Radical Heating Solutions Ltd

Radical Heating Solutions Ltd from Chorley UK: a small, active company founded 14 years ago, employs eight people, and holds £231,115 in assets. It’s a family business with two directors and two owners operating from a real address. The company regularly imports machinery, boilers, and mechanical appliances, with parts arriving every three months. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company specialises in underfloor heating and air source heat pumps, offering products and services to domestic and commercial customers. It operates an e-commerce website and even has a showroom in Harrods, London. The website highlights a range of products, including pipe manifolds, control packs, and thermostats, catering to both installers and end-users. It also offers bespoke system design services and technical support.

Financially, Radical Heating Solutions Ltd shows some concerning trends. Accumulated depreciation on property, plant, and equipment increased by 18%, while bank borrowings decreased by 13%. Cash bank on hand dropped 20%, and net assets plummeted 91% to just £2,100. Trade debtors increased by 24%, suggesting potential issues with customer payments. Creditors, however, decreased by 16%, which is a positive sign. The company’s small size helps it remain agile, but the significant equity decline raises questions. No auditor is mentioned, likely due to its status as a small company.

Overall, Radical Heating Solutions Ltd appears to be facing some financial headwinds despite its established presence in the underfloor heating market. The company’s focus on high-quality products and technical expertise may help it weather the storm, but close monitoring of its financial performance will be crucial.

Registered in England/Wales under the registration number 07592018, with a registered address at PR6 0BL, England, Chorley, Unit 7 Chorley Central Business Park, Stump Lane.

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