Stove Industry Supplies Limited

Stove Industry Supplies Ltd from Blackpool UK is a small, active company founded ten years ago in 2014. Employing sixteen people, it holds £805,016 in assets and operates from a real address. With three directors and one owner, the company is an irregular importer of machinery, boilers, and mechanical appliances, parts—the last import operation was made on November 01, 2024.

The company’s website showcases a comprehensive range of stove parts, including glass, fire bricks, rope seals, and flue systems. It appears to be primarily an e-commerce business, offering a wide selection of products for stove maintenance and repair. The site also highlights a training centre and blog, suggesting a commitment to customer education and support. There’s a trade-friendly section, indicating a focus on wholesale or bulk sales.

Financially, Stove Industry Supplies Ltd’s report reveals some interesting trends. While cash reserves increased by 70% to £100,000, net assets decreased by 23% to £200,000. Bank borrowings increased by a significant 120%, reaching £24,000—a possible sign of investment or working capital needs. Creditors also rose, by 88%, to £240,000, which could be related to increased inventory purchases. The number of employees increased by 25%, to twenty, which is a positive sign of growth. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The report is unaudited, as is typical for small companies.

Overall, Stove Industry Supplies Ltd seems to be navigating a period of growth, but with some financial pressures. The increase in borrowings and creditors suggests a need to carefully manage cash flow. The company's focus on specialist parts and training could provide a competitive advantage, but it will need to ensure it can meet the demands of its growing customer base.

Registered in England/Wales under the registration number 09202862, with a registered address at FY3 7UN, Blackpool, 103 - 105 Mowbray Drive.

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