E-tooling Limited

E Tooling Ltd, based in Glasgow, UK, is a small, active company founded three years ago. With 12 employees and £228,815 in assets, it operates from a real address and is overseen by four directors and two owners. The company is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances—parts, with the last import operation occurring a year ago.

The company’s website details its core business: Press Toolmaking Services. Located in East Kilbride, Scotland, E Tooling Ltd offers a comprehensive range of services, from design and toolmaking to production press relief, catering to projects of any size. It boasts in-house designers, forming simulation software, extensive machining capabilities, and try-out presses up to 1000 tonnes. The website also highlights its expertise in producing coil-fed tools and hand-transfer tools, and offers production press relief services. Customers can contact the company for design, toolmaking, or production inquiries.

Financially, E Tooling Ltd presents a mixed picture. While bank borrowings have significantly increased by 140% to £220,000, cash reserves have jumped 190% to £99,000. Current assets have seen a substantial increase of 99% to £450,000, which is a positive sign. However, net assets have decreased by 22% to -£83,000, and trade debtors have risen by 48% to £190,000, suggesting potential challenges in collecting payments. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the declining equity warrants attention. As a small company, it is exempt from an audit, and the figures are unaudited. The company’s reliance on increased borrowing, while boosting cash flow, could pose a risk if revenues don’t keep pace.

Registered in Scotland under the registration number SC714792, with a registered address at G75 0ZZ, Scotland, Glasgow, Hurlawcrook Road, East Kilbride.

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