Henry Taylor (tools) Limited

Henry Taylor Tools Ltd, based in Sheffield, UK, is a small, family-run business with an active status, celebrating 52 years in operation. Employing 15 people, the company holds £822,861 in assets and operates from a real address. Two directors and two owners manage the business, which has been importing iron and steel for 16 months and exporting basic metal tools and utensils for a substantial 73 months.

The company's website reveals a heritage stretching back to 1834, specializing in woodturning and woodworking tools. It offers a wide range of products, including tools from brands like Diamic, Acorn, and Hamlet, catering to both professional woodworkers and hobbyists. The site highlights a commitment to handcrafted quality, with a focus on traditional methods and British craftsmanship. It’s clear that Henry Taylor Tools is more than just a retailer; it’s a custodian of a historic trade.

Financially, Henry Taylor Tools Ltd shows a mixed picture. Current assets decreased by 3.8% to £820,000, while net assets fell 1.8% to £720,000. Bank borrowings increased by 19%, reaching £200,000, and cash reserves fell 39% to £130,000. Creditors decreased by 39%, which could be a positive sign of improved debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decrease in cash reserves warrants attention. As a small company, it’s likely exempt from a full audit, so the figures are unaudited.

Overall, Henry Taylor Tools Ltd appears to be a resilient business navigating a competitive market. Its long history, commitment to quality, and family ownership provide a solid foundation, but close monitoring of cash flow will be important for continued success.

Registered in England/Wales under the registration number 01094293, with a registered address at S6 2BL, Sheffield, The Forge,Peacock Estate, Livesey Street.

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