Craftsman Tools Limited
- Small
- Holding
- Active
- 72 years
- 32 employees
- £1,025,803 (assets)
- Real address
- 1 director
- 1 owner
- Regular importer
- Regular exporter
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Craftsman Tools Limited, based in Otley, UK, is a small, holding company with an active status, having operated for 72 years. Established in 1953, the company employs 32 people and holds assets worth £1,025,803. With a real address and a single director and owner, it’s a relatively compact operation. The company regularly imports machinery, boilers, and mechanical appliances, parts, for a period of three months, with the last import occurring in February 2025. It also exports these same items for a substantial 166 months, with the last export also taking place in February 2025.
The company operates in the manufacture of other machine tools industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. The company is owned by Craftsman Holdings Ltd, and Thorburn Timothy is the director.
Looking at the financials, there's a mixed picture. Accrued liabilities have decreased significantly, falling 61% to £48,000. However, bank borrowings have increased, rising by 48% to £58,000. Cash reserves have taken a hit, dropping 76% to just £5,100. On the positive side, creditors have also decreased by 43%, suggesting improved debt management. The company’s net assets, however, have fallen 16% to £810,000. The company has taken exemption under Companies Act in not publishing its own profit and loss account.
The decrease in cash reserves and increase in bank borrowings are concerning, indicating that the company may be burning through cash. However, the decrease in creditors suggests that the company is managing its short-term liabilities effectively. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.
Registered in England/Wales under the registration number 00518142, with a registered address at LS21 1JE, Otley, West Yorkshire, Side Copse, Pool Road.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Corporate
- 4 years
- 75%+
- 🇬🇧
Resident of United Kingdom
Managers
-
Individual
- 4 years
- 1
- 🇬🇧
Resident of United Kingdom
Last reports
The latest confirmation statement submitted nine months ago.
Last news
-
Total exemption full accounts made up to 2024-01-31Download 18 pages pdf report
-
Confirmation statement made on 2024-08-24 with no updatesDownload 3 pages pdf report
-
Total exemption full accounts made up to 2023-01-31Download 15 pages pdf report
Craftsman Tools Limited controls
Owns & Controls
-
Corporate
- 4 years
- 75%+
- 🇬🇧
Resident of United Kingdom
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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FAQ about Craftsman Tools Limited
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