Harworth Heating Limited

Harworth Heating Ltd, based in South Yorkshire, UK, is a small, active company established 39 years ago. Employing eight people and holding assets of £348,472, it’s a long-standing business with a real address and five directors overseeing operations. The company is owned by two individuals. It regularly imports iron or steel products—a consistent pattern over the last 30 months—and has sporadically exported electrical machinery and equipment, with the last export recorded a few months ago.

The company's website showcases a diverse range of products and services, from stoves and cookers to boiler spares and outdoor living essentials. It appears to be primarily an e-commerce business, with a well-designed site and a focus on brand-name products like Aga, Rayburn, and Vermont Castings. The site also highlights a marine heating division, manufacturing stoves and accessories specifically for boats. It’s a surprisingly broad offering for a small company.

Financially, Harworth Heating Ltd presents a mixed picture. Cash reserves have increased by a substantial 28%, reaching £250,000, which is a positive sign. However, trade debtors have decreased by a significant 34%, suggesting potential issues with collecting payments. Creditors have also fallen considerably, by 49%, which could be a result of improved debt management. Net assets have risen by 32%, to £230,000, but the company’s net current assets have increased by 17%. The company is classified as small, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit.

The company’s increase in bank borrowings, reaching £6,200, may indicate an investment in inventory or equipment, but it’s something to keep an eye on. The rise in provisions for liabilities by 320% is a bit concerning, although it could be a one-off adjustment. Overall, Harworth Heating Ltd seems to be navigating a competitive market, leveraging its long history and diverse product range to maintain a steady presence.

Registered in England/Wales under the registration number 01994559, with a registered address at DN11 8NE, South Yorkshire, Blyth Road, Harworth,Doncaster.

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