Heating World Of Spares Limited

Heating World of Spares Ltd, based in Newton Aycliffe, UK, is a small, active company founded eighteen years ago. With twenty-three employees and £2,855,965 in assets, it's a well-established business run by three directors and a solo founder. The company regularly imports optical and medical tools and devices, with a recent import recorded in February 2025, and exports machinery, boilers, and mechanical appliances, with a last export in November 2020. It operates from a real address, and is registered with only one other company at the same location.

The company’s website, Heating World of Spares, focuses on the wholesale of hardware, plumbing, and heating equipment and supplies. It seems to be primarily an online business, offering a range of products to trade customers. There’s no obvious e-commerce functionality, suggesting it’s more of a catalogue or trade portal.

Financially, Heating World of Spares Ltd presents a mixed picture. Cash reserves have increased by 21%, reaching £1,400,000, which is a positive sign. However, net assets have also increased by 5.2%, reaching £2,000,000. Bank borrowings have decreased by 22%, and trade debtors have increased by 8.5%. Creditors have decreased by 2.5%, and net current assets have increased by 6.6%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 60 employees) allows it to remain nimble. The company's depreciation for computer equipment has increased by 10%, which could be due to investments in new technology. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

Overall, Heating World of Spares Ltd appears to be a stable, if not rapidly growing, business. The increase in cash reserves is encouraging, but the company should monitor its debtors to ensure timely payments.

Registered in England/Wales under the registration number 06014278, with a registered address at DL5 6XN, England, Newton Aycliffe, Unit 2 Beaumont Square Durham Way South, Aycliffe Business Park.

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