The Infra Red Heater Company Ltd

The Infra Red Heater Company Ltd from Bolton UK: a small, active company founded eight years ago, employs three people, and holds £643,428 in assets. It’s a real address, with two directors and two owners at the helm, and operates an e-commerce site. The company regularly imports electrical machinery and equipment—twenty-three months worth, with the last import occurring in November 2024.

The company’s website, Infrared Heaters Direct, showcases a wide range of infrared heating solutions, from panels and patio heaters to commercial systems. It caters to both residential and commercial customers, offering a variety of brands like Herschel, Technotherm, and Ecostrad. The site is clearly designed for e-commerce, with detailed product descriptions, customer reviews, and a user-friendly shopping cart. It’s a modern and professional online store.

Financially, The Infra Red Heater Company Ltd presents a mixed picture. While current assets increased by 10% to £640,000, cash reserves decreased by a significant 52% to £160,000. Bank borrowings increased dramatically by 2,400% to £29,000, and debtors jumped by a whopping 3,200% to £180,000. Creditors decreased by 46% to £30,000, which is a positive sign. The company meets two of the three criteria to be considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees). The sharp decrease in cash reserves and the increase in debtors could indicate a period of rapid growth or potentially, some cash flow challenges. With no auditor mentioned, the financial statements are unaudited.

It seems like The Infra Red Heater Company Ltd is expanding its operations, but it’s important to monitor its cash flow and debt management closely. The company’s focus on e-commerce and its diverse product range suggest a strong foundation for future growth, but the financial figures highlight the risks associated with scaling a small business.

Registered in England/Wales under the registration number 10137427, with a registered address at BL4 9TB, United Kingdom, Bolton, 13 Wordsworth Avenue, Farnworth.

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