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Heating Trade Supplies Group Limited

09662995

active
Private Limited Company
Companies House
Health Score
79 / 100

Some Concerns

25/30
Filing
20/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • 3 outstanding charges (-6)

Details

TYNE VIEW TERRACE, WALLSEND, NE28 6SG
Incorporated 30/06/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46740
Wholesale of hardware, plumbing and heating equipment and supplies
47990
Other retail sale not in stores, stalls or markets

Officers

Mr Mustafa Erdem Baldudak

director · Since 01/11/2016

CHAIRMAN

BRITISH · ENGLAND · Age 38

Persons with Significant Control

Mr Mustafa Erdem Baldudak

75–100% shares

British · England · Age 38

Tyne View Terrace, Wallsend, NE28 6SG

Notified 30/06/2016

Former PSCs

Mr Mark Matteo

Ceased 14/01/2019

Mr Mark Matteo

Ceased 06/11/2020

Charges3 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 14/08/2023Registered 15/08/2023
Charge
outstanding

HSBC INVOICE FINANCE (UK) LTD

Created 21/04/2021Registered 21/04/2021
Charge
outstanding

HSBC BANK PLC

Created 08/05/2017Registered 10/05/2017

CompanyRankvs 563+ SIC 46740 peers
64

Financial strength83th percentile among SIC peers · 21/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.2× · 12/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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563Heating Trade Supplies Group Limited
74
How is this score calculated?
Financial strength21/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity11/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 30/06/2024

Net Worth

£371k

Balance sheet strength

Cash

£14k

Cash in the bank

Net Current Assets

£415k

Working capital

Current Assets

£2.5M

Current Liabilities

£2.1M

Fixed Assets

£113k

Debtors

£238k

48avg. employees+6

Balance Sheet

Assets less current liabilities£527k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20241.20+£91k
20231.17—

Derived from filed accounts. Not audited figures.