Mkw Heating Controls Ltd

Mkw Heating Controls Ltd from Bolton UK is a small, family-run business with an active status, having been founded 26 years ago. The company employs five people and holds £347,147 in assets. It operates from a virtual address, with four directors and two owners reported—though the list of owners hasn't been updated in nine years. Mkw Heating Controls Ltd is an irregular importer of optical and medical tools and devices, with just one month of import activity recorded, and a regular exporter of the same, with 55 months of export activity.

The company’s core business involves the wholesale of hardware, plumbing, and heating equipment and supplies. It appears to operate primarily as a business-to-business supplier, with no obvious e-commerce presence. While the company’s website isn't available, its listing on Companies House reveals a focus on providing heating solutions to trade customers.

Financially, Mkw Heating Controls Ltd shows some concerning trends. Current assets decreased by 23%, falling to £350,000, while net assets plummeted 35%, landing at £190,000. Bank borrowings increased by 2.2%, reaching £10,000, and cash reserves dropped 34%, sitting at £100,000. Creditors, however, decreased by 5.5%, suggesting some improvement in debt management. The company's small size—meeting two of three conditions for a small company—helps maintain agility, but the sharp decline in equity raises questions about its long-term stability. The accounts are unaudited, which is common for small companies, and no auditor is mentioned.

Despite these challenges, Mkw Heating Controls Ltd has a long history and appears to be a well-established player in its niche. Whether it can weather these financial pressures and continue its export success remains to be seen.

Registered in England/Wales under the registration number 03688310, with a registered address at BL1 4DH, England, Bolton, Hamill House, 112-116 Chorley New Road.

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