Backer Heatrod Limited

Backer Heatrod Ltd from Bolton UK: large company, holding company, active status, founded 61 years ago, 58 employees, £4,881,358 assets, yearly revenue: £7,691,138, real address, 4 directors, 1 owner, google rating 4.0 based on 9 reviews. Regular importer of electrical machinery and equipment (130 months imported). Regular exporter of electrical machinery and equipment (67 months exported).

Backer Heatrod Ltd is a sizable player in the UK’s heating element manufacturing sector, operating as a holding company with a long history dating back to 1963. Employing 58 people, the company boasts substantial assets of £4,881,358 and a yearly revenue of £7,691,138. It’s a well-established business, with a real address and overseen by four directors and a single owner. The 4.0 Google rating, based on nine reviews, suggests a generally positive customer perception. The company is a regular importer and exporter of electrical machinery, indicating a global reach.

The company’s website, Heatrod Shop Online, showcases its core business: the design and manufacture of heating elements and associated process heating equipment. It’s positioned as the UK’s leading manufacturer in this field, with a new, environmentally conscious production facility in Bolton. The site highlights a wide range of products, from traditional tubular heating elements to more specialist technologies, catering to diverse industries including aerospace, catering, and oil & gas. It also offers design and manufacturing services, and a webshop for online sales.

Financially, Backer Heatrod Ltd shows some interesting trends. Bank borrowings have increased significantly, rising by 29% to £960,000, while cash bank on hand fell by 70% to £62,000. Creditors also increased by 17%, reaching £3,000,000. However, turnover has seen a healthy rise of 16%, reaching £7,700,000, and staff numbers have increased by 16% to 67. The company’s net assets, however, have shifted dramatically, going from a negative £360,000 to a positive £800,000. This suggests a significant improvement in equity, potentially driven by increased profitability or strategic investments. The company's turnover is above £36 million, balance sheet total is above £18 million, and average number of employees is over 250, so it’s a large company.

The company’s parent, Nibe Industrier Ab, is a Swedish industrial group, indicating that Backer Heatrod Ltd is part of a larger international network. The increased bank borrowing, while a concern, could be a sign of expansion or investment in new technologies. The improvement in net assets, however, is a positive signal, suggesting that the company is successfully navigating the market and generating value. The lack of mention of an auditor suggests the company is exempt from full auditing requirements, but the financial data still provides a snapshot of its current health.

Registered in England/Wales under the registration number 00766637, with a registered address at BL4 0AN, England, Bolton, Unit 10 Top Deck Smethurst Lane, Farnworth.

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