Hanshel Seals Limited

Hanshel Seals Ltd, based in Cheltenham, UK, is a small, active company established 22 years ago. With four employees and £111,376 in assets, it operates from a virtual address – a fact highlighted by the presence of 43 other companies registered at the same location. The company is owned by two individuals and managed by three directors. It’s an irregular importer, primarily bringing in vehicles, parts, and accessories (excluding trains and trams), with its last import activity occurring one month ago.

The company’s website reveals a focus on supplying seals for the fluid power industry, specializing in sectors like agriculture, industrial, earth moving, and marine. It caters to customers needing hydraulic ram seals, offering quick and efficient service. The site also mentions a connection to Hanshel Seals & Mouldings Limited, suggesting a historical evolution of the business.

Financially, Hanshel Seals Ltd presents a mixed picture. Current assets have decreased by 14%, dropping to £110,000, while net assets have fallen by 5.4% to £40,000. Bank borrowings have significantly reduced, decreasing by 74%, to £3,000, and cash reserves have increased by 48% to £640. Creditors have also decreased by 19%, to £71,000, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity warrants closer attention. As a small company, it’s exempt from an audit, so the financial statements are unaudited.

Overall, Hanshel Seals Ltd appears to be navigating a period of change, with some positive signs in cash flow and debt management, but also a need to address the decline in equity.

Registered in England/Wales under the registration number 04522777, with a registered address at GL51 7AY, Cheltenham, Gloucestershire, Brent House, 382 Gloucester Road.

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