Kan Engineering Ltd

Kan Engineering Ltd, based in London, UK, is a small, active company founded six years ago in 2018. It employs four people and holds £22,800 in assets. The company operates from a virtual address, registered with 6797 other companies, and is led by two directors, one of whom is also the solo founder. It’s an irregular importer, with its top import category being optical and medical tools and devices, totaling two months of imports, the last operation conducted on December 01, 2024.

The company’s website, kanengineering.co.uk, positions itself as a provider of advanced simulation products and services for smart mobility applications, including electric and autonomous vehicles. It specializes in distributed simulation, offering bespoke solutions for modelling and simulation toolchains, as well as advanced simulator and XiL rigs. The site highlights collaborations with industry leaders like Millbrook Proving Ground and Zenzic, showcasing award-winning projects and a commitment to pushing the boundaries of simulation technology. It’s clear that Kan Engineering isn’t an e-commerce business; it’s a B2B provider of specialized engineering services.

Financially, Kan Engineering Ltd presents a mixed picture. While current assets increased by 49% to £23,000, net assets decreased by 20% to -£180,000. Bank borrowings decreased by -7.5% to £130,000, and trade creditors increased by 21% to £200,000. 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 agility, but the negative equity and increased liabilities suggest it’s burning through cash. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited. Depreciation on plant machinery has increased significantly, which could be a sign of investment or a need for maintenance. It’s a bit confusing, but the company seems to be investing in its services, though it needs to manage its debt.

Registered in England/Wales under the registration number 11655674, with a registered address at WC2H 9JQ, United Kingdom, London, Greater London, 71-75 Shelton Street.

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