Underfloor Heat Store Limited

Underfloor Heat Store Limited is a small, active company based in London, UK, founded five years ago in 2019. It's a solo founder operation with one director and one owner, employing just one person and holding a modest £1 in assets. The company operates from a virtual address, registered at a location shared by 871 other businesses, and runs an e-commerce site.

The Underfloor Heating Store specializes in the wholesale and retail of hardware, plumbing, and heating equipment and supplies, catering to both consumer and trade customers. Its website showcases a wide range of underfloor heating systems, accessories, and related products, emphasizing fast delivery, expert advice, and a price-match promise. The site prominently features a "Bank Holiday Sale" and highlights its status as the "UK's 1 Underfloor Heating Store," having sold over 400,000 systems. It also offers a variety of services, including installation guides, expert advice, and a knowledge hub.

Financially, Underfloor Heat Store Limited’s recent report paints a concerning picture. Accumulated depreciation has completely wiped out the value of its computer equipment, and cash bank on hand is now zero. Current assets have plummeted to just £1, a significant drop from £31,000, and trade debtors have similarly fallen to £1. Equity has also vanished, with retained earnings and share capital both at zero. Bank borrowings have disappeared too. While creditors have also dropped, this doesn't necessarily indicate financial health. The company’s small size (meeting two of three criteria for a small company) means it’s exempt from an audit, so the figures are unaudited.

The sharp decline in assets and equity suggests the company may be burning through cash, potentially due to increased costs or decreased sales. It’s possible the company is undergoing a period of restructuring or facing challenges in its market. However, the continued operation of its e-commerce site and the ongoing marketing efforts indicate a determination to overcome these difficulties.

Registered in England/Wales under the registration number 12157963, with a registered address at SW19 2RR, United Kingdom, London, Office 9, Dalton House, 60 Windsor Avenue.

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