Midtherm Flue Systems Ltd

Midtherm Flue Systems Ltd from Netherton, Dudley UK: holding company, active status, founded 56 years ago, 154 employees, £2,933,173 assets, real address, 7 directors, 2 owners, family business, google rating 5.0 based on 28 reviews. Regular importer of tanning and dyeing products (11 months imported). Regular exporter of machinery, boilers, and mechanical appliances; parts (7 months exported). Midtherm is a well-established British manufacturer with a rich history dating back to 1968. The company operates as a holding company, overseeing a range of divisions specializing in design and manufacturing solutions, including laser cutting, bending, fabrications, and flue systems. They cater to both domestic and commercial markets from their base in the Black Country.

The company’s website highlights its comprehensive manufacturing capabilities and commitment to quality, with a focus on creating "the perfect flow" for their customers. They even have a new stove, the Pyrus V, which is burning beautifully in store. Midtherm’s product range extends beyond flues, encompassing catering and sanitary equipment, fabrication services, and even air sanitizers. They supply nationwide and export to Hong Kong and the Middle East. Testimonials praise their reliable service, high-quality products, and British manufacture.

Financially, Midtherm’s recent report shows some interesting trends. While current assets remain substantial at £2.9 million, they have decreased by 34% compared to the previous year. This drop is accompanied by a significant decrease in net assets, down 16% to £2.9 million. Bank borrowings have increased dramatically, rising by 1,400% to £150,000, while cash reserves have fallen 29% to £110,000. However, creditors have also decreased by 49%, suggesting improved debt management. The company’s size (154 employees) and holding structure indicate a more complex operation than a simple retail business. The accounts are audited by French Ludlam & Co Limited.

The increase in bank borrowings and decrease in cash reserves could be attributed to investments in new equipment or expansion of operations. The decrease in current assets might reflect a shift in inventory management or changes in customer demand. Overall, Midtherm appears to be a stable, family-run business navigating the challenges of a competitive market—though a closer look at their individual divisions would provide a more complete picture of their financial health.

Registered in England/Wales under the registration number 00936960, with a registered address at DY2 8SY, England, Netherton, Dudley, West Midlands, Midtherm House Midtherm Business Park, New Road.

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