Boiler Spares Ltd

Boiler Spares Ltd, a small, active family business based in Huddersfield, UK, has been supplying boiler parts for eighteen years. Founded in 2006, the company employs just two people and holds £55,920 in assets, operating from a real address shared by six other companies. With two directors and two owners, it’s a tightly-knit operation regularly importing machinery, boilers, and mechanical appliances, with its most recent import activity recorded twelve months ago.

The company’s website, boilersparesltd.co.uk, showcases a range of boiler repair parts, including diaphragms, valves, and repair kits. It functions primarily as an e-commerce platform, with a clear focus on selling parts online. The site features categories for various parts and highlights new stock arrivals, aiming to attract customers seeking reliable boiler repair solutions. It's a simple, functional website, with a shopping cart and account creation options.

Financially, Boiler Spares Ltd presents a mixed picture. While cash reserves saw a significant increase of 500% to £8,600, debtors vanished completely, dropping 100% to zero. This could indicate a shift in payment terms or a period of unusually prompt customer payments. Bank borrowings decreased by 46% to £4,700, suggesting improved debt management. Creditors also decreased by 46% to £4,700. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sudden drop in debtors warrants further investigation. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

Overall, Boiler Spares Ltd appears to be navigating a period of change. The increased cash reserves are a positive sign, but the sudden shift in debtors needs to be monitored closely. It’s a small, family-run business that seems to be holding its own in a competitive market, but financial stability remains an ongoing challenge.

Registered in England/Wales under the registration number 05979312, with a registered address at HD2 1YY, Huddersfield, 673 Leeds Road.

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