Aks Heat Transfer Limited

Aks Heat Transfer Ltd from Sheffield UK: a small, active company founded thirteen years ago, employs eight people, and holds £541,547 in assets. It's a family business with four directors and two owners, operating from a real address. The company is an irregular importer of machinery, boilers, and mechanical appliances, with just one month of import activity recorded, and a regular exporter of the same items, with six months of export activity.

The company’s website details a specialist provider of heat exchanger repair, maintenance, and manufacture. They cater to a range of sectors including industrial, marine, oil & gas, and power generation, offering services from inspections to full refurbishments and even direct replacement units. They also manufacture heat exchangers and related components, and have a division dedicated to COVRAD products. The website highlights a commitment to quality and expertise, with case studies showcasing their work across various industries.

Financially, Aks Heat Transfer Ltd shows some interesting trends. Cash reserves increased significantly, jumping 62% to £530,000, which is a positive sign. However, net assets declined by 5.8% to £240,000. Bank borrowings decreased by 28%, indicating better debt management. Trade debtors increased by 33%, which could be a sign of customers taking longer to pay, or an expansion of credit terms. Creditors, however, saw a massive surge of 350%, reaching £290,000, which is a bit concerning. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, and the figures are unaudited.

The company’s current liabilities have increased, which might indicate a need to carefully manage cash flow. The increased debt could be from investments in new equipment or expansion, but it’s something to keep an eye on. Overall, while the increased cash reserves are encouraging, the rise in creditors suggests a potential need for improved financial planning.

Registered in England/Wales under the registration number 07956683, with a registered address at S13 9NQ, Sheffield, South Yorkshire, Unit 25b Orgreave Crescent, Dore House Industrial Estate.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.