Handsfree Group Ltd

Handsfree Group Ltd, based in Manchester, UK, is a small, active company established 19 years ago. Employing 65 people and holding £4,350,905 in assets, it operates from a real address and is overseen by three directors and two owners. While a regular importer, it hasn's imported anything in the last 18 years, and exports electrical machinery and equipment irregularly, with the last export occurring in July 2016.

The company’s website paints a picture of a specialist provider of vehicle technology solutions. They cater to both fleet managers and emergency services, offering installations, products, and software focused on communication, safety, and security. Their services range from basic vehicle installations to sophisticated telematics and critical communications systems, with a particular emphasis on emergency response clients like police, fire, and ambulance services. The website highlights their expertise in integrating technology, providing training, and ensuring compliance with industry standards. They even mention a “R5” user interface designed specifically for mission-critical users, emphasizing its reliability and adaptability.

Financially, Handsfree Group Ltd shows some concerning trends. While cash reserves saw a dramatic increase of 6100%, reaching £2,500,000, net assets have decreased by 36%, settling at £920,000. Bank borrowings were reduced by 58%, down to £35,000. Trade creditors have increased by 190%, reaching £1,100,000, and debtors decreased by 35%, down to £750,000. The company's small size—meeting two of three criteria for being a small company—helps it remain flexible, but the decrease in equity and increase in creditors suggests it may be facing financial pressures. The lack of an auditor mentioned indicates that the company is likely exempt from an audit as a small company, and the figures are unaudited.

The company’s focus on specialized vehicle technology and emergency services suggests a niche market, but the financial data indicates a need for careful management to ensure long-term stability.

Registered in England/Wales under the registration number 05519584, with a registered address at M32 0UT, Manchester, 6 Lumsdale Road, Cobra Court, Stretford.

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