Monday Brief
Harbor Crest Group
Week of June 8, 2026 · 4 entities consolidated · May close
Group net income — May
$86,400
+20.2% vs April ($71,900)
- Group revenue
- $1,284,000
- +4.1% vs April
- Gross margin
- 38.2%
- +0.9 pp vs April
- Cash across entities
- $412,300
- ($28,100) vs April
- Intercompany eliminated
- $24,000
- rent + management fees
What changed, and why it matters
Margin recovered at Harbor Plumbing.
Gross margin rose from 37.3% to 38.2%, almost entirely from the job-pricing update Harbor Plumbing rolled out in April finally reaching completed jobs. The group earned $14,500 more than last month on only $50k more revenue — pricing, not volume, did the work.
QuickBooks · Harbor Plumbing Co · 214 invoices, May
Cash dipped — on purpose.
Group cash fell $28,100 while inventory at Bluewater Supply rose $31,800. That is the seasonal pre-buy, not a leak: the cash became stock ahead of the summer season. Worth watching, not worth worrying.
Xero · Bluewater Supply LLC · 18 supplier bills, May
$24,000 of intercompany rent was eliminated.
Crest Property charges the operating companies rent and management fees. The engine removed those internal charges from group revenue — without elimination, the group would look $24,000 bigger than it really is. Each elimination lists the matched pair of transactions it came from.
Elimination ledger · 6 matched pairs · Crest Property ↔ operating entities
Engine checks — passed
- Balance sheet balances in all 4 entities and in the consolidated view
- Sum of entities − eliminations = consolidated, to the cent
- Every figure traces to its source transaction