Hanger19 Ltd

Hanger19 Ltd, based in Hemel Hempstead, UK, is a small, active company founded eleven years ago in 2013. Employing twelve people, the company holds £498,425 in assets and operates from a real address. With two directors and two owners, Hanger19 Ltd is an irregular importer specializing in optical and medical tools and devices, with just one month of import activity recorded in May 2024.

The company describes itself as an engineering solutions provider, enabling the development and delivery of electric vehicle services, equipment, and associated energy infrastructure. Its website highlights a range of services, including EV living labs, transport pathfinder programs, and innovation in areas like wireless EV charging and vehicle-to-grid technology. Hanger19 develops its own products under the Hubeleon brand, offering chargepoint management systems and controllers, and also provides engineering services for clients seeking to design and create charging infrastructure solutions. The website also mentions a focus on sustainable transport, environmental monitoring, and energy management.

Financially, Hanger19 Ltd presents a mixed picture. Current assets decreased by 24% to £500,000, while net assets dropped 3% to £370,000. Cash reserves took a significant hit, falling 79% to £97,000—a considerable decline. Trade debtors surged by 200%, reaching £260,000, which could indicate increased sales on credit or a delay in customer payments. Creditors also increased by 90%, reaching £71,000. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the substantial drop in cash reserves is something to keep an eye on. No auditor is mentioned, likely due to its status as a small company.

Overall, Hanger19 Ltd seems to be navigating a period of change. While its engineering services and EV solutions appear promising, the financial data suggests a need for careful management of cash flow and debt.

Registered in England/Wales under the registration number 08823360, with a registered address at HP2 7TE, England, Hemel Hempstead, 4 Grovelands, Boundary Way.

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