Rapid Heat Systems Limited

Rapid Heat Systems Ltd from Chester UK is a small, active company founded 21 years ago. With seven employees and £496,524 in assets, it’s a modest operation overseen by four directors and a single owner. The company boasts a real address and has been regularly importing electrical machinery and equipment for 30 months, and exporting for an impressive 62 months.

The company’s core business appears to be renting and leasing machinery, equipment, and tangible goods. While no website is available to analyze, this suggests a B2B focus, potentially supplying equipment to construction, manufacturing, or other industries. The company’s long history of importing and exporting suggests a well-established supply chain and a familiarity with international trade.

Financially, Rapid Heat Systems Ltd shows some concerning trends. While turnover remains undisclosed, net assets have fallen by a significant 35%, dropping to £510,000. Cash reserves have also decreased by nearly 30%, sitting at £240,000. Bank borrowings have increased, and trade debtors have risen by 3.1%, potentially indicating difficulties in collecting payments. However, creditors have also increased by 93%, suggesting a reliance on short-term financing. The company’s small size (meeting two of three conditions for being classified as small) allows for flexibility, but the decline in equity warrants closer scrutiny. The lack of an auditor mentioned is likely due to its status as a small, exempt company.

The company’s management team, consisting of four directors including Graham Paul James, appears stable, having been in place for a while. The decrease in the average number of employees from seven to six, while not drastic, could be a result of restructuring or cost-cutting measures. Overall, Rapid Heat Systems Ltd seems to be navigating a challenging financial period, but its established trading history and experienced management team offer some reassurance.

Registered in England/Wales under the registration number 05056810, with a registered address at CH4 8RW, Chester, Cheshire, Dragon Works, Chester Road, Saltney.

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