Elsco Heating Ltd

Elsco Heating Ltd from Elgin UK: a small, active company founded 13 years ago, employs just two people, and holds £51,537 in assets. It’s a solo-founded operation with one director and owner. The company regularly imports optical and medical tools and devices, with eight months of import activity recorded.

The business operates from a real address at 69 Wards Road, Elgin, and specializes in selling German electric heating solutions. Its website highlights the benefits of clay core heaters, emphasizing radiant heat, slimline designs, and extended warranties. The company’s focus is on providing an alternative to traditional storage heaters, catering to customers seeking economic and efficient heating options. It even has a blog discussing the disadvantages of storage heaters. The company’s website reveals a family-run business with close ties to its German manufacturing partners, emphasizing quality and attention to detail.

Financially, Elsco Heating Ltd shows some concerning trends. Cash bank on hand decreased by 5%, while current assets dropped by 6%. Trade debtors plummeted by 98%, which is a big change. Although creditors increased by 28%, it’s not enough to offset the other declines. The company’s small size (meeting two of three conditions for being a small company) helps it stay nimble, but the drop in assets and the large decrease in debtors suggest a need for closer financial management. There's no auditor mentioned, which is common for small companies.

Overall, Elsco Heating Ltd appears to be facing some financial challenges, although it continues to operate and serve its customer base. The company’s focus on a niche market and its commitment to German engineering may help it weather these pressures—but it’s clear that careful attention to its financial health is needed.

Registered in Scotland under the registration number SC404559, with a registered address at IV30 1TE, Elgin, Morayshire, 69 Wards Road.

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