Leagrave Heating Supplies Limited

Leagrave Heating Supplies Ltd from Luton, UK, is a small, active company founded 34 years ago in 1990. Despite having zero employees, it holds £883,211 in assets and operates from a real address at 3 Chaul End Lane. With three directors and one owner, Akhtar Hassan, the business is a regular importer of furniture, lighting, and prefabricated buildings – having imported for eight months, with the last operation in August 2021.

The company’s website, The7.co.uk, lists Leagrave Heating Supplies Ltd as a plumber's merchant, serving a wide geographic area across the UK, from Aberdeen to Southend-on-Sea. It appears to be a wholesale business, supplying hardware, plumbing, and heating equipment to various locations. The website also lists related companies, including Leafy Oak Farm Cattery and Croxley Plumbing Heating Bathroom Supplies, suggesting a diverse portfolio of interests. It’s a little confusing.

Financially, Leagrave Heating Supplies Ltd shows some concerning trends. While cash reserves increased by a healthy 93% to £230,000, current assets decreased by 3.2% to £880,000. Bank borrowings remained stable at £320,000, but trade debtors plummeted by 24%, indicating potential issues with customer payments. Net assets increased by 2.6% to £1.4 million, but creditors also decreased by 8.4%, which is a positive sign. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no auditor mentioned, likely due to its small size.

Overall, Leagrave Heating Supplies Ltd seems to be navigating a challenging environment. While it maintains a strong asset base and is actively importing goods, the decrease in trade debtors and the increase in bank borrowings suggest it might be burning through cash faster than anticipated. It's a little worrying.

Registered in England/Wales under the registration number 02545487, with a registered address at LU4 8EZ, Luton, Bedfordshire, 3 Chaul End Lane.

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