Hrs Heat Exchangers Limited

Hrs Heat Exchangers Limited, based in Watford, UK, is a small, holding company with an active status, having been established 28 years ago. The company employs ten people and holds £774,664 in assets. It operates from a real address and is overseen by four directors, with one owner reported. The business regularly imports machinery, boilers, and mechanical appliances, parts, with 31 months of import activity recorded.

The company's website showcases a wide range of heat transfer solutions, catering to environmental, food & beverage, pharmaceutical, and industrial sectors. It’s not primarily an e-commerce platform; instead, it acts as a detailed showcase of its products and services. The website highlights various heat exchangers, systems, and pumps, alongside applications like anaerobic digestion, pasteurisation, and concentration. Case studies demonstrate successful implementations across diverse industries, emphasizing the company’s expertise and technological capabilities. The site also features news, events, and resources, positioning Hrs Heat Exchangers as a thought leader in the heat transfer technology space.

Financially, Hrs Heat Exchangers Limited presents a mixed picture. Cash bank on hand decreased by 29% to £64,000, while current assets increased by 22% to £770,000. Trade debtors rose significantly by 30% to £480,000, suggesting potential delays in customer payments. However, creditors decreased by 57% to £51,000, indicating improved debt management. Net assets decreased by 17% to -£2,000,000, a substantial drop, and bank borrowings increased by 2,400% to £56,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the equity decline warrants attention. The accounts are unaudited, and no auditor is mentioned, likely due to the company’s small size.

The increase in debt and the decrease in equity could be a result of investment in new equipment or expansion of operations, or it could signal financial strain. The company’s continued import activity suggests ongoing demand for its products, but the long-term financial health will depend on its ability to manage its debt and improve profitability.

Registered in England/Wales under the registration number 03315082, with a registered address at BH16 6FA, England, Poole, Dorset, Lytchett House, 13 Freeland Park, Wareham Road.

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.