Direct Tool Company Limited

Direct Tool Company Ltd, based in Southampton, UK, is a small, holding company with an active status. Established sixteen years ago in 2008, it employs forty-eight people and holds a substantial £8,851,191 in assets. The company, managed by three directors and owned by The Direct Tool Trust, operates a real address and maintains an e-commerce site, earning a perfect 5.0 Google rating from twenty reviews. It regularly imports plastics and plastic products (four months of activity) and occasionally exports them (one month).

The company’s website highlights its role as an industrial equipment supplier, specializing in wholesale of machine tools. It’s a private limited company, and its operations seem to be centered around providing tools and related services. While the company’s website is not detailed, it’s clear that the business is focused on serving commercial and industrial clients.

Financially, Direct Tool Company Ltd presents a mixed picture. While net assets increased by a remarkable 230%, from £400,000 to £1.3 million, indicating a strengthening balance sheet, other areas show signs of strain. Bank borrowings have surged by a significant 180%, reaching £4.7 million, and creditors have also risen substantially. Cash reserves, however, have increased by 32%, to £2.5 million. Trade debtors have also increased by 22%, suggesting potential issues with customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in debt warrants attention. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

The company’s increased debt levels could be a result of expanding operations or investing in new equipment, but it’s something to keep an eye on. The company’s financial health appears to be improving overall, but the increase in debt is a potential concern.

Registered in England/Wales under the registration number 06728232, with a registered address at SO52 9DF, England, Southampton, Hampshire, Castlehill Business Park Flexford Road, North Baddesley.

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