Autel Europe Uk Ltd

Autel Europe Uk Ltd, based in London, is a large, active company founded four years ago. With six employees and £5,669,033 in assets, it operates from a real address and is managed by a single director, though no owners are officially listed. The company regularly imports and exports electrical machinery and equipment, with 37 months of import activity and 3 months of export activity recorded.

The company’s website, autel.eu, showcases a range of EV charging solutions, from compact wallboxes to high-power megawatt charging systems. It’s clear Autel Europe isn’s just a reseller; they’re actively involved in developing and selling their own charging technology. The site highlights awards and certifications, emphasizing the company’s commitment to safety and innovation. They even have a dedicated section for partners and a comprehensive resource center with installation guides and technical support. It’s a full-fledged EV charging business, not just a distributor.

Financially, Autel Europe Uk Ltd’s recent performance presents a mixed picture. While cash bank on hand increased by 39% to £540,000, administrative expenses surged by 52% to £1.5 million. This suggests growing operational costs, possibly related to expanding sales and marketing efforts. Debtors increased significantly by 85%, reaching £3.4 million, which could indicate a growing customer base, but also a risk of delayed payments. Net assets, however, decreased by 37% to -£1.3 million, a worrying trend. Bank borrowings increased by a substantial 93%, reaching £6.4 million, and creditors increased by 94%, suggesting the company is relying more on external financing. Despite these challenges, the company’s average number of employees increased by 50%, showing a growing workforce. Moore Kingston Smith LLP performed the audit.

Overall, Autel Europe Uk Ltd appears to be a dynamic company experiencing rapid growth. While the financial data reveals some pressures, the company’s focus on EV charging technology and its expanding workforce suggest a promising future. It’s likely the company is investing heavily in its business, and while the current financial results reflect this, it remains to be seen if these investments will translate into long-term profitability.

Registered in England/Wales under the registration number 13321845, with a registered address at WD6 3TJ, England, Borehamwood, 385 Centennial Park Centennial Avenue, Elstree.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.