Sanco Technology Limited

Sanco Technology Ltd from Nottingham UK: a small holding company with an active status, was founded 16 years ago. The company employs 12 people and holds assets valued at £571,523. Operating from a virtual address, Sanco Technology is overseen by two directors and one owner. It regularly imports and exports machinery, boilers, and mechanical appliances, with a focus on parts—23 months of imports and 32 months of exports.

The company's website, sancotechnology.com, highlights its expertise in drying, infrared (IR), and curing flash products, catering to enterprise needs. It features sections on installs, customer testimonials, quality control, and after-sales support, indicating a focus on customer service and product reliability. The website’s design is simple, but professional, and uses cookies to analyze traffic and optimize user experience.

Financially, Sanco Technology Ltd presents a mixed picture. While current assets increased by 6.6% to £570,000, net assets remained unchanged at -£270,000. Bank borrowings decreased by 50% to £32,000, and cash reserves increased significantly by 400% to £33,000. Creditors decreased by 50% to £32,000, suggesting improved debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit as a small entity.

The company’s reliance on a virtual address and the relatively small number of employees suggest a lean operation. The decrease in bank borrowings and increase in cash reserves are positive signs, but the negative net assets indicate a need for careful financial management. The company’s continued import and export activity, alongside its focus on specialized machinery, suggests a niche market strategy.

Registered in England/Wales under the registration number 06886942, with a registered address at NG10 1NJ, Nottingham, Nottinghamshire, Lyndhurst, 1 Cranmer St.

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