Studrock Industrial Boilers Ltd

Studrock Industrial Boilers Ltd from Lichfield UK: a small company, holding company, with active status, was founded 23 years ago. It employs ten people and holds £1,055,672 in assets. The company has a real address, two directors, and one owner. It’s an irregular importer of clocks, watches, and their parts, with just one month of imports recorded as of August 2023.

The company’s website clearly states its focus: providing comprehensive boiler repair, servicing, and maintenance. It offers a wide range of services, from annual insurance and coded welding to chemical descaling and burner servicing. They even handle new boiler installations and modifications. The website emphasizes a “lifetime of care” approach and boasts a 40-year track record, highlighting their commitment to quality workmanship and a “right first time” philosophy. They even have a section dedicated to showcasing their work on a brewing facility, where they quickly resolved a safety valve failure.

Financially, Studrock Industrial Boilers Ltd presents a mixed picture. While the company’s net assets grew by 11% to £550,000, cash reserves fell 17% to £530,000. Bank borrowings decreased by 17% to £28,000, suggesting improved debt management. Trade debtors increased by 52% to £440,000, which could indicate delayed customer payments or a strategy of extending credit. The company’s small size—meeting two of three criteria for a small company—helps it stay flexible, but the increase in debtors warrants further investigation. Depreciation for plant machinery also increased by 16%, which may be due to increased usage or investment in new equipment. As a small company, it’s likely exempt from an audit, so the figures are unaudited. The company’s auditor is Windsors Rybridge Ltd.

Registered in England/Wales under the registration number 04385037, with a registered address at WS14 9UY, Lichfield, Staffordshire, Unit 51 Britannia Way, Britannia Enterprise Park.

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