Intelli Heat Limited

Intelli Heat Ltd from Thetford UK: a small, active company founded 18 years ago, employs two people, and holds £42,192 in assets. It has a real address, is overseen by one director and two owners, and boasts a stellar 5.0 Google rating based on 46 reviews. The company is an irregular importer of optical and medical tools and devices, with just one month of imports recorded.

The company operates in the wholesale of hardware, plumbing, and heating equipment, offering a wide range of electric radiators, including smart, designer, and towel rails. Its website highlights energy-efficient solutions, cloud-based heating management systems, and even bespoke radiator designs. The company seems to be targeting both residential and commercial customers, with a focus on energy savings and connected technology. The site also features a separate division specializing in piano restoration, indicating a diverse range of business activities.

Financially, Intelli Heat Ltd shows some concerning trends. While cash reserves dropped by a significant 76% to just £610, bank borrowings increased dramatically by 410% to £8,500. Creditors also rose by 19%, reaching £41,000. On a positive note, trade debtors increased by a substantial 240%, which could indicate growing sales, but also potential issues with collecting payments. Net assets plummeted 83% to £1,400, which is a significant decline. The company’s small size (meeting two of three conditions for being classified as small) helps it remain flexible, but the sharp decline in equity is a cause for concern. No auditor is mentioned, which is typical for small companies. The company seems to be burning through cash, but it’s unclear whether this is a temporary situation or a longer-term challenge.

Registered in England/Wales under the registration number 05950029, with a registered address at IP24 2ZD, Thetford, Norfolk, 1 Waterloo Close.

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