High Torque Distribution Limited

High Torque Distribution Ltd from Coatbridge, UK, is a small holding company with an active status, celebrating 21 years since its founding in 2003. Employing just six people, the company holds £1,383,691 in assets and operates from a real address in Scotland. With one director and one owner, it functions as a regular importer of electrical machinery and equipment (18 months) and a regular exporter of iron or steel products (29 months).

The company's core business revolves around supplying performance parts to the automotive industry, acting as a wholesaler to trade customers. Its website, Torque Distribution, lists a vast array of brands – from ACT and Dinan to Kooks and Yokohama – catering to a wide range of vehicles. The site doesn't appear to be directly selling to consumers, instead focusing on a B2B model, with a login required for access to the full catalogue. It seems to be a trade-only supplier, and the website prominently displays contact details for wholesale inquiries. The company also has a section for becoming a dealer or supplier, suggesting a desire to expand its network.

Financially, High Torque Distribution Ltd presents a mixed picture. Current assets increased by 19% to £1,400,000, while net assets also rose 17% to £1,400,000. Bank borrowings increased significantly, by 12%, reaching £840,000, and cash reserves also increased by 12%, reaching £840,000. Trade debtors have increased by 22%, which could be a result of increased sales. Creditors decreased by 11%, which suggests better debt management. As a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it benefits from simplified reporting requirements, and the accounts are unaudited.

The company’s growth in assets and cash reserves is encouraging, but the increase in trade debtors warrants monitoring. The business’s focus on the automotive aftermarket, coupled with its B2B model, suggests a resilient business, but it's important to see if the increase in debtors is a temporary blip or a sign of underlying issues.

Registered in Scotland under the registration number SC249029, with a registered address at ML5 5EA, Scotland, Coatbridge, Lanarkshire, Coathill House, Old Monkland Road.

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