Heatparts Limited

Heatparts Ltd, based in Sheffield, UK, is a small, active company established 17 years ago. With five employees and £418,550 in assets, it’s a modest operation run by two directors and a single owner. The company operates an e-commerce site and enjoys a stellar 5.0 Google rating from 32 reviews. It’s an irregular importer, primarily dealing in optical and medical tools and devices, with its last import activity recorded one month ago in April 2022.

The company’s website, Heatparts, is launching a new online store soon, promising a seamless shopping experience for engineers. It emphasizes live stock inventory, effortless ordering, and quick delivery options. The site also highlights the company’s long-standing commitment to customer service, with over 60 years of combined experience in the heating and plumbing spares trade. Heatparts has been a trusted supplier of genuine heating parts and spares for nearly three decades, stocking authentic parts and even offering piano restoration services through its 1066 Pianos division.

Financially, Heatparts Ltd presents a mixed picture. Cash bank on hand dropped by 36% to £49,000, while bank borrowings decreased by 37% to £20,000. Current assets increased by 7.6% to £420,000, and trade debtors surged by 53% to £140,000—a potential sign of increased sales but also a risk of delayed payments. Equity grew by 15% to £230,000, suggesting improved profitability, though creditors also rose by 11% to £170,000. The company meets two of three criteria to be considered small—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, relying on unaudited statements. The company’s continued growth in the e-commerce space and its long history in the heating parts industry suggest a solid foundation, but the increase in trade debtors warrants careful monitoring.

Registered in England/Wales under the registration number 06289769, with a registered address at S8 9UB, Sheffield, Yorkshire, 33 Oak Street, Heeley.

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