THERMAL HIRE LTD Financials
- Company number
- 01174472CopyCopy
- Registered office
- 1st Floor, 8-12 London Street, Southport, Merseyside PR9 0UE
- Incorporated
- 19/06/1974
Company snapshot
- Status
- Active
- Employees
- 49 (2025)
- Latest financial data
- 2025
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2022–2025.
Net Assets
-1.05%vs 20242024: £5.94M
Total Assets
-4.19%vs 20242024: £8.27M
Cash in Bank
9.77%vs 20242024: £2.08M
Total Liabilities
-21.41%vs 20242024: £860.41K
Employees
+4vs 20242024: 45
In 2025, THERMAL HIRE LTD reported net assets of £5.88M. The same filing shows total assets of £7.92M, cash in bank of £2.28M and total liabilities of £676.19K. Reported headcount was 49 in 2025. Total Assets fell from £8.27M in 2024 to £7.92M in 2025 (-4.19%). Okredo holds filed figures for 2022–2025; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-1.05%from £5.94M in 2024Year-on-year change
Net Assets as filed for 2022–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures THERMAL HIRE LTD filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
+<0.1%vs 2023+<0.1% a year compound (CAGR)
Cash in Bank
+80.2%vs 2023+34.2% a year compound (CAGR)
Total Assets
-3.1%vs 2023-1.6% a year compound (CAGR)
Total Liabilities
-13.1%vs 2023-6.8% a year compound (CAGR)
Employees
+11.4%vs 2023+5Biggest increase
Cash in Bank+80.2%
£1.27M in 2023 to £2.28M in 2025
Biggest decrease
Total Liabilities-13.1%
£778.25K in 2023 to £676.19K in 2025
THERMAL HIRE LTD's filings pull in both directions between 2023 and 2025. The steepest rise came in cash in bank, pointing to a more liquid cash position, set against a fall in total liabilities, pointing to lighter outstanding obligations. See the full year-by-year figures.
Ratios from the filed figures
Calculated from THERMAL HIRE LTD's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 74.19%2025
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 8.54%2025
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 337.31%2025
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 28.80%2025
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for THERMAL HIRE LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Net Assets£ | 5.59M | 5.87M | 5.94M | 5.88M |
| Total Assets£ | 7.91M | 8.17M | 8.27M | 7.92M |
| Cash in Bank£ | 751.96K | 1.27M | 2.08M | 2.28M |
| Total Liabilities£ | 678.90K | 778.25K | 860.41K | 676.19K |
| Employees | 47 | 44 | 45 | 49 |
THERMAL HIRE LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for THERMAL HIRE LTD covering 2022–2025, across 5 reported indicators. The most recent reported year is 2025.
THERMAL HIRE LTD reported net assets of £5.88M for 2025. That compares with £5.94M in 2024, a change of -1.05%.
THERMAL HIRE LTD reported total assets of £7.92M for 2025. That compares with £8.27M in 2024, a change of -4.19%.
THERMAL HIRE LTD reported cash in bank of £2.28M for 2025. That compares with £2.08M in 2024, a change of 9.77%.
THERMAL HIRE LTD reported 49 employees in 2025, compared with 45 in 2024.
Between 2023 and 2025, THERMAL HIRE LTD's net assets rose by <0.1%, cash in bank rose by 80.2%, total assets fell by 3.1% and total liabilities fell by 13.1%. Net assets compounded at <0.1% a year across the two years to 2025, from £5.87M to £5.88M. Reported headcount went from 44 in 2023 to 49 in 2025 (+5).
Okredo holds reported figures for the years 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.