Mirrorstone Heating Limited

Mirrorstone Heating Ltd from Hamilton UK: a small, active company founded nine years ago, employs seven people, and holds £1,716,087 in assets. It operates from a virtual address, managed by four directors and four owners – a family business. The company regularly imports electrical machinery and equipment (seven months), but exports are less frequent (two months). 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.

Mirrorstone Heating specializes in infrared heating solutions, offering a wide range of panels, bar heaters, and custom designs. Its website showcases a modern aesthetic and energy-efficient benefits, encouraging visitors to request a free catalogue. The company targets both residential and commercial customers, highlighting cost savings, eco-friendliness, and stylish design. It even offers custom image panels, allowing customers to personalize their heaters.

Financially, Mirrorstone Heating Ltd shows a mixed picture. Cash bank on hand increased significantly, jumping 86% to £660,000, which is good news. However, creditors rose 45% to £410,000, and trade debtors decreased by 19% to £610,000 – a possible sign of slower payments. Finished goods increased by a whopping 150% to £240,000, which could indicate a buildup of inventory. The company’s net assets grew 24% to £1.3 million, which is positive. The increase in other taxation and social security payable by 220% to £270,000 is something to keep an eye on. With no auditor mentioned, the figures are unaudited.

Overall, Mirrorstone Heating appears to be a growing business, but it's important to monitor its debt levels and inventory management to ensure continued financial health.

Registered in England/Wales under the registration number 10107661, with a registered address at LE4 9LJ, United Kingdom, Hamilton, 21 High View Close, Hamilton Office Park.

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