Underfloor Heating Merchants Ltd

Underfloor Heating Merchants Ltd from Perth UK: a small, active company established 20 years ago, employs nine people, and holds £471,031 in assets. It’s a family business with two directors and two owners, operating from a real address. The company regularly imports machinery, boilers, and mechanical appliances—parts, with 31 months of import activity recorded—and occasionally exports electrical machinery and equipment, with just one month of export activity as of May 2023.

The company’s core business revolves around the wholesale of hardware, plumbing, and heating equipment and supplies. While a central heating service is mentioned in Perth, Scotland, it’s unclear if this is a direct service offering or a related business. The company’s website is currently unavailable, making it impossible to assess its e-commerce presence or direct sales channels.

Financially, Underfloor Heating Merchants Ltd exhibits a mixed picture. Current assets have decreased by 25%, falling to £470,000. Bank borrowings have increased by 2,400% to £29,000, and cash reserves have fallen 26% to £210,000. Creditors have significantly decreased by 63%, suggesting improved debt management. The company meets two of three criteria to be considered small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). The decline in equity, however, is noticeable, though it is likely due to a decrease in retained earnings. As a small company, it is exempt from an audit, and the accounts are unaudited.

The company’s import activity suggests a reliance on external suppliers, while the limited export activity indicates a primarily domestic market focus. The decrease in cash reserves, combined with the increase in borrowings, warrants closer monitoring, though it’s not necessarily indicative of a crisis. The company’s long-standing presence and family ownership, however, suggest a degree of stability and resilience.

Registered in Scotland under the registration number SC280708, with a registered address at PH1 3FN, Perth, Perthshire, Ruthvenfield Grove, Inveralmond Industrial Estate.

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