London Climate Hire Limited

London Climate Hire Ltd, based in Bishops Stortford, UK, is a small, active company founded nine years ago. With six employees and £969,494 in assets, it operates as an irregular importer of machinery, boilers, and mechanical appliances, with its last import activity occurring two months ago in April 2023. The company holds a respectable 4.0 Google rating from five reviews, and has one director and one owner.

The company's website highlights its core business: providing boiler hire, chiller hire, and portable air conditioning hire nationwide. It caters to businesses experiencing boiler breakdowns, offering temporary solutions and expert installation. The site emphasizes reliability, efficiency, and flexible rental options, targeting commercial clients needing uninterrupted heating. It also has a blog with helpful articles about boiler maintenance and energy efficiency.

Financially, London Climate Hire Ltd shows some concerning trends. Current assets have fallen by 11% to £970,000, while net current assets have plummeted 41% to -£580,000. Bank borrowings have increased by 15% to £50,000, and cash reserves have decreased significantly by 53% to £19,000. Creditors have also increased, rising by 3.5% to £1.6 million. On the positive side, trade debtors have decreased by 9.2% to £860,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor is common for small companies.

The significant drop in net current assets suggests the company is facing cash flow challenges. While the business appears to be actively marketing its services, the financial data indicates a need to manage expenses and improve collections. The increase in bank borrowings may be a short-term solution, but it also raises concerns about long-term financial health.

Registered in England/Wales under the registration number 10050792, with a registered address at CM23 3LF, England, Bishops Stortford, Hertfordshire, 1-2 Twyford Road Ind Estate, Twyford Road.

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