G&s Specialist Timber Tools And Machinery Limited

G&S Specialist Timber Tools and Machinery Ltd, based in Penrith, UK, is a small, active company established 23 years ago. Employing 19 people, the business holds £623,350 in assets and operates from a real address. With two directors and a single owner, the company runs an e-commerce site and maintains a 5.0 Google rating based on 121 reviews. It’s a regular importer of basic metal tools and utensils, with 30 months of import activity recorded, the last in August 2023.

The company’s website showcases a wide range of timber, tools, and woodworking supplies, catering to both professionals and hobbyists. From hand tools and power tools to timber, flooring, and finishing products, it's a one-stop shop for woodworking needs. The site also features a selection of brands like Arbortech, Bessey, and Robert Sorby, indicating a focus on quality and performance. It’s clear that G&S aims to be more than just a retailer; it’s a resource for woodworking enthusiasts.

Financially, the company’s numbers present a mixed picture. Current assets dropped by 3.7% to £620,000, while net assets plummeted 21% to £410,000. Bank borrowings increased by 33%, reaching £77,000, and cash reserves fell 94%, down to £130,000. Creditors, however, decreased by 24%, suggesting better management of short-term liabilities. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the significant drop in equity raises questions. The company’s accounts are unaudited, likely due to its small size, meaning the figures rely on director-reported data.

Overall, G&S Specialist Timber Tools and Machinery Ltd appears to be navigating a challenging financial period. While its e-commerce presence and product range remain strong, the company will need to address its declining equity and manage its borrowing levels to ensure long-term sustainability.

Registered in England/Wales under the registration number 04390444, with a registered address at CA11 0ES, United Kingdom, Penrith, Snuff Mill Lane, Stainton.

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