Handuro Europe Ltd

Handuro Europe Ltd from Croydon UK: a small, active company founded eight years ago, employs two people, and holds £23,053 in assets. Operating from a virtual address and managed by a single director and owner, the company is a regular importer of machinery, boilers, and mechanical appliances; parts, with recent activity recorded just last month.

The company’s website showcases a focus on solar pumping systems, positioning itself as a European arm of Zhejiang Hande Pump Industry. They offer a range of solar pumps, including submersible, centrifugal, and surface models, catering to both commercial and residential needs. The website also highlights opportunities for distributors to partner with them, offering a chance to share their products across various markets. They seem to be pushing a transition from traditional to DC solar water pumps.

Financially, Handuro Europe Ltd presents a mixed picture. While current assets have surged dramatically—increasing by 1,800% to £23,000—cash reserves have also seen a substantial jump, rising by 160% to £3,100. However, creditors have also increased significantly, with short-term creditors up 710% to -£9,400. Trade debtors have also ballooned by 140,000%, reaching £20,000. Equity has improved, dropping from a loss of -£10,000 to -£680. The company meets two of the three criteria to be considered small—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and the accounts are unaudited, which is common for companies of this size.

The significant increase in debtors suggests the company may be experiencing delays in receiving payments, or perhaps extending credit terms to boost sales. The improvement in equity, however, is a positive sign, indicating a move towards financial stability. While the company seems to be actively importing and expanding its product offerings, the financial data suggests it’s burning through cash—but not necessarily at an alarming rate.

Registered in England/Wales under the registration number 10660709, with a registered address at CR0 2TL, England, Croydon, Surrey, 46 Nova Road.

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