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-09-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-09-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-09-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.