Induction Heat Treatments (manchester) Limited

Induction Heat Treatments Manchester Ltd, a family business based in High Peak, UK, has been providing specialist heat treatment services for 55 years. Founded in 30 June 1970, the company employs five people and holds assets valued at £706,490. With three directors and two owners, it maintains a perfect 5.0 Google rating based on two reviews. The company is an irregular importer of electrical machinery and equipment, with its last import activity recorded over two years ago.

The company’s website details its expertise in induction hardening, tempering, annealing, and brazing – processes used to enhance the properties of metal components. It serves a global client base, operating across ten countries and catering to a wide range of industries. The website highlights the company’s commitment to quality, precision, and automation, with a focus on delivering consistent results. It’s clear they're not an e-commerce business; rather, they provide a specialized service to industrial clients.

Financially, Induction Heat Treatments Manchester Ltd shows a mixed picture. Cash reserves increased by 42% to £440,000, while current assets rose by 72% to £710,000. However, trade debtors increased significantly by 160% to £270,000, which could indicate challenges in collecting payments. Creditors also increased by 57% to £300,000. The company’s small size – meeting two of three criteria for a small company – allows for agility, but the increase in debt warrants attention. The company is exempt from an audit, and the financial statements are unaudited. The company’s net assets grew by 52% to £530,000. It's likely that the company’s growth is fueled by increased demand for its services, but the rise in debt needs to be monitored closely.

Registered in England/Wales under the registration number 00981276, with a registered address at SK22 3JB, High Peak, Derbyshire, Station Works Station Road, New Mills.

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