Electric Radiant Heating Systems Ltd

Electric Radiant Heating Systems Ltd, based in Bordon, UK, is a small, active company founded seven years ago. It employs three people and holds £12,374 in assets. The business has two directors but no reported owners, and operates as an irregular importer, primarily dealing in optical and medical tools and devices, with the last import occurring two months ago.

The company's website highlights its role as a supplier of electric heating systems, particularly underfloor and ceiling heating, and heating controls. It’s the UK distributor for ESWA, a brand with over 60 years of experience in electric heating systems. The website emphasizes its expertise, detailed customer service, and ability to design and install tailored heating solutions, offering both design & supply and full installation services. It even provides CAD drawings for installations.

Financially, Electric Radiant Heating Systems Ltd presents a mixed picture. While cash reserves have decreased significantly by 50% to £640, bank borrowings have increased by 16% to £8,100. Creditors have risen dramatically by 120% to £65,000, and trade debtors have remained relatively stable. The company’s net assets have declined by 100% to -£61,000, which is a concerning trend. Despite meeting two of three conditions to be considered a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), the decrease in equity suggests the business is burning through cash, potentially due to increased costs or slower sales. The lack of an auditor mentioned is typical for small companies.

It seems the company is navigating a challenging period, with rising costs and declining equity. Whether the business can sustain its growth and profitability remains to be seen, but its focus on quality products and customer service could prove vital in the long run.

Registered in England/Wales under the registration number 10899902, with a registered address at GU35 9QF, England, Bordon, Hampshire, 70 Woolmer Way.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.