Think Electric Heating Ltd

Think Electric Heating Ltd, based in Ellesmere Port, UK, is a small, active company founded nine years ago. With two employees and £405,495 in assets, it’s a solo-founded operation managed by three directors and a single owner. The company regularly imports electrical machinery and equipment – 56 months of import activity recorded – and has dabbled in exporting furniture, lighting, and prefabricated buildings, with just one month of export activity. It operates from a real address, registered as Unit 14 Elm Court, Newbridge Road, CH65 4LY.

The company’s website, thinkelectricheating.co.uk, focuses on hot water solutions, particularly those utilizing Sunamp technology. It’s an e-commerce site, but not in the traditional sense. Instead, it acts as a portal for finding and installing Sunamp’s innovative hot water systems. The site emphasizes the benefits of these systems – fast delivery, eco-credentials, and installer courses – and directs customers to find qualified plumbers and heating engineers. It even offers a bespoke delivery service, using specialized equipment to handle the systems safely. The site doesn't offer direct sales, but rather connects customers with a network of approved installers.

Financially, Think Electric Heating Ltd shows some concerning trends. Current assets decreased by 20% to £410,000, while net assets plummeted 36% to £100,000. Bank borrowings decreased by 32%, reaching £22,000, and cash reserves fell 65% to £38,000. Trade debtors decreased by 52%, suggesting better debt management, but creditors also decreased significantly, which could indicate a need for more working capital. 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 remain agile, but the equity drop is a cause for concern. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Think Electric Heating Ltd appears to be navigating a challenging period. While its focus on Sunamp technology and installer network positions it well in the hot water market, the financial figures suggest it’s burning through money. The company’s success will likely depend on its ability to maintain its installer network and secure new business.

Registered in England/Wales under the registration number 10131874, with a registered address at CH65 4LY, United Kingdom, Ellesmere Port, Unit 14 Elm Court, Newbridge Road.

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