Kandi Solutions (uk) Limited

Kandi Solutions (uk) Limited is a small, active company based in Glasgow, UK, founded eleven years ago in 2013. With a single employee and £87,431 in assets, it operates from a virtual address – forty-one other companies are registered at the same location – and is run by two directors and two owners, making it a family business. The company is an irregular importer, specializing in clocks, watches, and their parts, with just one month of import activity recorded as of August 2021.

The company’s website reveals a broader scope than initially apparent. Kandi Solutions offers a "specialist sourcing solution" for UK, European, US, and Australian markets, connecting clients with manufacturing sites in China, Thailand, Taiwan, and Vietnam. It provides full quality control, inspection services, and even guidance on commodity codes and duty rates. The company also offers logistics support, including full container shipments, and even has a showroom in Harrods, London.

Financially, Kandi Solutions has experienced some significant shifts. Current assets have dropped by 43%, falling to £87,000, while net assets have plummeted 81%, settling at just £8,100. Bank borrowings have increased, and cash reserves have decreased. Creditors have also seen a substantial increase. The company meets the criteria for a small business, with turnover under £10.2 million and assets under £5.1 million. There's no auditor mentioned, likely due to its small size, meaning the financial data is unaudited.

While Kandi Solutions appears to be navigating a period of financial pressure, its diverse service offerings – from sourcing and quality control to logistics and customs guidance – suggest a company adapting to market demands. The company’s family ownership and international reach could be key to its long-term success, but the sharp decline in equity raises questions about its financial stability.

Registered in Scotland under the registration number SC453909, with a registered address at G74 4JW, Glasgow, 33 Kittoch Street, East Kilbride.

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