Midlands Heating Solutions Limited

Midlands Heating Solutions Ltd from Brierley Hill UK: a small, active company founded twelve years ago, employs six people, and holds £1,067,104 in assets. It’s a family business with one director and two owners, operating from a real address and regularly importing machinery, boilers, and mechanical appliances—parts for seven months, with the most recent import in November 2024. The company’s core business involves plumbing, heat, and air-conditioning installation.

While small (meeting two of three conditions for a small company: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), Midlands Heating Solutions Ltd's financial picture reveals some concerning trends. Cash reserves have fallen by a significant 75% to £17,000, while bank borrowings have increased by 2.5% to £10,000. Creditors have also risen by 4.3% to £110,000. On a positive note, accrued liabilities have decreased by 47%, and net assets have increased by 51%. The company's trade debtors have increased by 62%, suggesting a possible reliance on customer payments.

The company’s equity has increased by 51%, which is good, but the decrease in future finance charges on finance leases by 48% is a little worrying. The company’s total assets less current liabilities have increased by 120%, which is a good sign. The company's financial statements are unaudited, as is common for small companies. It’s difficult to say exactly what’s driving these changes without more information, but it's likely a combination of factors related to the current economic climate and the company's specific business operations.

Registered in England/Wales under the registration number 08382849, with a registered address at DY5 2YX, England, Brierley Hill, Unit 2 Two Woods Trading Estate, Talbots Lane.

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