Management performance report · June 2026
June 2026 performance
Month three of FY2026/27, and the first to cover its costs and clear a profit. June’s gross profit against the target the year now carries. All figures exclude VAT.
The verdict
June did its job. It made a gross profit of £4,868, enough to cover the month’s overheads and leave an operating profit of £481, the first of the year and past the £320 a month the target needs. On the measure that matters, gross profit covering the cost base, June cleared the line.
It leaned on installations to get there, three worth £6,503, without which the month would have been a loss, and the quarter as a whole is still catching up, because April and May both lost money. Turnover, at £16,376, sat a little below where the old headline figure used to sit, but turnover was never the goal. Covering the overheads and making a margin is, and this month it did.
June against the gross profit target
The bar each month is £4,820 of gross profit, enough to cover the overheads and the profit share. This year’s months in flame red; the amber line is the target, the fainter line break-even.
June and April tell the clearest story: June’s gross profit cleared the bar and the month made money, April’s fell well short and it lost. May sat right on the line on gross profit, but its overheads ran high that month, so it still made a small loss. One month above the bar is where we needed to get to; three or four in a row through the winter is what makes the year.
June’s turnover stood well above last June, nearly double it, though below the £22,800 and £17,900 last year opened with. The shape of the year still points the same way: the heavier months are the heating season ahead, and it is the gross profit they throw off, not the sales themselves, that clears the bar.
The bar, three months in
The target is simple: enough gross profit each month to cover the overheads and leave a little profit.
Overheads run at about £4,500 a month. To make the year’s £3,840 of operating profit we need roughly £320 a month on top, so each month’s bar is about £4,820 of gross profit. Clear it and the month is ahead; fall short and it is behind. Three months in we have made £13,543 of gross profit, an average of £4,514 a month, which covers the overheads but not yet the profit on top. April and May both fell short, June cleared the bar, and the quarter as a whole ran a small operating loss of £1,259 against the £960 of profit the target wanted by now, so we are roughly £2,200 behind with June the month that turned it.
| Gross profit, the monthly bar | £ per month |
|---|---|
| Overheads to cover | 4,500 |
| Operating profit target | 320 |
| Gross profit needed | 4,820 |
| Made so far, April to June average | 4,514 |
June at a glance
The month’s headline numbers against target, and against the two months that opened the year.
The profit matters more than the turnover. April and May both lost money, so an operating profit at all, even £481, is the first of the year, and it is past the £320 a month the target needs. What made the difference was gross profit clearing the cost base, which it had not managed since the year began. Strip the three installations out, though, and June is a £1,470 loss, so it was the installs that carried it, not a broad lift across the book.
Where June’s turnover came from
The service line mix for the month, against May. Gas Care shown gross, lettings agent work net of fees.
| Service line | May £ | June £ |
|---|---|---|
| Boiler / gas appliance service | 2,495.84 | 2,093.34 |
| Installation | 0.00 | 6,502.59 |
| Gas Care & repairs (gross) | 3,510.23 | 3,101.56 |
| Lettings agents (net of fees) | 3,978.94 | 4,422.28 |
| Other (underfloor, store, sundry) | 714.14 | 256.43 |
| Total turnover | 10,699.15 | 16,376.20 |
June leaned on installations coming back, three worth £6,503 at an average of £2,168, the line that sat empty in May. Underneath, the recurring book held its shape, with boiler and gas appliance servicing and the Gas Care plans together near £5,200, while the lettings agent work brought in £4,422 net across the four agencies, down on May as higher agency fees came out.
Against last June the picture is still strong on the value of the work. We completed much the same number of jobs, seventy one against seventy four, but turnover nearly doubled, from £8,271 to £16,376, so the average value per job rose from £112 to £231. Last June was one of the year’s quietest months with no installations behind it, where this June had three. The count is jobs completed on both years, excluding the recurring Gas Care Monthly plans and the Gas Care Annual sign-ups, which are standing subscriptions or renewals rather than work.
Outlook and the task from here
The read is measured but the right way up. June covered its costs and made a profit on the measure that counts, and it did it in early summer rather than waiting for winter. But it leaned on installations landing, and the quarter is still about £2,200 behind the profit line because of April and May. The recurring book of servicing, Gas Care plans and lettings work covers most of the overhead; the swing each month is whether installations and the heavier work land on top of it.
So the task from here is two things held together. Keep gross profit above the £4,820 bar every month it can be, and make back the ground the slow start lost, through the autumn and winter when the heavier work comes in. Hold that and the year’s small profit is in reach; miss the busy months and it slips away. High summer and the Christmas lull are the soft spots to watch before the heating season lands.