Handle-it Limited

Handle-It Ltd from Newton Abbot, UK, is a small, active company founded 22 years ago. With 19 employees and £709,483 in assets, it operates from a real address and is managed by one director and owner. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 17 months of import activity and 19 months of export activity recorded as of February 2025. It's a wholesale business operating in the machinery and equipment industry.

The company’s website is not available, so it’s difficult to determine if they have an e-commerce presence. However, given their import and export activities, it's likely they supply businesses rather than selling directly to consumers.

Financially, Handle-It Ltd presents a mixed picture. While net assets increased by 27% to £380,000, cash reserves took a significant hit, dropping 170% to -£48,000. Bank borrowings, however, plummeted 99% to just £120, and creditors decreased by 83%, suggesting improved debt management. Trade debtors increased by 51%, which could be a positive sign of growing sales, but also a potential risk if payments are delayed. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in cash reserves warrants attention. No auditor is mentioned, consistent with its status as a small, exempt company.

The company’s financial data shows a concerning trend in cash reserves, which could be a sign of burning through money. However, the decrease in bank borrowings and creditors indicates that they are managing their debt effectively. The increase in trade debtors might be a temporary blip, or it could signal potential payment issues down the line. It’s likely the company is facing some financial pressure, but its ability to reduce debt and maintain a positive equity position suggests it's not in immediate crisis.

Registered in England/Wales under the registration number 04637039, with a registered address at TQ12 5UA, England, Newton Abbot, Unit 19 Bulleigh Barton Farm, Ipplepen.

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