Elite Tooling Limited

Elite Tooling Ltd, based in Rotherham, UK, is a small, active company established 29 years ago in 1995. With four employees and £183,978 in assets, it’s a well-established, family-run business. The company operates from a real address and is overseen by three directors and two owners. Elite Tooling regularly imports basic metal tools and utensils (for three months) and exports them (for six months), with the latest export activity recorded in July 2023.

The company’s website highlights its specialization in the design and manufacture of custom rotary cutting tools, serving industries like aerospace, medical, automotive, and even Formula One. It offers a wide range of products, including drills, spotters, taps, and carbide cutters, both standard and bespoke. The site emphasizes rapid lead times, competitive pricing, and the use of the latest CNC technology, catering to both off-the-shelf and custom tooling needs. It’s clear Elite Tooling isn’t just a reseller; it’s a manufacturer with a focus on precision and bespoke solutions.

Financially, Elite Tooling Ltd shows a mixed picture. Cash bank on hand increased significantly by 52%, rising to £120,000, a positive sign of improved liquidity. However, net assets grew by only 7.2% to £380,000, and net current assets increased by 66% to £150,000. Creditors decreased by 40%, suggesting better management of short-term debts. The company’s equity increased by 41%, which is a good sign. However, accumulated depreciation increased by 6.5%, which may be a concern. The company is small, meeting two of three criteria for being classified as such (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). With no auditor mentioned, the figures are unaudited.

Overall, Elite Tooling Ltd seems to be holding its own, with a focus on specialized tooling and a growing cash position. However, the increase in depreciation and the lack of profit details warrant further investigation.

Registered in England/Wales under the registration number 03094148, with a registered address at S60 1EW, Rotherham, South Yorkshire, Unit 5 Central Business Park, Masbrough Street.

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