Ecopower Heating Ltd

Ecopower Heating Ltd, based in Fleet, UK, is a small, active company founded 15 years ago. With two employees and £483,816 in assets, it operates from a real address and is overseen by two directors and one owner. The company regularly imports electrical machinery and equipment, with five months of import activity recorded as of October 2024. It’s a retail business, specializing in the sale of electrical household appliances.

The company’s website is minimal, lacking detailed product listings or e-commerce functionality. It appears to primarily serve as a contact point and basic information hub rather than a direct sales platform. This suggests a more traditional, service-oriented approach, potentially involving installations and maintenance rather than purely online retail.

Financially, Ecopower Heating Ltd shows a mixed picture. Current assets decreased by 16% to £480,000, while net assets also fell by 15% to £450,000. Bank cash reserves dropped 13% to £450,000. Trade creditors decreased by 6%, indicating better management of short-term liabilities. Loans from directors increased by 9%, suggesting an injection of personal funds. 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 decrease in equity raises questions about its long-term stability. No auditor is mentioned, likely due to its small size and exemption from an audit. The accounts are unaudited.

The decrease in assets and equity could be due to several factors, such as increased operating expenses, investments in new equipment, or a slowdown in sales. The increase in loans from directors might indicate a need for additional capital to support growth or cover shortfalls. While the company’s financial position isn’t dire, it’s clear that Ecopower Heating Ltd is navigating a period of change and needs to carefully manage its resources to ensure its continued success.

Registered in England/Wales under the registration number 07175678, with a registered address at GU51 1DD, Fleet, 25 Ramsdell Road, Elvetham Heath.

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