Heat Trace Limited

Heat Trace Ltd, based in Frodsham, UK, is a well-established company with a 43-year history, currently employing 70 people. The business, a holding company with an active status, holds assets worth £7,050,393 and generates a yearly revenue of £10,143,082. It operates an e-commerce site and regularly imports and exports electrical machinery and equipment – 137 months of imports and 563 months of exports recorded. The company is led by four directors and has one owner, with Fredriksson Christer, Rtenblad Mattias, Ellam Simon, and Oconnor Jason serving as directors.

Heat Trace specialises in the manufacture and supply of electric heat tracing equipment, catering to both process temperature maintenance and freeze protection applications. Its website showcases a range of products, including trace heating cables, control monitoring systems, and accessories. The company's UK-based operations are supported by a dedicated team, and it provides services such as termination kits and fixing accessories.

Looking at the financial data, Heat Trace Ltd has seen some interesting trends. While administrative expenses increased by 14%, the company's cash bank on hand has decreased by a significant 83%. Bank borrowings have surged by 600%, reaching £580,000, which could indicate increased investment or a need for working capital. On a positive note, the company's current assets have increased by 24% to £7.1 million, and turnover has grown by 17% to £10 million. The company's net assets have decreased by 5.3%, however.

The company meets two of the three criteria to be considered large, with turnover more than £36 million and balance sheet more than £18 million. The accounts are audited by CLA Evelyn Partners Limited. It’s likely that the increased borrowing is linked to expanding operations, given the growth in turnover and assets. The sharp decline in cash reserves, however, warrants monitoring.

Registered in England/Wales under the registration number 01573447, with a registered address at WA6 0DJ, Frodsham, Cheshire, Meres Edge Chester Road, Helsby.

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