Thermic Technology Limited

Thermic Technology Ltd, based in Chorley, UK, is a small, active company established 22 years ago. With three employees and £814,854 in assets, it’s a modest operation overseen by three directors and a single owner. The company maintains a real address, suggesting a physical presence, and has been around since October 2002. It’s a bit of an irregular importer, bringing in machinery, boilers, and mechanical appliances, parts, though only for two months out of the last few years, with its last import operation in September 2020. However, it’s a regular exporter, shipping aluminum and aluminum products for three months, with the last shipment occurring in January 2024.

The company’s website is non-existent, which means it doesn’s likely to be an e-commerce business. Instead, it seems to operate behind the scenes, perhaps supplying components or providing specialized services. Thermic Technology Ltd operates in the manufacture of ceramic insulators and insulating fittings industries.

Financially, the company’s performance presents a mixed picture. Current assets have decreased by 16% to £810,000, while net assets have increased by 19% to £720,000. Cash reserves have decreased by 37% to £410,000, which is a bit concerning, but it’s offset by a significant decrease in creditors – a 60% drop to £160,000. Trade debtors have increased by 14% to £240,000, which could indicate a shift in payment terms or increased sales. 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 decline in cash reserves warrants attention. There is no auditor mentioned, which is common for small companies.

Overall, Thermic Technology Ltd appears to be holding its own, but the decreasing cash reserves suggest it may be burning through money a little faster than it’s bringing it in. The company’s long history and established export business are positives, but keeping a close eye on its cash flow will be important for its continued success.

Registered in England/Wales under the registration number 04550980, with a registered address at PR6 9FE, England, Chorley, Unit 11 Moorland Gate Business Park, Cowling Road.

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