Infrared Heating Products Limited

Infrared Heating Products Limited, based in Lichfield, UK, is a small, active company founded nine years ago. With £108,124 in assets and a virtual address shared by 49 other companies, it's a modest operation run by two directors with no reported owners. The company boasts a perfect 5.0 Google rating from just three reviews and is an irregular importer of electrical machinery and equipment, with the last import occurring two months ago in May 2023.

The company's website showcases a focus on infrared heating panels, highlighting their UK manufacture, 10-year warranty, and unique angled design. It caters to a wide range of applications, from eco-homes and offices to kennels and yoga studios, emphasizing energy efficiency and British craftsmanship. The website also includes a separate section for high-end piano restoration, a surprising and prestigious addition to the infrared heating business.

Financially, Infrared Heating Products Limited presents a mixed picture. Current assets have jumped a significant 210% to £110,000, while cash reserves have plummeted 98% to just £150—a dramatic shift. Bank borrowings have also decreased, and creditors have increased by 6.4%, suggesting a need for more funding. The company’s small size (meeting two of three conditions for being considered small) helps it remain flexible, but the sharp decline in cash raises questions. The company’s net current assets liabilities are -£22,000, a concerning trend. While the accounts are unaudited (likely exempt as a small company), the figures suggest a company that's growing quickly but needs to manage its cash flow more effectively. It is also worth noting that the company has not published a commitment to the UK Effective Stewardship Code.

Registered in England/Wales under the registration number 09949398, with a registered address at WS13 6DN, England, Lichfield, Lombard House, Cross Keys.

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