Emerald Tools And Machinery Limited

Emerald Tools And Machinery Limited, based in Randalstown, Northern Ireland, is a small, active company founded four years ago in July 2020. With £25,307 in assets and a real address at 22 Craigstown Road, it’s a solo-founded operation run by a single director and owner, Logan James. The company has a perfect 5.0 Google rating based on one review, and operates as an irregular importer of electrical machinery and equipment, with just one month of import activity recorded as of August 2024.

The company’s operations focus on the wholesale of machine tools industries, and it’s likely that they supply tools and equipment to construction or manufacturing businesses. While no website is available to analyze, the company's focus on machine tools suggests a B2B model, rather than direct consumer sales.

Financially, Emerald Tools And Machinery Limited presents a mixed picture. Current assets have decreased by 23% to £25,000, while net assets have increased by 50% to £1,600. Cash bank on hand has seen a significant increase of 190% to £7,900, which is a positive sign. However, trade debtors have plummeted by 99% to just £150, suggesting a dramatic shift in customer payment practices. Creditors have also decreased by 22% to £28,000. 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 decrease in debtors could indicate challenges in collecting payments. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Emerald Tools And Machinery Limited appears to be navigating a period of change. The increase in cash reserves is encouraging, but the sharp decline in debtors warrants further investigation.

Registered in Northern Ireland under the registration number NI671331, with a registered address at BT41 2NS, Northern Ireland, Randalstown, 22 Craigstown Road.

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