Alternative Heat Limited

Alternative Heat Ltd, based in Banbridge, UK, is a large, holding company with an active status, celebrating 20 years in business. Employing 150 people, the company holds assets totaling £19,194,281 and operates from a real address, overseen by five directors and a single owner. Google users rate it 4.0 out of 5 based on 25 reviews. The company regularly imports electrical machinery and equipment (four months of activity) and exports it irregularly (one month).

The company specializes in offsite MEP (mechanical, electrical, and plumbing) prefabrication for the construction industry. Its website highlights its role as a market leader, offering a wide range of prefabricated MEP solutions delivered across the UK, Ireland, and mainland Europe. Alternative Heat designs, manufactures, and delivers turnkey solutions, integrating BIM (Building Information Modeling) from the design stage through fabrication and delivery. They cater to various sectors, including commercial, data centers, education, healthcare, and renewables, with a focus on modern construction methods.

Financially, Alternative Heat Ltd shows some concerning trends. While turnover increased by 11%, net assets declined by 16% to £11 million. Bank borrowings increased by 100% to £15,000, and cash reserves decreased by 30% to £5.7 million. Creditors increased by 95% to £3.6 million, suggesting increased reliance on short-term financing. Despite these challenges, the company’s average number of employees increased by 37% to 210, indicating growth in operations. The company's assets are held in a real address, and there is only one company registered at the address. The company's auditor is Moore (N.I.) LLP.

These figures suggest Alternative Heat Ltd is experiencing a period of rapid expansion, but it is also managing increased debt and reduced cash reserves. The company’s focus on offsite prefabrication and renewable energy solutions positions it well for future growth, but careful financial management will be crucial to sustain its momentum.

Registered in Northern Ireland under the registration number NI054205, with a registered address at BT32 3QD, Northern Ireland, Banbridge, Co Down, Unit 18 - 19 Scarva Road Industrial Estate, Scarva Road.

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