Magnum Heating Ltd.

Magnum Heating Ltd from Tain UK: a small company, holding company, with an active status, was founded 28 years ago in 1996. It employs five people and holds £567,677 in assets, operating from a virtual address. With four directors and two owners, the company regularly imports optical and medical tools and devices—a total of 39 months of import activity, with the latest operation occurring in February 2025.

The company’s website showcases a wide range of heating solutions, from underfloor heating to ceiling heaters and mirror heating. It appears to be primarily an e-commerce business, selling directly to consumers and installers. The site highlights Klima, a brand of underfloor heating systems, and offers a range of products including thermostats, safety equipment, and trace heating for outdoor applications. It’s a B2B model, selling to installers and bathroom specialists, and even has a dedicated section for technical wholesalers. The website also emphasizes its commitment to sustainability, with a focus on energy-efficient heating solutions.

Financially, Magnum Heating Ltd presents a mixed picture. Current assets decreased by 12% to £570,000, while net assets remained steady at £310,000. Bank borrowings, however, have fluctuated, with a decrease in non-financial instruments between two and five years. Creditors also decreased by 5.8%, suggesting improved debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 10 employees. The lack of an auditor is likely due to its small size.

The company’s financial data suggests a stable, albeit not rapidly growing, business. The decrease in assets and the fluctuations in bank borrowings may indicate challenges in managing cash flow, but the overall financial picture isn't alarming. It's likely the company is navigating the current economic climate, focusing on maintaining its position in the heating solutions market.

Registered in Scotland under the registration number SC170867, with a registered address at IV19 1BJ, Scotland, Tain, 10 Knockbreck Street.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.