Heating Electrical Services Ltd

Heating Electrical Services Ltd, based in Kingswinford, UK, is a small, active company founded six years ago. It employs just one person and holds £95,343 in assets. While the company has a real registered address, it’s also flagged as a virtual address, as 242 other companies share the same location. The business is led by a single director and owner, who is also the solo founder. It regularly imports machinery, boilers, and mechanical appliances, with its last import activity recorded seven months ago.

The company’s website showcases a range of services, including plumbing, heating installations, repairs, and boiler servicing. It caters to both domestic and business customers in the Worthing area of Sussex, boasting a history dating back to 1968. The site highlights competitive pricing, professional customer service, and a 24/7 emergency call-out option. It also acts as an introducer appointed representative for TradeHelp Ltd, offering finance options through Novuna Personal Finance.

Financially, Heating Electrical Services Ltd presents a mixed picture. Current assets have decreased by 11%, dropping to £95,000. Net assets have plummeted 200%, now at -£18,000. Bank borrowings have increased significantly, up 240% to £5,000, while cash reserves have fallen 78% to just £2,200. Creditors have risen 50%, reaching £100,000, and trade debtors have fallen 4.6% to £93,000. The company’s small size (meeting two of three criteria for being a small company) allows for flexibility, but the substantial equity decline suggests potential financial strain. The company is exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 11944710, with a registered address at DY6 9HS, England, Kingswinford, West Midlands, Brook House, Moss Grove.

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