Industrial Refrigeration Services (northern) Limited

Industrial Refrigeration Services Northern Ltd, based in Hull, UK, is a small, active company founded 19 years ago. With 13 employees and £824,403 in assets, it’s a well-established player in the refrigeration sector. The company, boasting a 4.0 Google rating from two reviews, operates from a real address and is managed by three directors and two owners. It’s a regular importer, bringing in machinery, boilers, and mechanical appliances—parts, with the most recent import activity recorded three months ago in June 2024.

The company’s website, though currently unavailable, suggests a focus on industrial refrigeration services, plumbing, heat and air-conditioning installation, and even some property letting. It’s likely they offer repair, maintenance, and installation services for commercial refrigeration equipment.

Financially, Industrial Refrigeration Services Northern Ltd presents a mixed picture. Current assets have decreased by a significant 26%, dropping to £820,000. Bank borrowings have increased by 1,300%, reaching £29,000, while cash reserves have fallen 56%, sitting at £290,000. Creditors have also increased by 19%, reaching £240,000. On a brighter note, trade debtors have increased by 4.4%, reaching £480,000. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The increase in borrowings and decrease in cash reserves, however, could indicate that the company is investing in growth or facing short-term cash flow challenges. The lack of an auditor mentioned suggests the company is exempt from an audit as a small entity. It’s possible that the company is experiencing typical growing pains, but the trends warrant close monitoring.

Registered in England/Wales under the registration number 05825107, with a registered address at HU3 4AQ, Hull, East Yorkshire, 26 Strickland Street.

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