Company Overview
Alternative Heat Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 08 March 2005, so this is a well established company. Alternative Heat Limited has been in business for 21 years and 1 month. The accounts status is full and the accounts are next due on Wednesday 31 December 2025.
Registered Address

Unit 18 - 19 Scarva Road Industrial Estate, Scarva Road, Banbridge, Co Down, BT32 3QD
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Companies House Data
Company NameALTERNATIVE HEAT LIMITED
Company NumberNI054205
Registered Office AddressUnit 18 - 19 Scarva Road Industrial Estate
 Scarva Road
 BT32 3QD
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date08/03/2005
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2026
Accounts Last Made Up Date31/03/2025
Accounts Account CategoryFULL
Returns Next Due Date05/04/2017
Returns Last Made Up Date08/03/2016
Directors & Members
Show Resigned
Connel McMullan - Director
(Irish, 45 years old, born October 1981)
Appointed 01 August 2006
 Active
Cathal McMullan - Director
(Irish, 49 years old, born December 1977)
Appointed 01 August 2006
 Active
Martin McMullan - Director
(Irish, 51 years old, born April 1975)
Appointed 01 April 2012
 Active
Donal McMullan - Director
(Irish, 42 years old, born June 1984)
Appointed 01 April 2012
 Active
Secretaries
Show Resigned
Donal McMullan - Secretary
Appointed 11 December 2017
 Active
Other Company Directorships
Connel McMullan
No companies found
Cathal McMullan
No companies found
Martin McMullan
BANN COMMERCIAL NI LIMITED
BANN PROPERTIES LIMITED
CASTLE CAPITAL LIMITED
MCMU HOLDINGS LIMITED
NATURAL ECO ENERGY LIMITED
SEMPLE & MCKILLOP LIMITED
Donal McMullan
BANN COMMERCIAL NI LIMITED
BANN PROPERTIES LIMITED
CASTLE CAPITAL LIMITED
MCMU HOLDINGS LIMITED
NATURAL ECO ENERGY LIMITED
SEMPLE & MCKILLOP LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Mar-2025 31-Mar-2023 31-Mar-2022
Balance Sheet
Fixed Assets 2,509,926 2,509,926 1,374,891
Current Assets 12,949,036 12,949,036 16,693,568
Creditors Due Within One Year 3,266,245 3,266,245 5,021,750
Working Cap 9,682,791 9,682,791 11,671,818
Total Assets Less Current Liabilities 12,192,717 12,192,717 13,046,709
Long-term Liabilities 1,993,507 1,993,507 3,188,503
Net Assets 10,199,210 10,199,210 9,858,206
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 10,199,210 10,199,210 9,858,206
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2025 31-Mar-2023 31-Mar-2022
Tangible Fixed Assets - - -
Fixed Assets 16.2% 16.2% 7.6%
Stocks Inventory - - -
Debtors 64.4% 64.4% 31.0%
Cash Bank In Hand 5.8% 5.8% 48.6%
Current Assets 83.8% 83.8% 92.4%
Creditors Due Within One Year 21.1% 21.1% 27.8%
Net Current Assets Liabilities 62.6% 62.6% 64.6%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 66.0% 66.0% 54.6%
Capital Employed - - -
Total Assets Less Current Liabilities 78.9% 78.9% 72.2%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2025 31-Mar-2023 31-Mar-2022
Liquidity Ratio 4.0 4.0 3.3
Solvency Ratio 2.9 2.9 2.2
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 3
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2025 31-Mar-2023 31-Mar-2022
Assets 15,458,962 15,458,962 18,068,459
Debt 5,259,752 5,259,752 8,210,253
Net Assets/Debt 10,199,210 10,199,210 9,858,206

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.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

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.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   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.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

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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Scarva Road Industrial Estate, Banbridge, Co Down, BT32 3QD
DDM DEVELOPMENTS LIMITED
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ODEL (IRL) LIMITED
UNIT 1 BANBRIDGE DISTRICT ENTERPRISES, SCARVA ROAD INDUSTRIAL ESTATE, BANBRIDGE, COUNTY DOWN, BT32 3QD
TREVOR BAIRD LTD
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RICH GAMING LTD
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EMPLOYERS FORUM ON DISABILITY (N.I.)
Banbridge District Enterprises, Scarva Road Industrial Estate, Banbridge, Co Down, BT32 3QD
D. SHANNON STEWART LIMITED
74 SCARVA ROAD, BANBRIDGE, CO DOWN, BT32 3QD
AUTONOMYFP LIMITED
41 BANBRIDGE ENTERPRISE CENTRE, SCARVA ROAD, BANBRIDGE, COUNTY DOWN, BT32 3QD
E.N.E. LIMITED
UNIT 24, SCARVA INDUSTRIAL ESTATE, BANBRIDGE, BT32 3QD
TARESH LIMITED
OFFICE 43, BANBRIDGE ENTERPRISE CENTRE, SCARVA ROAD INDUSTRIAL ESTATE, BANBRIDGE, BT32 3QD
Document Filings
Notification of Bann Commercial Ni Limited as a person with significant control on 31 March 2026
Cessation of Mcmu Holdings Limited as a person with significant control on 31 March 2026
Confirmation statement made on 28 February 2025 with no updates
Confirmation statement made on 29 February 2024 with no updates
Confirmation statement made on 28 February 2023 with updates
Satisfaction of charge NI0542050002 in full
Satisfaction of charge NI0542050003 in full
Change of details for Mcmu Holdings Limited as a person with significant control on 2 September 2022
Cessation of Martin Mcmullan as a person with significant control on 2 September 2022
Notification of Mcmu Holdings Limited as a person with significant control on 2 September 2022
Cessation of Donal Edward Mcmullan as a person with significant control on 2 September 2022
Cessation of Cathal James Mcmullan as a person with significant control on 2 September 2022
Cessation of Connell Robert Mcmullan as a person with significant control on 2 September 2022
Confirmation statement made on 28 February 2022 with no updates
Registration of charge NI0542050003, created on 2 July 2021
Confirmation statement made on 28 February 2021 with no updates
Confirmation statement made on 29 February 2020 with no updates
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