Technowell Europe Limited

Technowell Europe Ltd from King's Lynn UK: small company, holding company, active status, founded 10 years ago, £774,989 assets, real address, 4 directors, 1 owner. Regular importer of electrical machinery and equipment (12 months imported). Regular exporter of electrical machinery and equipment (29 months exported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the wholesale of agricultural machinery, equipment and supplies industries.

Technowell Europe Ltd specializes in designing and manufacturing electromechanical forward reverse shifters (FNR) and multifunction turn signal indicators (TSI). Located in the UK, Germany, and India, it serves a global customer base primarily within the off-highway construction, agricultural, forklift, electric vehicle, and mobile machinery sectors. The company's website highlights its commitment to providing steering solutions for off-highway equipment, offering both standard and custom designs. They supply complete steering assemblies, including steering wheels, columns, and hydraulic orbital units. The website also showcases various applications, including construction, electric vehicles, agriculture, lawn and groundcare, sport and leisure, and airport ground support equipment.

Financially, Technowell Europe Ltd shows a mixed picture. Current assets increased by a healthy 40% to £770,000, while equity grew by 45% to £600,000. However, trade debtors decreased significantly by 47%, dropping to £86,000, which could indicate slower customer payments. Bank borrowings increased by a considerable 2400%, reaching £29,000, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, suggesting improved debt management. The company’s small size helps it stay agile, but the increased borrowings and decreased cash reserves warrant attention. No auditor is mentioned, likely due to its status as a small company. The accounts are unaudited, relying on director-reported data.

Registered in England/Wales under the registration number 09490304, with a registered address at PE30 3JD, England, King's Lynn, Norfolk, 56 Castle Rising Road, South Wootton.

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