Certified, Reliable Plumbing and Heating Services | Jm Plumbing (london)

JM Plumbing UK is a certified plumbing company committed to delivering reliable, high-quality services. With a focus on customer satisfaction, skilled workmanship, and forward-thinking solutions, they bring trusted expertise to homes and businesses across the UK.

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Providing high-quality plumbing and heating services

At JM Plumbing UK, we understand the importance of quick- no fuss reliability. That’s why we’ve built our business around being dependable, straightforward, and always professional. We’re a certified company, and we take pride in doing things properly the first time.

Our mission is to grow by staying innovative and empowering the people who make our service what it is – our team. We believe that by encouraging diverse thinking and practical solutions, we can continue to meet the changing needs of our customers. Whether it’s a minor repair or a full installation, we aim to make the process smooth and stress-free.

We’d love for you to be part of our journey. What sets JM Plumbing UK apart is our commitment to combining certified expertise with a truly customer-first approach. We don’t just fix problems — we build lasting trust through clear communication, dependable service, and a team that genuinely cares. With your support, we can bring this standard of plumbing and heating to even more homes and businesses across the UK.

Credit Commentary:
Based in London, JM Plumbing has been trading since 2018 and provides plumbing and heating services to local residential and commercial customers. The company holds an Equifax report of C(+). Our internal Credit Scoring Model ranks it as a Medium risk credit investment.

The sole shareholder of the company, Jamshed Mirzaei, is providing personal guarantee which means should the company fail to repay the loan, we can turn to the guarantor to cover any shortfall. The credit profile of the shareholder is fairly moderate and the owner is a non-homeowner.

The latest available accounts of the company are dated Apr YE 2024. The company generated turnover of £146.5k (YE 2023:£214k; YE 2022: £137.3k) and EBITDA stood at £27k (YE 2023:£69k; YE 2022: £47k) for YE 2024. The owner draws out regularly in the form of dividends. and the Net Asset of the business stood at £28.5k (YE 2023:£37.4k; YE 2022: £15.5k) for YE 2024. While we do not have accounts available for YE 2025 , we have access to Open Banking which indicates that the company made circa Net Income of 212k and if we apply the average operating margin achieved over the past 3 years , which is 25%, the estimated latest Operating Profit would stand at 53k. Looking at the accounts and open banking statements, the company is generating sufficient EBITDA to cover for the proposed loan facility. Moreover, the company has taken on more work; providing their services to property management companies and estate agents to service tenants properties, they have their own customer base too that they regularly service, hence the need for funding.
The company will use funds to refinance an existing Debt obligation charged at a comparatively higher APR and to provide additional cash flow flexibility to support the company’s ongoing expansion.

Inflation Risk:
Inflation doesn’t affect the business much. The company has long-term relationships with heating and plumbing suppliers, who give them good prices because they are regular customers. These suppliers buy in bulk and sell parts at wholesale prices with only a small markup.

JM PLUMBING (LONDON)

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JM PLUMBING (LONDON)

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