Hanley Technology Limited

Hanley Technology Limited, based in Perth, UK, is a small, holding company with an active status. Founded 33 years ago in May 1991, the company employs just one person and holds £1,704,415 in assets. It operates from a virtual address – a fact highlighted by the fact that 25 companies are registered at the same location – and is overseen by three directors and one owner. The company regularly imports machinery, boilers, and mechanical appliances; parts, with 106 months of import activity recorded, and exports similar items, with 6 months of export activity.

The company's website is not available, so it's difficult to determine its precise operations. However, the company description suggests a focus on the manufacture of electronic measuring and testing equipment, not for industrial process control industries. It's likely that the company operates behind the scenes, potentially supplying components or providing specialized services to other manufacturers.

Financially, Hanley Technology Limited appears to be in a reasonably healthy position. Current assets have increased by 52% to £1,700,000, while net assets have grown by 33% to £1,300,000. Cash bank on hand has seen a significant boost, increasing by 45% to £1,200,000. However, creditors have also risen substantially, increasing by 170% to £430,000. Trade debtors have increased by 84% to £460,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the increase in creditors could indicate a need to manage cash flow more closely. The accounts are abridged and unaudited, and the company is exempt from an audit under section 477 of the Companies Act 2006. The director signing the financial statements is Christopher Kennedy.

Overall, Hanley Technology Limited seems to be a stable, albeit small, operation. The growth in assets and cash reserves is encouraging, but the rise in creditors warrants monitoring.

Registered in Scotland under the registration number SC132095, with a registered address at PH2 0NJ, Scotland, Perth, Algo Business Centre, Glenearn Road.

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