Management performance report · April 2026
April 2026 performance
Month one of FY2026/27, and a profitable one. Prepared 26 August 2026 on the job costed basis: every repair, install and estate agent job carries the materials and subcontract labour it consumed. All figures exclude VAT.
April returned an operating profit of £927.92 and cleared the monthly bar by £431.54. Two installs and a strong month from Frank carried it.
The month is flattered in one respect and understated in another. £666.08 of van stock was bought in April, far more than any month since, which is stocking up rather than consumption and is why Frank’s repairs read 45.2% here against 91.7% in July. Against that, £338.97 of cost sits on work not yet invoiced, most of it the Jorissen thermostat.
Turnover of £16,954.54 is 25.7% below last April. The business is smaller than a year ago and profitable anyway, which is the cost base doing its job rather than the top line.
ghc-source-data.json in this folder.Frank
Frank’s four books, each scored on its own against what he costs to employ and run. Agent revenue is gross, with the agency fee shown beneath the book below.
Frank’s cost to run is £4,812.98: £4,051.85 to employer, £390.00 of vehicle hire and fuel, and £371.13 of agency fees and van stock that April to June do not split out.
Estate agents at 99.2% and servicing at 95.7% are the two books doing the work. His own repairs look weak at 45.2%, but that is the van stock: before it they run at 94.5%, and £666.08 of stock bought in one month is not one month’s consumption.
| Agent | Apr £ |
|---|---|
| Manning Stainton | £845.00 |
| Redbrick | £1,027.00 |
| Myrings | £791.69 |
| Linley and Simpson | £85.00 |
| Agent revenue | £2,748.69 |
| Parts and subcontract labour | (£21.45) |
| Before agency fees · 99.2% | £2,727.24 |
Manning Stainton and Redbrick are the bulk of it and neither needed a subcontractor in April. Only £21.45 of parts attaches to the whole book, a single Screwfix pressure relief valve for Myrings.
Subcontracted repairs and services
April’s repairs delivered by a subcontractor, on the sales invoice date, each carrying the labour and parts that job consumed. Repairs Frank carried out himself are in his scorecard in section 1. Install labour and materials are in section 3.
The only subcontracted repair in April lost money. Jon Graham was billed £404.46 across a call out and a pump replacement, and cost £480.91: £100.00 of Nicky’s time and £380.91 of Vaillant parts.
It is the pattern that repeats all year. A job quoted as a call out cannot absorb a subcontractor’s day and the parts on top.
Subcontracted installs
Each install carries its own materials and subcontract days whatever month they were bought, and each bar is the contract value split into labour, materials and margin.
Both April installs landed within half a point of each other, 34.1% and 33.6%, which is the shape a well priced install should have.
Ash Nicholson is shown at its full £3,340.00 contract though only the closing 50% was invoiced in April; the cost follows the job, so the margin is the whole job’s margin. Mr Whaley carries £375.00 of recharged labour against £830.00 the job sheet modelled, and the April recharge of £1,020.00 reconciles line for line with no more Whaley time in it.
Store and underfloor
Secondary revenue: the Heat and Plumb store and underfloor heating. Neither is work GHC undertakes itself, so neither carries labour.
| April £ | |
|---|---|
| Secondary revenue | £1,184.55 |
| Parts | (£196.07) |
| Contribution · 83.4% | £988.48 |
£1,184.55 of store and underfloor revenue at 83.4%, earned without GHC delivering the work.
Turnover and gross profit against the target
Each month has to clear £6,037.27 of contribution: the real overhead plus the £320 a month of operating profit the year needs.
| Month | Contribution £ | Bar £ | Against the bar £ |
|---|---|---|---|
| April 2026 | £6,468.81 | £6,037.27 | £431.54 |
| April average | £6,468.81 | £6,037.27 | £431.54 |
April is one of only two months this year to clear the bar.
£16,954.54 against £22,829.42 last April. Last year opened heavily and this year has not.
Running costs and the operating result
Overheads are administrative costs plus Rachel and Sarah at cost to employer. Estate agent fees are not here; they sit in section 1 against the revenue they relate to.
▶Full breakdown of overheads£5,540.89 in April
| Line | Apr £ |
|---|---|
| Rachel Bishop, cost to employer | £1,868.85 |
| Sarah Zera, cost to employer | £1,344.66 |
| WarmFloors recharge for Sarah | £0.00 |
| Rent | £675.00 |
| IT software and consumables | £505.58 |
| Insurance | £259.50 |
| Subscriptions | £91.40 |
| Telephone and internet | £142.11 |
| Vehicle, one off garage work | £65.47 |
| Bank fees | £88.55 |
| Audit and accountancy fees | £297.00 |
| Advertising, marketing and events | £112.00 |
| Payment fees | £35.76 |
| Postage, freight and courier | £49.85 |
| Charitable donations | £0.00 |
| General expenses | £5.16 |
| Overheads | £5,540.89 |
People are at their April cost. Rent, insurance, IT, subscriptions and telephone are the fixed monthly amounts. Vehicle here is £65.47 of garage work only; the £390.00 of hire and fuel is charged to Frank in section 1.
Against the £3,840 annual target the pro rata expectation after one month is £320. April made £927.92, so the year opens £607.92 ahead.
Outlook and the task from here
April is the proof that the cost base is coverable. It needed two installs and an unusually clean month on the agent book to do it.
The risk it does not show is repeat business. One subcontracted repair, and that one lost money.