Hardbanding Solutions (europe) Ltd

Hardbanding Solutions Europe Ltd, based in Glasgow, UK, is a small holding company with an active status, established thirteen years ago in 2011. The company employs seven people and holds £1,480,019 in assets, operating from a virtual address shared by many other businesses. It's led by two directors and has one owner, with ownership details changing recently. The company regularly imports machinery, boilers, and mechanical appliances—parts, with the last import operation recorded ten months ago in December 2020. It also exports electrical machinery and equipment, with thirteen months of export activity, the last in January 2021.

The company’s website is minimal, offering little insight into its operations beyond its registration details. It appears to be primarily a trading company, likely sourcing goods and distributing them, rather than a manufacturer or retailer with a significant online presence. It operates within the “other business support service activities n.e.c.” industry.

Financially, Hardbanding Solutions Europe Ltd presents a mixed picture. While cash reserves increased by a substantial 70% to £410,000, net current assets remained steady at £1.1 million. However, trade debtors rose significantly by 8.1% to £620,000, suggesting potential challenges in collecting payments. Creditors also increased by 190% to £380,000, which could be due to increased purchasing activity or extended payment terms. A notable decrease in depreciation impairment property plant equipment was recorded, falling by 14%. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the increase in debt warrants closer attention. The company’s financial statements are unaudited, as is typical for small companies.

The recent changes to the directors list, and the owner list, may indicate a shift in strategy or ownership structure. Overall, Hardbanding Solutions Europe Ltd seems to be navigating a period of growth, but it’s important to monitor its debt levels and cash flow to ensure long-term financial health.

Registered in Scotland under the registration number SC404792, with a registered address at G3 7QL, Scotland, Glasgow, C/O Horizon Ca, 20 - 23 Woodside Place.

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