Therco - Serck Ltd

Therco Serck Ltd, based in Sheffield, UK, is a small holding company with an active status, established seven years ago in 2017. Employing 22 individuals, the company holds £2,352,050 in assets and operates from a virtual address, registered at Queen Street Chambers. It’s led by one director and one owner, and has been steadily importing iron or steel products for the past 22 months, while exporting machinery, boilers, and mechanical appliances—parts for 21 months.

The company specializes in heat transfer equipment, designing and manufacturing a range of products in Sheffield, at the heart of the UK's high-tech manufacturing industry. They cater to marine, power generation, petrochemical, oil, and gas markets, combining design with cutting-edge manufacturing techniques. Their website showcases a diverse range of products, including shell tube heat exchangers, industrial marine cooling products, and air-cooled heat exchangers. Testimonials from major clients like Caterpillar, ConocoPhillips, and SABIC highlight the company's commitment to quality and timely delivery. They even have a global partner network, spanning from Australia to South Africa.

Financially, Therco Serck Ltd presents a mixed picture. Cash bank holdings have increased dramatically, up 310% to £1,700,000, a positive sign. However, current assets have also risen by 20% to £2,400,000, while trade debtors have plummeted 72% to £230,000, which could indicate difficulties in collecting payments. Creditors have increased by 52%, reaching £820,000, and net losses have deepened, suggesting the company is burning through cash despite increased sales. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decrease in equity raises concerns. With no auditor mentioned, the financial statements are unaudited.

The company’s focus on high-quality heat transfer equipment and strong client relationships seems to be driving sales, but the financial data suggests a need for careful management of cash flow and debt collection. It’s a small company, and the figures are subject to change, but the trends are worth noting.

Registered in England/Wales under the registration number 10972519, with a registered address at S1 1WR, United Kingdom, Sheffield, Queen Street Chambers, 68 Queen Street.

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