Chase Heating Limited

Chase Heating Ltd, based in Pershore, UK, is a small, active holding company established 38 years ago. Employing just three people, the company holds assets valued at £430,819 and boasts a perfect 5.0 Google rating from 45 reviews. It’s a real address, managed by three directors and a single owner, and regularly imports iron or steel products, although only for a month at a time, with the last import recorded in May 2022.

The company’s website showcases a wide range of fireplaces, stoves, and cookers, catering to both residential and commercial customers. It operates a showroom and emphasizes its expertise in installation and customer service. The site lists several brands it’s an approved dealer for, including Archer Fires, Charnwood Stoves, and Heta Stoves. It’s clear that Chase Heating Ltd isn’t just a retailer; it’s a specialist offering design, installation, and ongoing support.

Financially, Chase Heating Ltd demonstrates a mixed picture. While current assets increased by 8.2% to £430,000, net assets saw a significant jump of 41% to £160,000. Bank borrowings rose sharply, increasing by 110% to £61,000, and creditors also increased by 160% to £61,000. Despite these increases, cash reserves improved by 29% to £170,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited.

The increase in bank borrowings and creditors suggests that Chase Heating Ltd is investing in its business, perhaps expanding its showroom or inventory. It’s also possible that the company is experiencing some cash flow challenges, although the increase in cash reserves indicates a degree of financial stability. Overall, Chase Heating Ltd appears to be a well-regarded business with a solid reputation—but keeping a close eye on its debt levels will be important in the coming year.

Registered in England/Wales under the registration number 02108828, with a registered address at WR10 2EY, Pershore, Worcs, Racecourse Road.

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