Pwe Heat & Power Ltd

Pwe Heat & Power Ltd, based in Scarborough, UK, is a small, active company founded eight years ago. With just one employee and £958,054 in assets, it operates from a virtual address shared by many other businesses. The company is led by three directors and owned by two individuals, Akhtar Fameed and Brown Richard. It’s an irregular importer, primarily dealing in wood and wood products, with the last import operation occurring two months ago in March 2024.

The company’s website highlights its focus on biomass fuel, particularly refined olive stones, as a sustainable alternative for heat and power producers. It positions itself as having over twelve years of experience in the fast-growing biomass fuel supply market and boasts a UK-based operation with an international outlook. The site also mentions a separate venture, 1066 Pianos, which specializes in high-end piano restoration, indicating a possible diversification of business interests.

Financially, Pwe Heat & Power Ltd presents a mixed picture. While current assets have increased by a significant 58%, to £960,000, net assets have also seen a substantial jump of 140%, reaching £180,000. Bank borrowings have decreased by 25%, and cash reserves have fallen by 18%, to £240,000. Creditors have increased by 11%, and trade debtors have risen by 110%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increased trade debtors suggest a possible challenge in collecting payments. No auditor is mentioned, indicating exemption as a small company. The company's increased liabilities and a decrease in cash reserves, while not necessarily alarming, could indicate the company is burning through money faster than it’s bringing it in.

Registered in England/Wales under the registration number 10773294, with a registered address at YO11 3TU, England, Scarborough, North Yorkshire, 5&6 Manor Court Manor Garth.

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