JOULE HOT WATER SYSTEMS UK LTD
Get an alert when JOULE HOT WATER SYSTEMS UK LTD files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-14 (in 11mo)
Last made up 2026-03-31
Watchouts
None on the register
Cash
£298K
+53.5% vs 2023
Net assets
£13M
+4.3% vs 2023
Employees
227
0% vs 2023
Profit before tax
£1M
-29.3% vs 2023
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 | £61,750,066 | £58,306,357 | |
| Operating profit | £2,168,020 | £1,462,058 | |
| Profit before tax | £1,502,241 | £1,062,343 | |
| Net profit | £1,075,644 | £533,405 | |
| Cash | £194,105 | £297,982 | |
| Total assets less current liabilities | £20,008,344 | £20,012,580 | |
| Net assets | £12,283,021 | £12,816,426 | |
| Equity | £12,283,021 | £12,816,426 | |
| Average employees | 227 | 227 | |
| Wages | £7,271,041 | £7,561,767 |
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 | 3.5% | 2.5% | |
| Net margin | 1.7% | 0.9% | |
| Return on capital employed | 10.8% | 7.3% | |
| Current ratio | 1.23x | 1.39x | |
| Interest cover | 3.26x | 3.38x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- JOULE HOT WATER SYSTEMS UK LTD · parent
- R M Solar Limited
Significant events
- “During the financial year under review, the Company experienced a challenging macroeconomic environment marked by significant market contraction and reduced consumer demand across the sector.”
- “The Company has continued to improve and upgrade its manufacturing facilities and is expected to continue to benefit from increased volume, quality and efficiency in the coming years.”
- “The directors believe the Company is well positioned to take advantage of the green revolution planned by the government in order achieve carbon neutrality.”
- “Joule Hot Water Systems UK Ltd's carbon emissions, using a location-based approach to calculating emissions, were 649.7 tonnes CO2e for 2024, this is 0.46% lower than in 2023.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLIFT, Jade Rebecca | Director | 2024-03-28 | Jun 1991 | English |
| JOHNSON, Mark Christopher | Director | 2026-04-13 | Apr 1974 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARRETT, Francis | Director | 2011-03-31 | 2016-09-17 |
| BARRETT, Ian | Director | 2011-03-31 | 2024-03-28 |
| GINNELL, Ronan Philip | Director | 2011-03-31 | 2024-03-28 |
| KWIK, Caroline Floor | Director | 2023-02-02 | 2024-03-28 |
| MADIGAN, Terence | Director | 2011-03-31 | 2016-09-17 |
| MADIGAN, Terry | Director | 2011-03-31 | 2016-09-17 |
| PICKARD, Matthew Thomas | Director | 2024-03-28 | 2025-10-31 |
| TILLEY, Mark | Director | 2024-04-09 | 2025-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Robert Kwik | Individual | Shares 50–75% | 2016-09-17 | Ceased 2016-09-17 |
| Joule Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 71 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-03 | AA | accounts | Accounts with accounts type full | |
| 2024-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-09 | AA | accounts | Accounts with accounts type full | |
| 2023-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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
-
Turnover
-5.6%
£61,750,066 £58,306,357
-
Cash
+53.5%
£194,105 £297,982
-
Net assets
+4.3%
£12,283,021 £12,816,426
-
Employees
0%
227 227
-
Operating profit
-32.6%
£2,168,020 £1,462,058
-
Profit before tax
-29.3%
£1,502,241 £1,062,343
-
Wages
+4%
£7,271,041 £7,561,767
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