Thermal Transfer Technology Limited

Thermal Transfer Technology Ltd, based in County Durham, UK, is a well-established manufacturer with a 32-year history. The company, currently active, employs 89 people and holds assets worth £4,514,887. With a yearly revenue of £8,582,077, it’s a sizable operation, meeting two of the three criteria to be considered a "large" company. Six directors oversee the business, which is ultimately owned by Thomsen Anders Gudme. The company boasts a respectable 4.0-star Google rating from eight reviews.

The company specializes in manufacturing heat exchangers for various applications, including refrigeration, air conditioning, and power generation. Their website highlights a focus on custom-built equipment and a commitment to quality, referencing ISO 9001 certification and PED certification. They also have a Seaham Grange Industrial Estate location and a dedicated sales team. Recent news updates on their website include Brexit updates, announcements about completed units, and seasonal factory closure notices.

Financially, Thermal Transfer Technology Ltd presents a mixed picture. While turnover increased by 3.7% to £8,600,000, net assets decreased by 13% to £2,100,000. Bank borrowings increased by 20% to £900,000, and cash reserves declined by 10% to £290,000. Creditors, however, decreased by 15%, suggesting improved debt management. The company’s audit fees increased by 60% to £19,000, and administrative expenses rose significantly by 39% to £1,700,000. The lack of a mentioned auditor is likely due to the company’s size and exemption from mandatory audits.

Overall, Thermal Transfer Technology Ltd appears to be a stable, long-standing manufacturer, but the decrease in net assets and increased expenses warrant closer monitoring. The company's focus on specialized heat exchangers and commitment to quality, however, position it well for continued success in its niche market.

Registered in England/Wales under the registration number 02754482, with a registered address at SR7 0PU, County Durham, Hall Dene Way Seaham Grange Ind, Seaham Hall Dene Way.

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