Stonegrove Refrigeration Services Limited

Stonegrove Refrigeration Services Ltd from Harlow, UK, is a small, family-run business with an active status, celebrating 23 years since its founding in 2002. Employing 40 people, the company holds £1,292,449 in assets and operates from a real address at Harlow Business Park. Two directors and two owners, likely members of the same family, steer the business, which currently enjoys a perfect 5.0 Google rating based on three reviews. They are an irregular importer, with Machinery, boilers, and mechanical appliances; parts being their top import category, last imported two months ago in March 2023.

The company's website highlights its expertise in industrial, commercial, and residential refrigeration and air conditioning services. Stonegrove Refrigeration offers a wide range of cooling services including consultation, design, refrigeration system selection, installation, commissioning, service and maintenance. They work with customers to identify their needs, ensuring the best possible solution. The website also features case studies and an opportunity to request a callback for sales and service inquiries. It’s clear they are focused on providing comprehensive solutions, from design to maintenance, and emphasize quality and customer service.

Financially, Stonegrove Refrigeration shows some concerning trends. Current assets decreased by 13%, falling to £1,300,000, while net assets dropped 22%, reaching £650,000. Bank borrowings have surged a massive 440%, reaching £97,000, and cash reserves have fallen 6.4% to £640,000. Trade payables have decreased by 62%, suggesting better debt management, however, trade debtors have increased by 890%, which could indicate payment delays. The company meets two of the three criteria to be considered a small company. With no auditor mentioned, the financial statements are unaudited.

Overall, Stonegrove Refrigeration appears to be a well-regarded business facing some financial headwinds. The surge in borrowings and increase in trade debtors suggest a need to manage cash flow effectively. Despite these challenges, their strong Google rating and focus on quality services indicate a solid foundation for future success.

Registered in England/Wales under the registration number 04438155, with a registered address at CM19 5QE, Harlow, Essex, Unit 36 Greenway Business Centre, Harlow Business Park.

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