July 2026 performance

His full cost is £5,000.09: £4,610.09 to employer and £390.00 of vehicle hire and fuel. The van stock he uses is charged to the repairs that consume it rather than to him. The rest of the motor vehicle account is one off garage work and sits in overheads.

Repairs and call outs are the smallest book but the cleanest, two jobs at 91.7% after the van stock they used. Gas Care is carried by annual renewals at £2,162.00 against a £754.67 three month average, so roughly £1,400 of July does not repeat in August. Underfloor is in section 4; Frank does not do that work.

July’s repairs carry the £14.97 of van stock they used. The year is heavier: £1,070.58 of stock was bought on the Leodis account across April to June, almost all of it in the first two months. Charged against the £3,060.40 of repair sales it was bought for, the year returns 56.2% rather than the 91.1% the parts lines alone suggest.

The agents are 41.7% of Frank’s revenue and cost £645.78 to serve across four months. Manning Stainton is both the largest at £6,255.72 and the dearest to serve at £297.57, five of its jobs needing parts or an electrician. Only July’s agency fee is separately identified, at £375.34, or 9.1% of that month’s agent revenue; April to June were reported net of fees and have not been split.

June holds £450.80 of that, £170.00 of it PN Electrical on two jobs. Agent work pays well while Frank can do it alone and stops the moment it needs a second trade.

July returned £833.61 on £2,508.86, the block’s best month, with Richard Baines the largest repair invoice of the year.

The year is the problem. Eleven jobs returned £592.04 on £4,807.31 and four lost money, each priced as a call out then delivered at a subcontractor’s day rate. Lucy Johnson billed £240.00 against £300.00 paid to John Tate. Nick Galvin took two men for a day, billed £479.00 and cost £578.53.

Frank turns a repair at 56.2% after van stock. A subcontractor turns one at 12.3%, and every loss maker of the year is here.

The best margin of the year, though 34.9% rather than the 37.8% first reported, because the £125.00 James Atkinson day had not been attached. At £749.44 of gross profit per subcontract day it is the most productive use of that time all year, against a £300.25 average.

Broughton and Peace each took two of Nicky’s days and returned £1,498.88 and £721.13. Smetham took four and returned (£554.34). The difference is in pricing and buying, not delivery.

Smetham was previously reported at break even. Four Nicky days were recharged against it, not two, and £95.55 of Leodis account material and £103.90 of Acorn had never been attached. It cost £1,692.26 against £1,137.92. Without the £304.58 discount it still loses £249.76.

Neil Sheperd falls to 13.9% once the £80.00 PN Electrical attendance and £38.31 of missed material land; its materials took 71.5% against a 57.0% average. Broad Lane Close is new: £260.63 spent and never invoiced.

Underfloor does not belong in Frank; he does not do the work. With the store it makes £3,376.26 across four months on £3,746.44, a 90.1% margin, the only cost being the Floor Heating Systems material already in this block.

This is revenue earned without delivering the work, so the question it raises is whether there is more of it, not whether it pays.

Two months clear the bar, July by £1,727.35 and April by £431.54, and both returned an operating profit. The four month average is £5,443.32, £593.95 short. Against the old £4,820 line every month except June would have looked like a pass.

July turned over £18,111.77 including the install, the strongest month of the year against last July’s £9,990. The heavier months are still ahead.

Frank made money in every month; subcontracted repairs only in July. Installs made money whenever there were any, and May had none, which is most of why May is poor.

The blocks total more than the company earned; the row beneath is £398.97 of cost bought for work not yet invoiced, all of it April and May. April and July both cleared their overhead, May and June lost £3,349.89 between them. Sundry and interest holds underfloor and Gas Care bundles with no natural home, its negative months being credit notes sitting in the wrong place.

June is short, not weak. Frank had seven days off, leaving 15 workable days against 20 in April and 19 in May, and output per workable day was within 4% of their average. His salary was paid in full regardless, and June also carries £450.80 of estate agent parts, the heaviest month of the year for it.

Labour runs at 52.3% of the sale and parts at 35.4%, leaving 12.3%. June finished at (£1.37), a whole month earning nothing, holding two of the four annual loss makers. Secondary revenue holds 90.1% across the four months, July its strongest at £1,378.83.

Against the £3,840 target the pro rata expectation four months in is £1,280. The business has lost £1,240.39, so it is £2,520.39 behind, on a full cost base with nothing left to come.

July is the shape the year needs: Frank at full output, a well priced install, and subcontracted repairs finally turning a margin. April managed it on a lighter cost base. Two months in four is not yet a year.

What does not pay is work handed out. Subcontracted repairs return 12.3% and four of eleven lost money; one install in seven was quoted below what it cost to build. Both are pricing decisions taken before the work starts. August should answer whether a repair is worth subcontracting at all when it cannot carry a day rate.

Gas Care renewals will not repeat at £2,162, so about £1,400 does not carry into August. The priorities are to invoice Broad Lane Close, bill or write off the Jorissen thermostat, get the June and July recharges out of Leodis Developments, and price installs like Broughton rather than Smetham.