Euro Drive Systems Limited

Euro Drive Systems Limited, based in Hemel Hempstead, UK, is a small, family-run business with an active status. Established sixteen years ago in 2009, the company employs just three people and holds assets valued at £257,619. It operates from a real address and is managed by three directors and two owners. The company regularly imports electrical machinery and equipment (22 months of import activity) and exports machinery, boilers, and mechanical appliances (7 months of export activity). It’s a business that seems to be doing well.

The company's website showcases a wide range of industrial electric motors, compact gear motors, frequency inverters, and power transmission components. They act as a distributor for several leading manufacturers, including Peeimoger, Wonder, ZD, and Powtran, and even offer exclusive ranges of EDS gearboxes. The site emphasizes competitive pricing, full warranty, and technical support, with many items available for next-day delivery. It's clear they're aiming to be a reliable supplier to industrial customers.

Financially, Euro Drive Systems Limited presents a mixed picture. Current assets have decreased by 7.5% to £260,000, while net assets have fallen significantly by 60% to -£85,000. Bank cash has completely disappeared, dropping 100% to zero. Creditors have increased slightly by 3.5% to £340,000. 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 stay agile, but the sharp equity drop is concerning. The company’s financial statements are unaudited, and there’s no auditor mentioned, which is common for small companies.

Overall, Euro Drive Systems Limited appears to be a small, established business facing some financial headwinds. While its product range and distribution partnerships suggest a solid foundation, the declining equity and lack of cash reserves warrant close attention.

Registered in England/Wales under the registration number 06810696, with a registered address at HP2 4FZ, United Kingdom, Hemel Hempstead, Hertfordshire, 6 Oakhill Cloase ,Hemel Hempstead, Hertfordshire 6 Oakhill Close, Hemel Hempstead.

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