Complexatools Limited

Complexatools Ltd from Glossop UK: a small, active company founded 37 years ago, employs 13 people, and holds £473,836 in assets. It's a real address with three directors and one owner, boasting a stellar 5.0 Google rating based on three reviews. The company is an irregular importer, primarily dealing in optical and medical tools and devices, with recent import activity recorded just one month ago.

The company's website is simple, with basic pages for "Home," "Welcome," and "Need Help," suggesting a straightforward, possibly older-style online presence. It appears the company operates in the manufacture of tools industries.

Financially, Complexatools Ltd presents a mixed picture. Current assets have increased by a healthy 37% to £470,000, while net assets have decreased by 7.1% to £250,000. Bank borrowings have seen a significant surge, rising by 110% to £46,000, and cash reserves have fallen by a considerable 46% to £76,000. Trade debtors have also increased substantially, rising by 150% to £50,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Despite the increase in debt, creditors have decreased by 62%, suggesting improved management of short-term liabilities. As a small company, it is exempt from an audit, so the figures are unaudited.

The company’s sharp increase in bank borrowings, while concerning, could be a result of investment in new equipment or expansion. The decrease in cash reserves, however, warrants closer attention. It's possible the company is burning through cash faster than it's generating revenue, or perhaps it's strategically reinvesting in growth. The directors, Mr. Simon Burford, Mrs. Lynne Margaret Burford, and Mr. Paul Mchugh, are likely focused on navigating these challenges and maintaining the company’s reputation for quality and service.

Registered in England/Wales under the registration number 02232980, with a registered address at SK13 7AJ, Glossop, Derbyshire, Unit Rs Railways Stables, Surrey Street.

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