Hanover 16 Limited

Hanover 16 Limited is a small, active company based in London, UK, founded nine years ago in December 2015. It employs six people and holds assets valued at £7,574,952. The company operates from a virtual address, registered at W1W 6AN, England, London, Suite 1, First Floor,, 1 Duchess Street, a location shared by 116 other companies. It’s led by one director and owned by Khodorkovskii Mikhail, though the owner list changed nine years ago and isn’s exhaustive. The company is an irregular importer, with its last import operation occurring in June 2021, and it operates in the financial intermediation and business support sectors.

Hanover 16 Limited is a market leader in passenger display systems, designing and manufacturing for the public transport industry. Its products, including destination displays and passenger information systems, are used in over 80 countries. The company has subsidiary offices in several countries and a production facility in the USA, showcasing a global reach. The company’s website highlights its commitment to quality, reliability, and innovation, and it actively participates in industry exhibitions.

Financially, Hanover 16 Limited shows some concerning trends. Cash bank on hand increased dramatically by 800% to £480,000, while current assets jumped 680% to £7.6 million. However, net assets decreased by 4.9% to -£3.2 million, and creditors surged by 190% to £12 million. Trade debtors decreased by 89%, which could be a positive sign of improved collections, but the increase in creditors is a worry. 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 decline in equity suggests it’s burning through cash. The company’s accounts are unaudited, and no auditor is mentioned.

The company operates in Business support → Other business support; Finance → Other intermediaries → Underwriting, securitisation, other n.e.c.

Registered in England/Wales under the registration number 09924183, with a registered address at W1W 6AN, England, London, Suite 1, First Floor,, 1 Duchess Street.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.