Horstad Ltd

Horstad Ltd, based in Livingston, UK, is a small, family-run holding company with an active status. Founded six years ago in December 2018, it employs eleven people and holds £343,141 in assets. The company, managed by one director and three owners, has a real registered address and boasts a perfect 5.0 Google rating based on three reviews. It’s a regular importer of plastics and plastic products, with eleven months of import activity recorded, the last in November 2024.

The company’s website, hellohorstad.com, positions itself as a leading manufacturer of underfloor heating systems. It offers a wide range of products, including wet UFH systems, acoustic wood fibre board, and electric UFH systems, catering to installers, builders, developers, and architects. The site emphasizes engineering excellence, innovation, and energy efficiency, offering a fast design service and showcasing trusted installer partners. It even has a merchandise section.

Financially, Horstad Ltd’s recent performance presents a mixed picture. Cash bank on hand increased dramatically by 1700%, reaching £9,300, which is good news. However, net assets plummeted 98%, falling to just £1,200. Average number of employees decreased by 45%, down to six, and trade debtors fell by 15%, suggesting potential difficulties in collecting payments. Creditors increased by 10%, and bank borrowings surged by 340%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the sharp decline in equity is concerning. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Horstad Ltd seems to be facing some financial pressures, despite its strong reputation and product range. The company's ability to navigate these challenges will be key to its long-term success.

Registered in Scotland under the registration number SC616219, with a registered address at EH54 5PQ, Scotland, Livingston, Unit Ts3 Telford Square, Houston Industrial Estate.

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