Hearth Products Ltd

Hearth Products Ltd from Stafford, UK, is a small, active company founded 21 years ago. With eight employees and £2,301,453 in assets, it operates from a real address and is overseen by four directors and two owners. Google users rate it 4.0 out of 5 based on 16 reviews. The company regularly imports iron or steel products, with a history of 44 months of imports, the last in July 2022.

The company’s website, hearthproducts.co.uk, showcases a range of gas and electric fireplaces, including the popular Ravel series. It appears to be a wholesale distributor, offering products to installers and retailers, rather than a direct-to-consumer e-commerce operation. The site features detailed product information, brochures, videos, and technical support resources. It also highlights the company's commitment to quality, innovation, and customer service, with a focus on UKCA European standards and a 5-year limited guarantee. A newsletter signup form suggests an effort to build customer relationships and promote new products.

Financially, Hearth Products Ltd shows some concerning trends. While cash reserves decreased by 25% to £250,000, bank borrowings increased by 15% to £150,000. Creditors decreased by 56% to £200,000, which is a positive sign, but the significant drop in equity (80% to £1.3 million) is a red flag. Net assets also fell, though not as drastically, to £1.3 million. The company’s small size (meeting two of three conditions for being classified as small) means it’s exempt from a full audit, so the figures are unaudited. Turnover is not mentioned, but the company’s size suggests it’s under £10.2 million.

Despite these financial pressures, Hearth Products Ltd seems to be maintaining its focus on the wholesale of hardware, plumbing, and heating equipment. The company’s long-standing presence in the industry and positive Google rating suggest a reputation for quality and reliability, but the declining equity warrants close monitoring.

Registered in England/Wales under the registration number 04802594, with a registered address at ST16 3SU, Stafford, Staffordshire, Unit 14 Brindley Close, Tollgate Industrial Estate.

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