Saveheat Glass Limited

Saveheat Glass Ltd, based in Greenock, UK, is a small holding company with an active status, having been founded eight years ago. Employing 32 people and holding £1,648,422 in assets, it operates from a real address and is led by one director and one owner. Boasting a perfect 5.0 Google rating from 11 reviews, the company is an irregular importer, primarily dealing with miscellaneous chemical products, with the last import operation occurring in November 2024.

The company’s website highlights Saveheat Glass as a supplier of glazing products to the glazing industry, offering a range of services including insulated glass units, safety glass, and decorative glass. It caters to both small and large-scale clients, showcasing a portfolio of completed projects across the UK. The website also features testimonials from satisfied customers, praising the company's timely deliveries, competitive pricing, and helpful staff. It appears to be a B2B operation rather than an e-commerce site, focusing on supplying glazing products to other businesses.

Financially, Saveheat Glass Ltd presents a mixed picture. While cash bank on hand decreased by 33% to £560,000, current assets also dropped by 8.7% to £1,600,000. However, trade debtors increased by 15% to £830,000, suggesting improved collections. Creditors decreased by 29% to £420,000, indicating better debt management. The company’s net assets remained stable at £1,400,000. A significant increase in amounts owed by group undertakings, rising 1700% to £77,000, is notable, but its impact on the company’s overall financial health is unclear. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the decrease in cash reserves warrants attention. Henderson & Company acted as the auditors.

Overall, Saveheat Glass Ltd seems to be navigating a period of change. While it maintains a strong reputation and a solid customer base, the financial data suggests it’s not burning through money, but it is facing some pressures. The increase in amounts owed by group undertakings could be a sign of increased inter-company activity, or it could indicate a need for closer financial monitoring.

Registered in Scotland under the registration number SC564943, with a registered address at PA15 4TU, Scotland, Greenock, 9 Baker Street.

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