Crown Hand Tools Limited

Crown Hand Tools Ltd, based in Sheffield, UK, is a small, active company established 36 years ago. With 22 employees and £1,367,920 in assets, it’s a well-established business. The company has five directors and is owned by Gandy Brian Leslie. It regularly imports basic metal tools and utensils (20 months) and exports them (306 months), a testament to its long-standing presence in the market.

The company’s website highlights its dedication to traditional woodworking hand tools, proudly manufactured in Sheffield, England. Crown Hand Tools specializes in woodturning, woodworking, and woodcarving tools, emphasizing handmade quality and a blend of traditional techniques and modern innovations like Cryogenics and Powder Metallurgy. It operates a retail website, offering a range of tools and sets, alongside information on exhibitions, local stockists, and downloadable resources. It also has a guarantee against faulty material and workmanship.

Financially, Crown Hand Tools Ltd presents a mixed picture. While net assets remained relatively stable at £1,000,000, cash reserves dipped 17% to £550,000. Bank borrowings decreased by 31%, suggesting improved financial management, and trade creditors fell by a significant 58%. However, trade debtors increased by 25%, which could indicate delayed payments from customers. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, likely due to exemption as a small company.

Overall, Crown Hand Tools Ltd appears to be a stable, long-standing business navigating the challenges of a competitive market. Its commitment to quality and traditional craftsmanship, combined with modern innovations, positions it well for continued success, though the increase in trade debtors is something to keep an eye on.

Registered in England/Wales under the registration number 02368980, with a registered address at S9 5PH, Sheffield, South Yorkshire, 332-334 Coleford Road, Darnall.

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