The Good Heating Co

Where we are, three months in

Total turnover

Gross profit to date

Gross profit target

Operating profit to date

The verdict

The year has opened quietly. April and May are never the months that carry us, and this spring was light on the installations that lift them, so turnover is running at £13,526 a month against a target of £17,000 to £20,750. That gap is the year in a nutshell.

The encouragement sits underneath the headline. Margins are strong at around 32%, the cost base is in good order, and we are busier than a year ago rather than quieter, with 180 jobs completed across April and May against 158 last year, just on smaller work while the installs are quiet. The task for the year is simple to describe even if it takes some doing. Push volume through the autumn and winter when the heavier work lands, and protect the margin while chasing it, because giving margin away to win work simply raises the bar again.

Monthly gross profit against target View reports →

Gross profit this year £4,820 target £4,500 break-even

Monthly turnover · context

Last year This year

This year so far

The bar for the year

If gross margin holds at 32%

the current run rate, strong but unlikely to last

If gross margin slips to 26.25%

last year’s level, the prudent assumption

Both sit well above the £13,526 a month we are running now, and that is why volume and margin have to move together. Win the extra work by discounting and we simply shift from the lower target to the higher one. We need more work, at the margin we already make.

Financial reporting · Management performance

Performance reports

Monthly management performance reports for The Good Heating Co, each a frozen record of the month it was prepared, on the April to March financial year. All figures exclude VAT.

Monthly reports Newest first

FY2026/27

July 2026 Latest

The best month of the year · Operating profit of £1,182, and contribution of £7,765 cleared the £6,037 bar by £1,727 · Revised onto a job costed basis, with repairs split by who delivered them: Frank’s four books returned £13,498 of the £21,773 earned, while the eleven repairs a subcontractor delivered returned £592 on £4,807 of sales and four of them lost money · The year to date is a loss of £1,240, £2,520 behind target. Open report →

June 2026

The busiest month, and the worst · Turnover of £17,812 was up 115% on last June and contribution of £3,341 was the lowest of the year, £2,696 short of the bar · Four installs returned only 13.4% because Emma Smetham lost £554, five subcontracted repairs netted £1.37, and Frank had seven days off · An operating loss of £1,655, leaving the year £3,382 behind target. Open report →

May 2026

The weakest trading month of the year · No installs at all, against £2,005 in April, and the highest overheads of the year at £5,894 · Frank had his best month until July at £3,823 and produced 91% of everything the company earned · An operating loss of £1,695, leaving the year £1,407 behind target. Open report →

April 2026

The year opens in profit · An operating profit of £928, with contribution of £6,469 clearing the £6,037 bar by £432 · Two installs at 33.9% between them and a clean month on the estate agent book carried it · Turnover of £16,955 is 25.7% below last April, so the result comes from the cost base rather than the top line. Open report →

Financial forecasting

Forecasts

Forward looking cash flow and profit and loss forecasts for The Good Heating Co, on the April to March financial year.

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Forecasts in preparation

A full year forecast for The Good Heating Co is being built on the April to March financial year, carrying the two months of actuals through the heating season against the £17,000 to £20,750 monthly target. It will appear here once the workbook is ready.

Coming soon