Thermokey Limited

Thermokey Ltd from Edenbridge UK: a small, active company founded six years ago, employs just one person, and holds £486,193 in assets. It’s a real address, managed by two directors and a solo founder, and regularly imports machinery, boilers, and mechanical appliances – parts for 21 months, with the last import operation in December 2024.

The company’s website showcases a diverse range of heat exchange solutions, catering to various industries. It’s clear Thermokey isn’t just a reseller; it’s a manufacturer and supplier of cooling and ventilation equipment. The site details a wide array of products, from dry coolers and remote condensers to unit coolers and coils, and even offers customization options and software solutions. There’s a strong emphasis on energy efficiency and sustainability, with sections dedicated to process cooling and OEM solutions. The website also highlights a partnership with the University of Udine, suggesting a commitment to innovation.

Financially, Thermokey Ltd’s report reveals a mixed picture. Cash bank on hand has dramatically fallen—a 99% decrease to just £1200. Trade debtors have exploded, increasing by 880% to £480,000, which might indicate a shift in payment terms or a larger volume of sales. Net assets have also declined by 11%, settling at £170,000. Bank borrowings, however, have remained stable at £10,000. It’s interesting to note that the company’s creditors have also increased significantly—a 410% jump to £300,000. The company’s small size—meeting two of three criteria for being small—helps with agility, but the sharp drop in cash reserves is something to watch. No auditor is mentioned, so the figures are unaudited.

Overall, Thermokey Ltd appears to be a specialized manufacturer navigating a period of change. The surge in trade debtors and the decrease in cash reserves suggest a need for careful financial management, but the company’s focus on innovation and its diverse product range position it well for future growth.

Registered in England/Wales under the registration number 11532974, with a registered address at TN8 6ED, Edenbridge, Kent, Agusta House, Commerce Way.

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