Mhg Heating Ltd

Mhg Heating Ltd from Cheam UK: a small, active company founded 17 years ago, employs three people, and holds £348,051 in assets. Operating from a virtual address, the company is led by one director and owned by a solo founder. It regularly imports machinery, boilers, and mechanical appliances—parts for 17 months—and exports electrical machinery and equipment for three months.

The company’s website showcases a wide range of heating systems and components, including gas-fired condensing boilers, commercial boilers from Gassero, and heat pumps. It also offers exploded spares diagrams for various brands, catering to both replacement parts and complete system restoration. The site’s e-commerce functionality allows customers to browse products and contact the company directly. The company operates in the manufacture of pumps industries.

Financially, Mhg Heating Ltd’s numbers show some interesting trends. Accumulated depreciation on motor vehicles increased significantly by 80%, while depreciation on computer equipment only rose by 81%. Advances to directors increased by 75%, and cash bank on hand decreased by 33%. Creditors decreased by 13%, and current assets also fell by 13%. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company’s assets are £348,051.

The sharp decrease in cash reserves and increase in bank borrowings could indicate that the company is burning through money, but the decrease in creditors suggests better debt management. The company’s small size helps it stay agile, but the equity drop raises questions. There was no auditor mentioned, so the figures rely on unaudited statements.

Registered in England/Wales under the registration number 06402684, with a registered address at SM2 6JT, Cheam, Surrey, Hayles Bridge Offices, 228 Mulgrave Road.

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