DUFTON PLUMBING & HEATING SUPPLIES LIMITED

• ◆

  1 PSC 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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Buckle Barton 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 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.”

Significant events

• “The company maintained market share in what was a very difficult trading environment and, although we show a marginal in turnover of around 2%, this is due, in the main, to newly opened depots.”
• “profit margin reduced during the year as competition was fierce and expenses, such as lease renewals, sharply increased.”
• “Our continued membership of the Plumbing and Heating Buying Group has contributed to our ongoing success.”
• “2024 was a particularly expensive year in this respect as we opened 2 new depots, both of which cost much more than anticipated, as well as launching our Renewables brand.”
• “We also continue to invest in our back-office operations to help support our depots which increases ongoing costs, including moving to a new and more appropriate ERP system in 2025 which will help support and future proof our business operations.”
• “The company will continue to look for opportunities to expand our branch network. This will, however, be done in a strategic manner dependent on the availability of high quality branch managers, which is a key factor in making any new venture a success, however, we expect 2025 to be a year of consolidation as the market continues to be extremely challenging.”

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

Filings

4

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +2%

  £33,001,773 → £33,666,917

  highest in 3 filed years

• Cash

  -40.1%

  £2,961,238 → £1,772,802

  lowest in 3 filed years

• Net assets

  +6%

  £11,322,778 → £11,998,352

  highest in 3 filed years

• Employees

  +8.3%

  84 → 91

  highest in 3 filed years

• Operating profit

  -58.7%

  £2,301,960 → £950,696

• Profit before tax

  -58.2%

  £2,317,562 → £967,936

• Wages

  +20.7%

  £2,929,447 → £3,536,702

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers