G Sharp Tools Limited

G Sharp Tools Ltd from Salisbury UK: a small, active company founded 14 years ago, employs just two people, and holds £8,626 in assets. It's a family business with a perfect 5.0 Google rating based on 20 reviews, and operates as an irregular importer of basic metal tools and utensils, with its last import activity dating back to 1918. The company is run by two directors and two owners, and has a real registered address.

The core of G Sharp Tools Ltd revolves around the "Sharp Edge" chisel and plane blade sharpener, marketed through its website. The site highlights the tool's simplicity, robustness, and ability to achieve consistent, sharp edges—a key selling point for woodworking enthusiasts. It even features testimonials from satisfied customers, emphasizing ease of use and improved honing results. The website also includes a FAQ section and a contact form, and even has a retail account request form.

Financially, G Sharp Tools Ltd presents a mixed picture. Current assets have plummeted 57%, dropping to £8,600, while net assets have also decreased significantly, falling 11% to -£42,000. Bank borrowings have decreased by 32%, but cash reserves have also dropped by 57% to £5,600. Interestingly, trade debtors have increased by 57%, suggesting a potential shift in payment terms. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit.

The sharp decline in assets and cash reserves, coupled with increased trade debtors, suggests G Sharp Tools Ltd is facing financial pressures. However, the positive customer reviews and the niche product—the "Sharp Edge" sharpener—indicate a loyal customer base and potential for future growth. The lack of an auditor mentioned in the report means these figures are unaudited.

Registered in England/Wales under the registration number 07383371, with a registered address at SP1 3QU, Salisbury, Wiltshire, 1 Pauls Dene Crescent.

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