Hansa Group Ltd

Hansa Group Ltd, based in London, UK, is a small, active company founded seven years ago in 2017. Employing just three people, it holds £622,911 in assets and operates from a real address in Spaces Kensington Village. The company is led by a single director and owner, Gridjko Nazar, who also serves as a project manager. It’s a solo founder operation. Hansa Group Ltd is a regular importer, specializing in machinery, boilers, and mechanical appliances; parts, with recent import activity recorded as January 2025.

The company's website showcases its work as a commercial construction contractor, focusing on office fit-outs, industrial refurbishments, and commercial kitchens. It seems to be a B2B operation, targeting industrial and commercial clients rather than consumers. The website details a clear process, from initial concept and design to specification, quotation, construction, and maintenance – a typical project lifecycle for a construction firm. There’s no obvious e-commerce element; it’s primarily a showcase of completed projects and services offered.

Financially, Hansa Group Ltd presents a mixed picture. While turnover isn't explicitly stated, its small size (meeting two of three criteria for a small company) is confirmed. Current assets have significantly dropped by 49% to £620,000, and net assets have plummeted to -£68,000—a substantial swing. Cash reserves have also taken a hit, decreasing by 94% to a mere £13,000. Trade debtors have fallen by 39%, suggesting improved collection efforts. However, creditors have increased, with both short-term and long-term obligations rising. The significant decrease in equity is a cause for concern, indicating potential losses or increased borrowing. The company’s unaudited accounts, exempt due to its small size, rely on director-reported data.

The sharp decline in cash and equity suggests that Hansa Group Ltd may be burning through cash faster than it’s generating revenue. It's possible that increased project costs, delayed payments from clients, or a slowdown in new business are contributing factors. While the company's construction projects appear well-managed, the financial figures highlight a need for careful cash flow management and potentially, a review of pricing strategies.

Registered in England/Wales under the registration number 10856090, with a registered address at W14 8TS, England, London, Spaces Kensington Village, Avon House, Avonmore Road.

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