Radiator Group Ltd

Radiator Group Ltd, based in Romney Marsh, UK, is a small, active company established nine years ago in 2016. It employs just one person and holds £96,076 in assets. Owned and directed by Nowakowski Marcin Tomasz, the company operates from a real address and is a solo founder venture. It regularly imports vehicles, parts, and accessories—a consistent activity spanning 14 months, with the last import in November 2023. The company also occasionally exports machinery and related parts, with two months of export activity recorded as of March 2024.

The company’s website, The Radiator Company, focuses on selling designer radiators, towel rails, and related accessories. The site features an extensive range of styles, materials, and finishes, catering to both residential and commercial customers. It offers free UK delivery, a minimum 10-year guarantee, and a BTU calculator to help customers determine the right radiator size for their needs. The website also highlights a new electric range and emphasizes its Italian heritage, partnering with the IRSAP group. It has a nice showroom and a good history.

Financially, Radiator Group Ltd shows a mixed picture. Current assets decreased by 28% to £96,000, while net assets declined by 13% to £93,000. Cash bank on hand dropped dramatically, falling 100% to zero—a significant change. Trade debtors increased substantially, rising 210% to £96,000, which could indicate delayed payments or a strategic move to offer more credit. Creditors also decreased, falling 86% to £3,700, suggesting improved debt management. 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 it to remain nimble, but the sharp decline in cash reserves is something to keep an eye on. As a small company, it’s exempt from an audit, so the figures are unaudited.

It's a little concerning that the cash reserves are gone, but the increase in debtors suggests that the company may be able to recover some of that soon.

Registered in England/Wales under the registration number 10016925, with a registered address at TN29 0DZ, England, Romney Marsh, Unit 3 Westgate Industrial Estate, Newchurch.

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