Appleby Woodturnings Limited

Appleby Woodturnings Ltd, based in Derby, UK, is a small, active company founded ten years ago in 2014. Employing ten people, the firm holds £340,465 in assets and operates from a virtual address, a fact highlighted by the presence of 163 companies registered at the same location. Two directors and a solo founder lead the business, which runs an e-commerce site and has a respectable Google rating of 4.0 based on 26 reviews. The company regularly imports machinery, boilers, and mechanical appliances, with the most recent import activity occurring five months ago.

Appleby Woodturnings specializes in the manufacture of wood products, including tapered wooden plugs, CNC tooling, and spindle moulder tooling. Its website showcases a wide range of products, from plugs for concealing screws to specialized knives and cutters for woodworking machinery. The site also features a section dedicated to special offers and a blog providing technical advice. It's clear they're aiming to be a one-stop shop for woodworking professionals.

Financially, the picture is mixed. Accumulated depreciation on property, plant, and equipment increased by 16%, while accumulated amortisation on intangible assets grew by 12%. Cash bank holdings declined by 35%, dropping to £15,000, and net assets decreased by 48%, resulting in a net asset position of -£20,000. Creditors also decreased, suggesting improved management of short-term debts. The company's small size—meeting two of three criteria for a small company—allows for flexibility, but the drop in equity is a cause for concern. The company is exempt from an audit, so the financial information is unaudited.

The decrease in cash and the negative equity position suggest that Appleby Woodturnings may be burning through money. However, the continued import activity and the breadth of products offered indicate that the business is still operating and attempting to grow. It's likely the company is navigating the challenges common to small businesses, and the long-term sustainability will depend on its ability to manage costs and maintain sales.

Registered in England/Wales under the registration number 09165325, with a registered address at DE21 6BF, England, Derby, Charlotte House Stanier Way, The Wyvern Business Park.

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