Totalcool Ltd

Totalcool Ltd from Clitheroe UK: a small, active company founded nine years ago, employs six people, and holds £1,255,599 in assets. It’s a real address with one director and one owner, who is also the solo founder, running an e-commerce site. The company regularly imports electrical machinery and equipment (37 months) and exports machinery, boilers, and mechanical appliances; parts (34 months).

Totalcool operates as a premium cooling solutions provider, specializing in portable air coolers, fridges, power stations, and solar panels. Its website showcases a wide range of products catering to various activities like caravanning, motorhoming, camping, and off-grid living. The site also features a blog and customer reviews, emphasizing quality and reliability. They even have a showroom in the Ribble Valley.

Financially, Totalcool’s report paints a mixed picture. While current assets remain stable at £1,500,000, net assets took a big hit, dropping 94% to -£870,000. Bank borrowings increased significantly, rising by 96% to £60,000, and cash reserves decreased by 29% to £270,000. Creditors also decreased by 85%, which is a positive sign. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There's no mention of an auditor, which is common for small, exempt companies.

The substantial decrease in equity suggests the company may be burning through cash, perhaps due to increased investment in inventory or marketing. The increase in bank borrowings could be a response to this, or a strategic move to fund growth. It’s possible the company is experiencing typical startup challenges, or it could indicate a longer-term issue with profitability.

Registered in England/Wales under the registration number 09633704, with a registered address at BB7 1QS, England, Clitheroe, Unit 24 Deanfield, Link 59 Business Park.

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