Radox Radiators Ltd

Radox Radiators Ltd is a small, active company based in Trowbridge, UK, established fifteen years ago in 2009. With four employees and £929,654 in assets, it operates from a real address and is overseen by two directors and one owner. The company regularly imports and exports electrical machinery and equipment, with 12 months of import activity and 18 months of export activity recorded. It’s a wholesale business, supplying hardware, plumbing, and heating equipment.

The company’s website is currently unavailable, making it difficult to determine the extent of its online presence. It’s likely that Radox Radiators Ltd primarily operates through trade shows, direct sales, and possibly smaller online platforms rather than a dedicated e-commerce site.

Financially, Radox Radiators Ltd presents a mixed picture. While the company’s assets remain relatively stable, some key metrics show concerning trends. Cash reserves have fallen by 32% to £110,000, and net losses deepened from -£10,000 to -£23,000. Bank borrowings have increased significantly, rising by 42% to £3,300. Creditors have also increased, rising by 17% to £430,000, suggesting potential difficulties in managing short-term debts. However, trade debtors have improved, rising by just 4% to £200,000. 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 flexibility, but the decline in equity raises questions about its long-term sustainability. The unaudited financial statements, exempt due to its small size, rely on director-reported data.

Despite these challenges, Radox Radiators Ltd appears to be holding its own. The consistent import and export activity suggests a stable customer base and ongoing demand for its products. However, the company will need to address its declining cash reserves and increasing debt load to ensure its continued success. The fact that there is no auditor mentioned is typical for small companies, but it does mean that the financial data is not independently verified.

Registered in England/Wales under the registration number 07056324, with a registered address at BA14 6RU, Trowbridge, Wiltshire, Unit 3 Midlands Industrial Estate, Holt.

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