Thermal Hire Ltd

Thermal Hire Ltd, based in Southport, UK, is a small, active company celebrating its 50th anniversary this year. Founded in 1974, the company employs 47 people and holds £4,373,117 in assets. It operates from a virtual address – fifteen companies registered at the same address – and is overseen by three directors and one owner. The company regularly imports and exports electrical machinery and equipment, with 56 months of import activity and 358 months of export activity recorded.

Thermal Hire Ltd specializes in furnace site heat treatment, offering services, equipment hire, and sales to the metal and refractory industries. Its website showcases a range of services, including on-site heat treatment, in-house treatment, and equipment sales. It also operates a division focused on piano restoration, with a showroom in Harrods, London. The company’s website highlights its commitment to British craftsmanship and customer support.

Financially, Thermal Hire Ltd shows a mixed picture. Cash bank on hand increased significantly by 68%, reaching £1,300,000, while net assets increased by 4.9% to £5,900,000. Trade debtors decreased by 6.8% to £1,200,000, suggesting improved collection efforts. However, creditors increased by 27% to £610,000, and bank borrowings decreased by 56% to £17,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in creditors could signal a need for careful financial management. The company is exempt from an audit as a small company, and the figures are unaudited.

Overall, Thermal Hire Ltd appears to be a stable business with a long history, but it’s important to monitor its debt levels and ensure continued financial health. The dual focus on heat treatment and piano restoration presents both opportunities and challenges, and the company's success will depend on its ability to effectively manage both divisions.

Registered in England/Wales under the registration number 01174472, with a registered address at PR9 0UE, Southport, Merseyside, 1st Floor, 8-12 London Street.

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