Packaged Heat Limited

Packaged Heat Limited, based in Wigan, UK, is a small, active company founded six years ago in 2018. Employing just one person, the business holds £307,748 in assets and operates from a real address within the Wigan Investment Centre. It’s a family business with a single director and two owners, and it runs an e-commerce site. The company is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with the last import activity recorded two months ago in October 2024.

The company’s core business involves the manufacture of other fabricated metal products, operating within a niche sector. Its website, while basic, showcases its focus on metal fabrication and related services. It also owns Woodend Fabrications Limited, suggesting a broader manufacturing network.

Financially, Packaged Heat Limited presents a mixed picture. Current assets have increased by 63%, reaching £310,000, while cash reserves decreased slightly by 8.6% to £61,000. Bank borrowings have increased significantly, reaching £32,000, and creditors have also risen substantially, with both short-term and long-term liabilities increasing. The number of employees has tripled, from one to three, which could be a positive sign of growth, but it also increases operational costs. Despite these changes, the company’s net assets remain stable at £140,000. As a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it’s likely exempt from an audit, and the figures are unaudited.

The increase in bank borrowings and creditors, alongside the decrease in cash reserves, suggests the company may be investing in growth, but it's also burning through cash faster. The rise in employee numbers could be related to this expansion, or it could indicate increased workload. While the company's financials aren't alarming, it's important to monitor its cash flow and debt levels closely.

Registered in England/Wales under the registration number 11475951, with a registered address at WN3 5BA, United Kingdom, Wigan, Office G26, Ct3 Building Wigan Investment Centre, Waterside Drive.

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