Warmup Plc

Warmup Plc, a holding company based in London, UK, has been a fixture in the electrical heating industry for 30 years. Established in 1994, the company employs 136 people and holds assets valued at £11.398 million. With a real address and six directors overseeing operations, Warmup Plc is a well-established business. The company’s single owner, Stimpson Andrew David, holds the reins. It operates an e-commerce site and maintains a 4.0 Google rating from 24 reviews. Warmup Plc is a regular importer and exporter of electrical machinery and equipment, with 181 months of import activity and 256 months of export activity, the latest in January 2025.

The company’s website showcases a wide range of underfloor heating solutions, from electric mats to water-based systems, catering to both new builds and renovations. It highlights its expertise in design, manufacture, and sale of underfloor heating and related products. The site also features a dedicated section for bathroom heating, including mirror demisters and towel heaters. Warmup Plc’s website clearly targets professionals, offering resources like buying guides, installation videos, and a project quote tool.

Financially, Warmup Plc’s recent performance presents a mixed picture. Current assets remained steady at £11 million, while net assets increased by 10% to £10 million. However, bank borrowings decreased significantly by 100% to zero, and cash reserves increased by 85% to £3.3 million. Creditors decreased by 16%, suggesting improved debt management. Retained earnings and accumulated losses increased by 340% to £950,000. The company’s net profit also increased by 100% to £1.1 million. The company’s deferred tax policy is to recognise taxation in the consolidated profit and loss account. The company’s research and development expenditure is written off in the year it is incurred.

Despite these positive trends, the company’s net losses deepened from -£10,000 to -£23,000, and trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms. The company’s financial statements are unaudited, and the company is exempt from reporting disclosure related party transactions for wholly owned entities. The company's auditor is Gravita Essex Limited.

Registered in England/Wales under the registration number 02955213, with a registered address at NW10 7UW, England, London, 704, Tudor Estate Abbey Road.

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