Miles Better Heat Limited

Miles Better Heat Limited is a holding company registered in Liverpool, UK, with an active status. Founded three years ago in August 2021, the company operates from a real address at 14 Castle Street, Arete Offices, 1st Floor, L2 0NE, United Kingdom. It’s managed by five directors, including Healey Daniel, Lord Simon Martin, Hancock Ryan Paul, Hatton Ben, and Leah Adam John, and owned by Leah Adam. The company’s primary focus is retail sale via mail order houses or via internet industries. It owns a subsidiary, Miles Better Heat Bidco Limited.

The company’s website is currently unavailable, making it difficult to assess its e-commerce presence. However, the description suggests a retail operation focused on fireplaces, flues, and supplies.

Financially, Miles Better Heat Limited presents a mixed picture. While cash reserves have increased significantly to £1.6 million, comprehensive income expenses have plummeted to a loss of -£130,000. Creditors have also risen substantially, reaching £460,000, and bank borrowings have increased to £320,000. Trade debtors have decreased, suggesting better payment collection. The company's net assets have increased to £4.5 million, but the significant loss raises concerns about profitability. The company's assets have increased to £7 million, and staff costs have risen to £2.3 million. The company's auditors are Azets Audit Services.

Despite the losses, the increase in cash reserves suggests the company may be weathering the storm, perhaps through increased sales or external funding. The rise in staff costs and creditors, however, indicates growing operational expenses. It’s likely the company is investing in its business, but it needs to carefully manage its costs to ensure long-term sustainability.

Registered in England/Wales under the registration number 13574324, with a registered address at L2 0NE, United Kingdom, Liverpool, Merseyside, 14 Castle Street Arete Offices, 1st Floor.

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