Handsling Ltd

Handsling Ltd from London UK: a small, active company established nine years ago in 2015, employs eight people and holds £417,469 in assets. Operating from a virtual address – twenty eight companies registered at the same location – it's led by one director and has two owners. The business runs an e-commerce site, regularly importing and exporting vehicles, parts, and accessories (excluding trains and trams) for fifteen months and thirty five months respectively.

The company’s website, HandslingBikes, showcases a diverse range of cycling products, from road and track bikes to gravel, cyclocross, triathlon, and time trial options. It offers a customisation service, allowing customers to configure their bikes with various components and finishes. The site also highlights the company's commitment to precision engineering and British craftsmanship, with a focus on high-performance carbon frames and personalized service. It’s a really nice site, although I think it could do with a bit more detail on the history.

Financially, Handsling Ltd’s picture is a bit mixed. While the company’s assets decreased by 36% to £420,000, bank borrowings increased by a staggering 360%, reaching £100,000. Cash reserves have also taken a hit, dropping 64% to just £21,000. Creditors have increased by 25%, suggesting a need for better debt management. The company’s small size – meeting two of three criteria for a small company – helps it remain agile, but the significant decline in equity, dropping 120% to -£990,000, is a cause for concern. There’s no auditor mentioned, which is likely due to its status as a small company and exemption from an audit.

The increase in bank borrowings and the decrease in cash reserves, combined with the negative equity, suggest the company may be burning through money. However, the continued import and export activity, and the thriving e-commerce presence, indicate a business that’s still operating, although perhaps facing financial pressures.

Registered in England/Wales under the registration number 09623816, with a registered address at SW17 8HH, United Kingdom, London, 176 Franciscan Road Tooting.

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