Hanover Electrical Contractors Limited

Hanover Electrical Contractors Ltd from London UK: a large company with an active status, was founded 29 years ago. It employs 47 people and holds £7,303,791 in assets. The company has a real address, six directors, one owner (a solo founder), and a Google rating of 2.0 based on five reviews. It’s an irregular importer of furniture, lighting, and prefabricated buildings, with just one month of imports recorded.

The company operates as a MEP (Mechanical, Electrical, and Plumbing) services contractor, focusing on electrical installation, plumbing, and air-conditioning installation. Its website highlights a history spanning over 40 years, establishing itself as a leader in the field. Hanover provides complete integration of mechanical, electrical, and renewable energy systems, catering to both design consultants and clients. The company’s workforce and apprenticeship scheme have bolstered its team with specialists in a number of services and contracts. The website details projects like Lombard Wharf, Friary Park Phase 2, and Clapham Park, showcasing its involvement in new build developments and regeneration schemes across London and the South East.

Financially, Hanover Electrical Contractors Ltd presents a mixed picture. Current assets increased by 24% to £7,300,000, while net assets remained steady at £1,300,000. Bank borrowings decreased by 34% to £380,000, and cash reserves increased by 110% to £2,300,000. However, administrative expenses rose by 18%, and director remuneration stayed the same. The company’s large size (meeting two of three conditions for turnover over £36 million, balance sheet over £18 million, and over 250 employees) suggests a stable business, but the decrease in net assets is something to keep an eye on. The company was audited by LB Group Limited (Stratford), and the report mentions a few things.

Registered in England/Wales under the registration number 03065752, with a registered address at N21 1UJ, London, 6 Florey House, Winchmore Hill.

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