Hazard Heating Services Ltd

Hazard Heating Services Ltd, based in Chichester, UK, is a small, active company founded 22 years ago in 2002. With just one employee and £5,740 in assets, it’s a solo founder operation managed by two directors and one owner. The company operates from a real address and regularly imports electrical machinery and equipment, with four months of import activity recorded, the latest in May 2024.

The company's website, nicholsonheatingservices.co.uk, reveals a thriving business specializing in central heating services across the North East. They offer combi boiler packages, regular system boilers, boiler repair, oil boiler installations, air source heat pumps, and smart thermostats—catering to both domestic and commercial clients. The site boasts a strong focus on customer service, with a "Book a Free Home Quotation" call to action prominently displayed. It even includes a blog with helpful tips on boiler efficiency and maintenance.

Financially, Hazard Heating Services Ltd presents a mixed picture. Current assets have drastically fallen by 79%, dropping to just £5,700, while net assets have plummeted 770%, reaching -£16,000. Cash reserves have also suffered a significant decline of 76%, falling to £5,700. Trade creditors decreased by 78%, suggesting improved debt management, but bank borrowings have increased. 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 sharp equity decline raises concerns. No auditor is mentioned, and the accounts are unaudited.

Overall, Hazard Heating Services Ltd appears to be a well-regarded local business facing financial challenges. The company's strong reputation and range of services suggest potential for growth, but addressing the declining equity will be crucial for long-term sustainability.

Registered in England/Wales under the registration number 04590552, with a registered address at PO20 0QB, Chichester, West Sussex, First Floor 119 High Street, Selsey.

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