IDEAL BOILERS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-26 (in 11mo)
Last made up 2026-04-12
Watchouts
None on the register
Cash
£615K
Latest balance sheet
Net assets
£82M
Equity attributable
Employees
990
Average over period
Profit before tax
£73M
Period ending 2024-12-31
Name history
Renamed 4 times since incorporation
- IDEAL BOILERS LIMITED 2007-03-07 → present
- CARADON IDEAL LIMITED 1994-08-01 → 2007-03-07
- CARADON HEATING LIMITED 1991-01-01 → 1994-08-01
- STELRAD GROUP LIMITED 1977-12-31 → 1991-01-01
- STEEL RADIATORS LIMITED 1936-12-19 → 1977-12-31
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £374,946,000 | £360,647,000 | |
| Operating profit | £61,053,000 | £70,886,000 | |
| Profit before tax | £62,204,000 | £72,740,000 | |
| Net profit | £51,210,000 | £57,109,000 | |
| Cash | £2,022,000 | £615,000 | |
| Total assets less current liabilities | £152,653,000 | £162,576,000 | |
| Net assets | £64,805,000 | £81,914,000 | |
| Equity | £64,805,000 | £81,914,000 | |
| Average employees | 1,068 | 990 | |
| Wages | £41,418,000 | £41,514,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 16.3% | 19.7% | |
| Net margin | 13.7% | 15.8% | |
| Return on capital employed | 40.0% | 43.6% | |
| Gearing (liabilities / total assets) | 72.0% | 65.6% | |
| Current ratio | 2.30x | 2.37x |
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
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. Directors have received a letter of support from the ultimate parent company confirming continued financial support until 30 Sep 2026. After reviewing financial forecasts, Directors expect the company to remain profitable and generate sufficient cash flows to meet liabilities, confirming ability to continue as a going concern.”
Significant events
- “Ideal Boilers Limited hold a guarantee in favour of HMRC Banking Operations for £70k in relation to the Duty Deferment scheme, this guarantee has been in place since February 2014.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 46 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HAIRSINE, Steven | Secretary | 2015-01-06 | — | British |
| CAILLE, Emmanuel Philippe Antoine François | Director | 2024-06-28 | Jan 1970 | French |
| CARROZ, Damien Emile Jean | Director | 2024-06-28 | Oct 1972 | French |
| FOY, Adam John | Director | 2025-04-10 | Mar 1982 | Australian |
| HAIRSINE, Steven | Director | 2014-12-15 | Jul 1975 | British |
| SPEEDY, Jason Robert | Director | 2024-06-28 | May 1973 | British |
Show 46 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRIGGS, Andrew David | Secretary | 2007-05-01 | 2012-09-07 |
| CAMERON, Ewen | Secretary | — | 1993-12-06 |
| RICHARDSON, Karen | Secretary | 1994-02-22 | 2000-11-24 |
| WILCOX, Leigh Antony | Secretary | 2012-09-07 | 2015-01-08 |
| WILLS, Kevin Robert | Secretary | 2004-07-12 | 2007-05-01 |
| EVER 1058 LIMITED | Corporate Secretary | 2000-11-24 | 2004-07-12 |
| ACTON, William | Director | 1995-02-01 | 1998-12-31 |
| CARRIER, John | Director | 1998-04-27 | 1999-06-30 |
| COHEN, Daniel Charles | Director | 1994-01-06 | 1995-11-27 |
| CONNELL, Richard Andrew | Director | 2001-03-29 | 2013-09-25 |
| DENNIS, Philip Andrew | Director | 1994-08-01 | 1998-02-27 |
| DIXON, Stewart Walter | Director | 1994-08-01 | 2000-11-23 |
| EDWARDS, Shaun Barry | Director | 2014-12-15 | 2024-06-28 |
| FARLEY, David Allan | Director | 2002-04-29 | 2005-06-15 |
| FRANCOIS, Pierre-Louis Andre | Director | 2015-01-06 | 2024-06-28 |
| FREUND, Juergen | Director | 1992-07-30 | 1996-01-26 |
| HARVEY, Trevor Terence | Director | 2001-03-29 | 2015-01-06 |
| HASTINGS, Charles Richard | Director | 1997-05-01 | 2000-01-01 |
| HEATH, Philip Michael | Director | 1995-12-12 | 1998-08-27 |
| HOBBS, Jeremy David | Director | 2000-03-20 | 2000-11-23 |
| LEPELLETIER, Yves | Director | 2015-01-06 | 2024-06-28 |
| LETHAM, George John | Director | 2004-02-25 | 2015-01-06 |
| LIDDELL, Graham Trevor | Director | 2000-01-01 | 2002-10-31 |
| LLOYD, Douglas George | Director | 1995-12-12 | 2000-11-23 |
| MACPHERSON, Donald Neil | Director | 2000-01-01 | 2001-02-14 |
| MANN, Anthony Charles | Director | 1994-08-01 | 1995-05-30 |
| MILLS, Robert John Henry | Director | 1996-01-26 | 1998-04-17 |
| MONK, Richard William | Director | — | 1995-05-12 |
| MONKS, Terence John | Director | — | 1994-06-01 |
| MORAN, Mark | Director | 1995-09-25 | 1997-09-26 |
| MOSS, Andrew John | Director | 1997-10-01 | 1998-09-11 |
| PARKIN, Paul | Director | — | 1995-05-12 |
| PICKERING, Mark Ian | Director | 1998-04-27 | 2000-01-01 |
| ROLLAND, Stuart Stacy | Director | 1995-10-08 | 1999-06-30 |
| SEDDON, Andrew David | Director | 1998-08-03 | 1999-06-25 |
| SIFORD, Neil Edward | Director | 1999-06-25 | 2000-11-23 |
| SUTHERLAND, Stephen John | Director | — | 1995-05-12 |
| THORNEWELL, Robert Ian | Director | 1992-11-09 | 1995-05-12 |
| TILMAN, David Ward | Director | 1994-12-29 | 1995-12-22 |
| VINE CHATTERTON, Laurence | Director | 1995-05-15 | 1996-01-31 |
| WALKER, Timothy | Director | — | 1994-12-29 |
| WHEELER, Simon Crane | Director | 1997-10-01 | 1998-12-30 |
| WHEELER, Simon Crane | Director | — | 1995-05-12 |
| WHITELL, Christopher John | Director | 2001-03-29 | 2003-02-26 |
| WHITWELL, Nicholas Alan | Director | 1999-06-30 | 2000-05-12 |
| YOUNG, Charles Raymond | Director | — | 1995-09-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Isg Boiler Holdings Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 274 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-15 | AA | accounts | Accounts with accounts type full | |
| 2025-04-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-09 | AA | accounts | Accounts with accounts type full | |
| 2024-07-01 | CH01 | officers | Change person director company with change date | |
| 2024-07-01 | CH01 | officers | Change person director company with change date | |
| 2024-06-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-26 | AA | accounts | Accounts with accounts type full | |
| 2023-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-24 | AA | accounts | Accounts with accounts type full | |
| 2022-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-30 | AA | accounts | Accounts with accounts type full | |
| 2021-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31