Still Induction Heating Limited

Still Induction Heating Limited, based in Droitwich, UK, is a small, active company founded thirteen years ago. With four employees and £136,219 in assets, it operates from a real address and is led by two directors and a single owner. The company specializes in the installation of industrial machinery and equipment, and irregularly imports electrical machinery and equipment, with the last import operation occurring in December 2024. Its website highlights the design and manufacture of induction heaters, offering a range of models for various applications, from jewellery work to forging and heat treatment. They also provide services like application testing, demonstrations, and equipment rental.

The company’s website showcases a diverse range of products and services, including bespoke heating solutions, application testing, and equipment rental options. They cater to industries such as automotive, EV production, and medical devices, demonstrating a broad market reach. The emphasis on 30 years of experience and UK-based manufacturing reinforces a commitment to quality and expertise.

Financially, Still Induction Heating Limited presents a generally positive picture. Cash bank on hand has increased by a significant 43%, rising to £58,000, and net assets have grown by 50%, reaching £97,000. Current assets have also seen a healthy increase of 83%, reaching £140,000. However, trade debtors have risen substantially, increasing by 130% to £78,000, which could indicate challenges in collecting payments. Creditors have also increased, though at a more modest 160%, reaching £54,000. The company meets the criteria for a small business, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 25 employees. As a small company, it is exempt from an audit, and the financial statements are unaudited. The company’s retained earnings have increased significantly, suggesting profitability, but the rise in debtors warrants attention.

Registered in England/Wales under the registration number 07733405, with a registered address at WR9 7QL, Droitwich, Worcestershire, 15 Cedar Close.

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