Fast Tools Limited

Fast Tools Ltd: a small, active company founded 30 years ago, boasts a solid Google rating of 4.0 from seven reviews. Based in Gloucester, the family business employs twelve people and holds assets worth £1,137,704. With two directors and two owners, it operates from a real address and is a irregular importer, bringing in basic metal tools and utensils for two months, the last shipment arriving in April 2024.

The company’s website, though not detailed, indicates a focus on wholesale trade. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company operates in the non-specialised wholesale trade industries.

Financially, Fast Tools Ltd presents a mixed picture. Accumulated depreciation has increased, with Land Buildings up 10%, Other Property Plant Equipment up 9.8%, and total up 9.9%. Bank borrowings have risen significantly, with Current Financial Instruments up 10% and Non Financial Instruments jumping a staggering 150%. Cash on hand, however, has seen a remarkable surge, increasing by 1700%. Creditors have also increased, but the company's net assets have grown by 11%. Despite these changes, the company’s net current assets have improved considerably, showing a positive trend.

The company’s directors, Mr. J.J.R. Wadley and Mr. M.H. Wadley, are responsible for the company’s financial health. While the company is exempt from an audit, the unaudited figures suggest a period of adjustment, with increased debt offset by a substantial increase in cash reserves. It seems like the company is holding steady, but it’s worth keeping an eye on its financial performance in the coming months.

Registered in England/Wales under the registration number 03051380, with a registered address at GL2 5HL, Llanthony Road, Gloucester.

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