Allied (tooling) Ltd

Allied Tooling Ltd, based in Bournemouth, UK, is a small holding company with an active status, celebrating 42 years in business. Employing 54 people and holding £2,250,113 in assets, the company operates from a virtual address—a point to note as 40 companies share the same location. With six directors and two owners, it’s a relatively compact leadership team. Regular imports and exports of basic metal tools and utensils have been ongoing for 162 months and 4 months respectively.

The company's website paints a picture of a specialist tooling provider, focusing on wood, plastic, composite, and metal processing industries. They are an official UK partner to AKE, offering comprehensive tooling solutions, including precision cutting, CNC capabilities, and bespoke tooling design. They even provide services for boat builders, kitchen makers, and airplane manufacturers. It's clear they're not an e-commerce business, but rather a B2B supplier focused on building relationships and providing expert advice.

Financially, Allied Tooling Ltd shows some concerning trends. While bank borrowings decreased by 41%, overdrafts increased dramatically by 180%, and cash reserves only grew slightly at 4.4%. Creditors also decreased by 18%, which is a positive sign. Net assets, however, dropped by 7.1%, and net losses deepened, suggesting the company may be burning through cash. The company's size—meeting two of three criteria for a small business—allows for agility, but the decline in equity warrants closer scrutiny. The accounts are unaudited, and no auditor is mentioned.

The company's virtual address and the increase in overdrafts, alongside the declining net assets, suggest potential challenges. However, the long history, established partnerships (like AKE), and focus on specialized tooling indicate a company with valuable expertise. It will be interesting to see if they can turn the financial trends around and continue to thrive in the competitive tooling market.

Registered in England/Wales under the registration number 01716510, with a registered address at BH2 6NE, Bournemouth, Dorset, 3 Durrant Road.

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