Wise Handling Limited

Wise Handling Ltd, based in Bradford, UK, is a small, active company with a long history, having been founded 49 years ago in 1976. The company employs 21 people and holds assets worth £2,999,289. It operates from a real address and is overseen by five directors, though there are no owners officially listed. Wise Handling Ltd regularly imports and exports machinery, boilers, and mechanical appliances, including parts—18 months of import activity and 22 months of export activity have been recorded.

The company’s website is currently unavailable, making it difficult to ascertain their exact business model beyond the import/export activities. It’s likely they operate as a trading company, sourcing goods from overseas and distributing them within the UK, or vice versa.

Financially, Wise Handling Ltd shows a mixed picture. Current assets have increased by 18% to £3,000,000, while net assets have decreased by 31% to £830,000. Bank borrowings have increased by 45% to £850,000, and cash reserves have increased by 26% to £1,700,000. Creditors have increased by 58% to £2,300,000, suggesting a need for more cashflow management. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor is typical for a small, exempt company.

The significant increase in creditors, while offset by a rise in cash reserves, could indicate that Wise Handling Ltd is expanding its operations and taking on more debt to finance growth. It's possible they're investing in new equipment or inventory to meet increased demand. The decrease in equity suggests the company may be reinvesting profits back into the business rather than distributing them to shareholders. The company's continued import and export activity demonstrates a stable business model, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 01239959, with a registered address at BD13 5DU, Bradford, West Yorkshire, Haworth Road, Cullingworth.

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