Horn Cutting Tools Limited

Horn Cutting Tools Limited, based in Purley, UK, is a large, active company founded 17 years ago. Employing 45 people and holding £5,428,779 in assets, it operates from a virtual address – a detail worth noting as 54 companies are registered at the same location. The company is led by two directors and has one owner, Markus Horn, and boasts a respectable Google rating of 4.0 based on five reviews. It regularly imports and exports basic metal tools and utensils, with a history of 141 months of imports and 82 months of exports.

The company’s website showcases a comprehensive range of products and services, primarily focused on cutting tool solutions for various industries. It's clear that Horn Cutting Tools operates a robust e-commerce platform, the “HORN eShop,” offering products like turning, milling, and gear cutting tools. The site also includes downloadable catalogues, technical instructions, and cutting data calculators, suggesting a focus on providing technical support to its customers. News sections highlight recent developments, including awards and interviews, and demonstrate a commitment to innovation.

Financially, Horn Cutting Tools Limited presents a mixed picture. While current assets increased by 13% to £5,400,000, net assets saw a significant jump of 26% to £2,900,000. However, bank borrowings increased by a substantial 770% to £70,000, and cash reserves fell 28% to £2,300,000. Interestingly, deferred tax expense credit relating to origination reversal timing differences decreased by 490%, and interest income on bank deposits increased by 800%. The company’s auditor, Knox Cropper LLP, conducted the audit, and the accounts are prepared in accordance with FRS 102. The company’s small size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and more than 250 employees) helps it stay agile, but the sharp equity drop raises questions.

Overall, Horn Cutting Tools Limited appears to be a financially stable company, though the increase in borrowings should be monitored. The company’s strong online presence and focus on technical solutions position it well for continued success in the cutting tool industry.

Registered in England/Wales under the registration number 06427770, with a registered address at CR8 2BR, Purley, Surrey, Palmerston House, 814 Brighton Road.

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