Wills Hvac Services Limited

Wills HVAC Services Limited, based in Welwyn Garden City, UK, is a small, active company founded eleven years ago. With seven employees and £1,101,202 in assets, it operates from a real address and is led by two directors and a single owner—the solo founder. The company is an irregular importer, primarily dealing with electrical machinery and equipment, with just one month of imports recorded in the last year.

The company's website reveals a focus on bespoke controls systems for HVAC. It’s a family-run business with over 30 years of experience, offering design, manufacture, and installation services. They also provide energy monitoring, maintenance, and manufacturing projects. A separate division, 1066 Pianos, operates from Cambridge and even has a showroom in Harrods, specializing in high-end piano restoration—a surprising and prestigious diversification.

Financially, Wills HVAC Services Limited shows a mixed picture. Current assets increased by 20% to £1,100,000, while net assets grew by 33% to £950,000. Cash reserves saw a significant boost, rising 38% to £650,000. However, accrued liabilities deferred income increased by 120%, and corporation tax payable rose by 95%. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to small company exemption.

The increase in liabilities suggests the company is investing in its business—perhaps expanding its operations or stocking up on materials. The surge in bank borrowings, however, should be monitored. The dual focus on HVAC controls and high-end piano restoration presents an interesting dynamic—one grounded in practical engineering, the other in heritage and artistry. Whether this diversification strengthens or complicates the company’s long-term prospects remains to be seen.

Registered in England/Wales under the registration number 08596983, with a registered address at AL8 7NW, England, Welwyn Garden City, Hertfordshire, 59 Digswell Park Road.

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