Thermetal Limited

Thermetal Limited, based in Dudley, UK, is a small, active company founded 21 years ago. With six employees and £3,340,534 in assets, it’s a family-run operation led by two directors and a solo founder, Ian Nock. The company’s real address is at Unit E, Peartree Industrial Estate, and it’s been importing machinery, boilers, and mechanical appliances for 15 months, while exporting optical and medical tools and devices for 18 months.

The company’s website, Insulation Thermetal Industries, reveals a focus on thermal insulation and sheetmetal cladding services. Established in 2018, it boasts over 25 years of combined experience among its directors. The business caters to a wide range of sectors, including residential, commercial, industrial, marine, and mining, offering services like insulation installation, metal cladding fabrication, and roof plumbing. It also provides design, fabrication, and supply of sheet metal requirements. The company’s workforce has qualifications including sheetmetal trades persons, construction industry white cards, and safety rope systems setup.

Financially, Thermetal Limited presents a mixed picture. Cash bank on hand increased by 10% to £2.2 million, a positive sign, while creditors rose by 12% to £1.5 million. Current assets increased by 3.6% to £3.3 million, and fixed assets saw a massive 1900% increase to £71,000—likely due to investments in equipment. However, net assets remained steady at £1.9 million. Debtors decreased by 7.4%, which is good, but provisions for liabilities increased by 2000% to £13,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the increase in provisions warrants a closer look. The accounts are abridged and unaudited, and no auditor is mentioned, which is common for small companies.

Overall, Thermetal Limited seems to be holding its own, with a solid foundation in thermal insulation and sheetmetal services. The financial data suggests a company that is investing in its future, but also managing its liabilities carefully.

Registered in England/Wales under the registration number 04831889, with a registered address at DY2 0UW, England, Dudley, West Midlands, Unit E, Peartree Industrial Estate Crackley Way, Peartree Lane.

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