Soloheat Limited

Soloheat Ltd from Stroud UK is a small, active company founded 22 years ago, in 2002. It employs 11 people and holds £344,399 in assets. With a real address and four directors, it’s a well-established, albeit small, operation. The company is an irregular importer and exporter of electrical machinery and equipment, with recent activity recorded in May 2022 for imports and July 2024 for exports.

The company’s website reveals it’s a manufacturer of heating elements, specializing in cast aluminium, mica band, and ceramic knuckle heaters. They supply to a wide range of industries, including plastic and rubber producers, medical component manufacturers, and even aerospace and automotive sectors. They’re the only UK foundry producing cast aluminium heaters and aluminium bronze industrial electric heating elements, and even have a showroom in Harrods, London, through their piano restoration division. The website emphasizes bespoke solutions, a wide range of products, and a commitment to British craftsmanship. They even have a blog, which is nice.

Financially, Soloheat Ltd shows a mixed picture. While cash reserves increased by 35% to £180,000, net assets only increased slightly to £160,000. Bank borrowings decreased by 44%, which is good, but trade debtors also decreased by 19%, suggesting slower customer payments. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Depreciation charges increased, which is a little concerning, but could be due to increased investment in equipment. The company’s unaudited financial statements were prepared by GCSD Accountants Limited.

Overall, Soloheat Ltd appears to be a stable, if somewhat lean, operation. The company is holding its own, but the decrease in debtors suggests a need to focus on cash flow management. The company's diverse range of products and commitment to quality position it well for continued success.

Registered in England/Wales under the registration number 04461621, with a registered address at GL5 3LL, Stroud, Gloucestershire, Unit 2 Lightpill Trading Estate, Bath Road.

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