Handiworld Limited

Handiworld Ltd from London UK: a small, active company founded 20 years ago, employs three people, and holds £612,385 in assets. It operates from a virtual address – a bit unusual, as sixty-nine other companies are registered there – and is managed by two directors, though there are no listed owners. The company runs an e-commerce site and regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 66 months of import activity and 11 months of export activity recorded.

The company’s website showcases a diverse range of products, from roof racks and soft roof boxes to hand trucks and duffel bags. It seems to be focused on bringing innovative ideas across multiple sectors, including motoring, camping, leisure, and gardening. A key element of their offering is CAMBA wheel technology, which they promote as providing superior terrain handling for various products. The website also features a news section with articles on topics like packing tips for road trips and mental health awareness.

Financially, Handiworld Ltd presents a mixed picture. While current assets remain relatively stable at £610,000, net assets have significantly declined to -£29,000. Bank borrowings have increased substantially, reaching £400,000, and cash reserves have decreased by 7.4% to £130,000. Creditors have also risen considerably, suggesting potential cash flow challenges. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the negative equity is a concern. As a small company, it’s exempt from an audit, so the financial data is unaudited. It’s clear that Handiworld Ltd is navigating a period of financial pressure, despite its innovative product range and active e-commerce presence.

Registered in England/Wales under the registration number 05146860, with a registered address at EC2M 5PS, England, London, Salisbury House, London Wall.

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