HVAC & REFRIGERATION ENGINEERING LIMITED
Company number SC199288 · Monitor this company
Executive summary
HVAC & Refrigeration Engineering Limited exhibited strong standalone growth in 2019, transforming a near-break-even performance into a £689k profit and bolstering net assets to £5.27m. However, the planned "hive-up" of trading operations to its parent company, combined with reliance on group-level debt restructuring and depleted standalone cash reserves, fundamentally undermines its standalone creditworthiness. New facilities must be conditional on group guarantees and updated financials confirming post-2020 trading stability.
Shareholders' funds
£5,272,644
Balance sheet as at 2019-12-31
What it does
The principal activity of the company continued to be that of the provision of heating, ventilation, air conditioning and refrigeration services, primarily to the offshore sector.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 1999-08-27
- Employees
- 79 (2019 accounts · was 75 in 2018)
- Registered office
- Unit 4c The Core, Berryhill Crescent, Bridge Of Don, Aberdeen, United Kingdom, AB23 8AN
- Postcode
- AB23 8AN
- Capital
- 831 GBP
- Accounts category
- Audit Exemption Subsidiary
- Charges
- 2 outstanding
Accounts
- Last made up to
- 2025-05-31
- Next due by
- 2027-02-28
- Financial year end
- 31 May
Confirmation statement
- Last statement dated
- 2026-07-18
- Next due by
- 2027-08-01
Nature of business (SIC)
- 9100 Support activities for petroleum and natural gas mining
Officers 4 current · 21 resigned
Group structure
Controlled by BEECHBROOK PRIVATE DEBT III GENERAL PARTNER LIMITED — since 2021-06-01
Controlled by NATWEST FIS NOMINEES LIMITED — since 2016-07-11
Controlled by NUCORE GROUP LTD. — since 2016-07-11
From persons-with-significant-control filings on the public register.
Previous registered addresses 6
| Address | Changed on |
|---|---|
| UNIT 4C THE CORE BUSINESS PARK, BRIDGE OF DON, ABERDEEN, ABERDEENSHIRE, AB23 8BD, SCOTLAND | 2017-03-22 |
| TEMPLARS HOUSE SOUTH DEESIDE ROAD, MARYCULTER, ABERDEEN, AB12 5GB | 2016-02-11 |
| UNIT A BROADFOLD ROAD, BRIDGE OF DON, ABERDEEN, AB23 8EE | 2015-06-09 |
| UNIT 12, DENMORE INDUSTRIAL, ESTATE, DENMORE ROAD, BRIDGE OF DON, ABERDEEN, AB23 8JW | 2009-11-25 |
| UNIT 4, WOODSIDE ROAD, BRIDGE OF DON IND EST, ABERDEEN, AB23 8EF | 2005-01-27 |
| FIRST FLOOR, 1 ROYAL BANK PLACE, GLASGOW, LANARKSHIRE G1 3AA | 1999-09-08 |
Among its peers
Top 5%
by shareholders' funds, of 468 similar companies in AB
3rd largest employer among its local peers (79 staff).
Among the oldest 25% of its local peers, trading since 1999.
No.19 of the largest support activities for petroleum and natural gas mining companies in Aberdeen →
Competitors Aberdeen
This company ranks 19 among support activities for petroleum and natural gas mining in Aberdeen.
The class of 1999
43%
of the 64,736 companies incorporated in 1999 are still active today; 55% have since been dissolved.
A fact about the year, not a forecast for this company.