Cool-tech Limited

Cool-Tech Limited, based in Bury St. Edmunds, UK, is a small, active company established 18 years ago. With seven employees and £321,054 in assets, it’s a long-standing operation led by a single director and owner, Baker Collen. The company operates an e-commerce site and has a stellar 5.0 Google rating from two reviews. It’s a regular importer, though its top import category is listed as "None," with the last import activity occurring in November 2024.

Cool-Tech Limited’s website highlights its work in HVAC (heating, ventilation, and air conditioning) services, particularly for commercial clients. It's described as a specialist in plumbing, heat, and air conditioning installation, and even offers services for disaster recovery of damaged equipment. The company also manufactures electrical equipment and ventilation systems, catering to a range of industrial needs.

Looking at the financial data, Cool-Tech Limited shows some concerning trends. While cash reserves increased significantly by 150% to £97,000, net assets decreased by 41% to £62,000. Bank borrowings increased by 50% to £19,000, and net current assets liabilities plummeted to -£18,000. Creditors increased by 12% to £340,000, while trade debtors decreased by 9.4% to £130,000. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the decline in equity and increase in liabilities suggests potential financial strain. The lack of an auditor mentioned likely means the accounts are unaudited.

The company’s workforce has also shrunk, with the average number of employees decreasing by 29% to five. This could be a cost-saving measure, or it could indicate challenges in maintaining staffing levels. Overall, Cool-Tech Limited appears to be navigating a period of transition, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 05838806, with a registered address at IP31 3BT, England, Bury St. Edmunds, Suffolk, Unit 1&2 Four Ashes Farm Badwell Road, Walsham-Le-Willows.

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