Company Overview
Future Heating Ltd is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Monday 30 July 2001, so this is a well established company. Future Heating Ltd has been in business for 22 years and 9 months. The accounts status is full and the accounts are next due on Sunday 31 July 2016.
Registered Address

Hill House, 1 Little New Street, London, EC4A 3TR
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Companies House Data
Company NameFUTURE HEATING LTD
Company Number04261036
Registered Office AddressHill House
 1 Little New Street
 EC4A 3TR
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date30/07/2001
Accounting Reference Date Day31
Accounting Reference Date Month10
Accounts Next Due Date31/07/2016
Accounts Last Made Up Date31/10/2014
Accounts Account CategoryFULL
Returns Next Due Date27/08/2016
Returns Last Made Up Date30/07/2015
Directors & Members
Show Resigned
Donald Joyce - Director
(British, 51 years old, born November 1973)
Chief Financial Officer - Appointed 10 June 2016
Active
Richard Russell - Director
(British, 43 years old, born February 1981)
Finance Director - Appointed 10 June 2016
Active
Secretaries
Show Resigned
Dominic Hearth - Secretary
(British)
Appointed 22 November 2010
Active
Other Company Directorships
Donald Joyce
FIRST FLIGHT WIND LIMITED
KEADBY LIMITED
LENDRUM'S BRIDGE WIND FARM NO.2 LIMITED
NEWARTHILL LIMITED
PASSIVHAUS (UK) LIMITED
PV SYSTEMS LIMITED
RENEWABLE ENERGY CENTRE LIMITED
RENEWABLE ENERGY GROUP LIMITED
RENEWABLE ENERGY SYSTEMS ASIA PACIFIC LIMITED
RENEWABLE ENERGY SYSTEMS CONSTRUCTION LIMITED
RENEWABLE ENERGY SYSTEMS HOLDINGS LIMITED
RENEWABLE ENERGY SYSTEMS LIMITED
RES ADVISORY LIMITED
RES ENTERPRISES LIMITED
RES ESCO LIMITED
RES FUELS LIMITED
RES HEAT AND POWER LIMITED
RES NORTHERN EUROPE LIMITED
RES ON-SITE LIMITED
RES SOLAR LIMITED
RES-B9 (NI OFFSHORE WIND) LIMITED
RES-GEN LIMITED
SOLAR SLATE LIMITED
THE RENEWABLES INFRASTRUCTURE GROUP (UK) LIMITED
WIND ENERGY SYSTEMS LIMITED
WIND FARM DEVELOPMENTS LIMITED
Richard Russell
BATTERY ENERGY STORAGE SERVICES LIMITED
CARBON FREE LTD
CARBON FREE NEILSTON LTD
CRAIGGORE ENERGY LIMITED
DYFFRYN BRODYN LIMITED
EASTERN WIND FARMS LIMITED
EUROPEAN INVESTMENTS (CORNWALL) HOLDINGS LIMITED
FIRST FLIGHT WIND LIMITED
FOUR BURROWS LIMITED
GARREG LWYD ENERGY LIMITED
KEADBY LIMITED
LENDRUM'S BRIDGE WIND FARM NO.2 LIMITED
NDT TRADING LIMITED
PASSIVHAUS (UK) LIMITED
PETRE STREET STORAGE LTD
PV SYSTEMS LIMITED
RENEWABLE ENERGY CENTRE LIMITED
RENEWABLE ENERGY GROUP LIMITED
RENEWABLE ENERGY SYSTEMS (NORTHERN IRELAND) LIMITED
RENEWABLE ENERGY SYSTEMS CONSTRUCTION LIMITED
RENEWABLE ENERGY SYSTEMS LIMITED
RES ENTERPRISES LIMITED
RES ESCO LIMITED
RES FUELS LIMITED
RES HEAT AND POWER LIMITED
RES ON-SITE LIMITED
RES SOLAR LIMITED
RES UK & IRELAND LIMITED
RES-B9 (NI OFFSHORE WIND) LIMITED
ROARING HILL ENERGY STORAGE LTD
SOLAR SLATE LIMITED
STONY ENERGY STORAGE LTD
WIND ENERGY SYSTEMS LIMITED
WIND FARM DEVELOPMENTS LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Oct-2014 31-Jul-2011 31-Jul-2010
Balance Sheet
Fixed Assets 3,000 3,000 0
Current Assets 392,000 392,000 203,801
Creditors Due Within One Year 934,000 934,000 475,839
Working Cap -542,000 -542,000 -272,038
Total Assets Less Current Liabilities -539,000 -539,000 -272,038
Long-term Liabilities 12,000 12,000 0
Net Assets -551,000 -551,000 -272,038
Share Capital & Reserves
Share Cap 200,000 200,000 3
Profit & Loss Reserves -751,000 -751,000 -472,040
Other Reserves 0 0 199,999
Shareholders Funds -551,000 -551,000 -272,038
Common Size Financial Analysis Unlock full report
Accounts Date 31-Oct-2014 31-Jul-2011 31-Jul-2010
Tangible Fixed Assets - - -
Fixed Assets 0.8% 0.8% 0.0%
Stocks Inventory 0.0% 0.0% 0.0%
Debtors 81.3% 81.3% 61.5%
Cash Bank In Hand 18.0% 18.0% 38.5%
Current Assets 99.2% 99.2% 100.0%
Creditors Due Within One Year 236.5% 236.5% 233.5%
Net Current Assets Liabilities -137.2% -137.2% -133.5%
Creditors Due After One Year 0.0% 0.0% 0.0%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability -139.5% -139.5% -133.5%
Called Up Share Capital 50.6% 50.6% 0.0%
Share Capital Allotted Called Up Paid 50.6% 50.6% 0.0%
Profit Loss Account Reserve -190.1% -190.1% -231.6%
Shareholder Funds -139.5% -139.5% -133.5%
Capital Employed - - -
Total Assets Less Current Liabilities -136.5% -136.5% -133.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Oct-2014 31-Jul-2011 31-Jul-2010
Liquidity Ratio 0.4 0.4 0.4
Solvency Ratio 0.4 0.4 0.4
Reserves to Assets -1.9 -1.9 -2.3
Secured Creditors Unlock full report
Mortgages Charges 1
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 31-Oct-2014 31-Jul-2011 31-Jul-2010
Assets 395,000 395,000 203,801
Debt 946,000 946,000 475,839
Net Assets/Debt -551,000 -551,000 -272,038

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due
Paid After
30 days due
Owing Before
30 days due
Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Final Gazette dissolved following liquidation
Return of final meeting in a Members' voluntary winding up
Liquidators' statement of receipts and payments to 27 July 2017
Appointment of a voluntary liquidator
Removal of liquidator by court order
Registered office address changed from Beaufort Court Egg Farm Lane Kings Langley Hertfordshire WD4 8LR to Hill House 1 Little New Street London EC4A 3TR on 17 August 2016
Appointment of a voluntary liquidator
Resolutions
Declaration of solvency
Satisfaction of charge 1 in full
Termination of appointment of Jaz Bains as a director on 10 June 2016
Appointment of Richard Paul Russell as a director on 10 June 2016
Appointment of Mr Donald Crawford Joyce as a director on 10 June 2016
Termination of appointment of Paul Gregory Tyler Neilson as a director on 29 January 2016
Annual return made up to 30 July 2015 with full list of shareholders
Appointment of Mr Jaz Bains as a director on 31 October 2014
Termination of appointment of Michael James Atkinson as a director on 31 October 2014
Annual return made up to 30 July 2014 with full list of shareholders
Annual return made up to 30 July 2013 with full list of shareholders
Registered office address changed from Beaufort Court Egg Farm Lane Kings Langley Herts WD4 8LR on 18 July 2013
Termination of appointment of David Edward Povall as a director on 12 June 2013
Secretary's details changed for Dominic James Hearth on 17 December 2012

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