Thermex Limited

Thermex Limited, a UK-based company from Redditch, is a large, active business established 45 years ago in 1979. With 58 employees and £6,764,195 in assets, it's a significant player in the heat exchanger market. The company, which has one director and one owner, maintains a real address and boasts a stellar 5.0 Google rating based on two reviews. Thermex is a regular importer and exporter of machinery, boilers, and mechanical appliances, with a long history of 223 months of import activity and 58 months of export activity.

The company's website showcases Thermex as a manufacturer of heat exchangers, specializing in shell tube, hydraulic oil coolers, and finned tube designs. They serve a wide range of industries, including Caterpillar, Volvo Penta, and even the Ministry of Defence. The website highlights their expertise in British heat exchanger design and manufacturing, emphasizing engineering excellence and innovation. They also offer spares, service kits, and even case studies demonstrating their solutions, such as enhancing electric motor performance with heat exchangers.

Financially, Thermex Limited shows a mixed picture. While turnover increased by 10% to £8.5 million, profits dipped slightly to £630,000. Current assets increased by 13% to £6.8 million, which is good news, but bank borrowings decreased by 27% to £740,000. Staff costs increased by 34% to £2.3 million, which could be attributed to increased demand or investment in personnel. The company’s net assets grew by 24% to £3.2 million. The accounts, audited by Burgis & Bullock, show a company that’s holding its own, but facing some pressures from rising staff costs. It's a large company, meeting two of three criteria for a large business.

Registered in England/Wales under the registration number 01420384, with a registered address at B98 9HL, Redditch, Worcs, Merse Road, North Moons Moat.

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