Evanshu Ltd

Evanshu Ltd from Swansea UK: a small, active company founded eleven years ago, operates with two employees and holds £300,371 in assets. It's a real address, managed by two directors and two owners, and regularly exports electrical machinery and equipment – fourteen months of exports recorded, with the most recent in October 2024.

The company's website reveals a unique business model: Evanshu Ltd acts as a purchasing agent for European goods, offering services to customers outside of Europe. It purchases goods from Europe and the UK, often at lower prices than customers could find themselves, and arranges shipment. The site highlights storage options in Germany and London, and emphasizes competitive pricing, fast shipping, and customer service. It’s clear they’re targeting customers who want access to European products but lack the resources or expertise to source them directly. The website also mentions CE and BSI Kitemark logos, indicating a focus on quality-tested products.

Financially, Evanshu Ltd presents a mixed picture. While current assets increased slightly to £300,000, net assets jumped significantly to £64,000—a positive sign. Bank borrowings decreased by 7.4%, and cash reserves surged a remarkable 450% to £110,000. Creditors also decreased, suggesting improved debt management. The company meets two of three conditions to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to the company’s small size and exemption from audit.

Overall, Evanshu Ltd appears to be in a healthy position, leveraging its purchasing agent model to serve a niche market. The surge in cash reserves and improved debt management are encouraging signs, though the company’s reliance on a single director and owner could pose a risk.

Registered in Wales under the registration number 08825447, with a registered address at SA2 9FL, Wales, Swansea, 70 Awel Y Mor, Ty Coch.

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