Coral Tools Ltd

Coral Tools Ltd, based in Morley, UK, is a small holding company with an active status, having been founded twelve years ago in 2012. Employing fifteen people, the company holds assets valued at £3,069,310. It operates from a real address and is overseen by three directors and one owner. Coral Tools is a regular importer of basic metal tools and utensils (140 months) and a regular exporter of miscellaneous manufactured goods (5 months).

The company’s website reveals a thriving business focused on painting and decorating tools. It's an e-commerce operation, offering a wide range of products from rollers and brushes to wallpaper tools and safety equipment, all branded under the Coral Tools name. The site also features a blog with helpful guides and tips for DIY enthusiasts, reinforcing its position as a knowledgeable supplier. They’re even acquired assets from Kin Ltd and Coreflex Ltd, showing growth.

Financially, Coral Tools Ltd presents a mixed picture. While current assets increased by 8.2% to £3,100,000, net assets grew by a more substantial 21% to £2,100,000. Bank borrowings, however, surged by a significant 180% to £140,000, and cash reserves decreased by 30% to £1,000,000. Trade debtors decreased by 34%, which is good. The company’s small size—meeting two of three conditions for being a small company—allows for agility, but the increase in borrowings suggests a need for careful cash flow management. The company is exempt from an audit, so the figures are unaudited.

Overall, Coral Tools Ltd appears to be a growing business, but it’s important to monitor its debt levels and ensure it maintains a healthy cash position.

Registered in England/Wales under the registration number 08126589, with a registered address at LS27 7JZ, Morley, Leeds, Unit G1 Gildersome Spur, Gildersome.

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