Northern Gas Heating Limited

Northern Gas Heating Ltd from Basingstoke UK: a small, holding company with an active status, was founded 24 years ago in December 2000. Employing 24 people, the company holds £6,514,638 in assets, though its registered address is a virtual one, shared by thirteen other companies. It’s managed by three directors and has one owner, with a Google rating of 2.0 based on just four reviews. The company is a regular importer of electrical machinery and equipment, with six months of import activity recorded, the last being March 01, 2024.

The company operates in the plumbing, heat and air-conditioning installation, and other construction installation industries. Its website is non-existent, so it’s difficult to determine if it’s an e-commerce business.

Financially, Northern Gas Heating Ltd presents a mixed picture. Current assets have increased significantly by 620%, reaching £6,500,000, while net assets have improved by 37%, now at -£210,000. Bank borrowings have jumped 180%, reaching £56,000, and cash reserves have seen a dramatic increase, soaring 570% to £100,000. Creditors have also increased by 430%, now at £6,800,000. Trade debtors have risen sharply, increasing 610% to £800,000. The company meets the criteria for a small company, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no mention of an auditor, which is likely due to its small size and exemption from an audit.

Despite the positive trends in assets and cash, the high level of creditors and negative equity suggest the company is working with tight margins. The increase in bank borrowings could indicate a need for working capital, or perhaps investments in growth. The lack of online presence is a bit concerning, but the company's established industry presence and regular imports suggest it’s likely serving a network of existing clients.

Registered in England/Wales under the registration number 04122004, with a registered address at RG24 8PE, England, Basingstoke, Devonshire Business Centre Aviary Court, Wade Road.

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