Industrial Tooling Corporation Limited

Industrial Tooling Corporation Ltd, based in Tamworth, UK, is a sizable company with a history spanning 34 years. Founded in 1991, it operates as a holding company and employs 63 people, managing assets worth £6,370,491 and generating annual revenue of £11,933,859. The company has a real address, five directors, and one owner, and it runs an e-commerce site with a stellar 5.0 Google rating from three reviews. It regularly imports and exports basic metal tools and utensils, with 293 months of import activity and 70 months of export activity.

The company's website highlights its specialization in precision cutting tools, catering to industries like aerospace, defence, automotive, and power generation. It offers a wide range of endmills, drills, taps, and reamers, alongside router bits and tooling for sign making. The site also features partnerships with BIG KAISER and WIDIA, showcasing high-precision tooling systems and performance-driven solutions. The website's design is modern and user-friendly, with clear product categories and informative content.

Financially, Industrial Tooling Corporation Ltd presents a mixed picture. While turnover remained steady, key metrics show some concerning trends. Creditors increased by 12%, while bank borrowings decreased significantly by 87%, and cash bank on hand increased by 180%. Depreciation expense on plant machinery decreased by 40%, and staff costs decreased by 15%. The company's net assets decreased by 7.7%. The company’s tax expense increased by 35%. The company’s auditor is Cooper Parry Group Limited.

Despite the challenges, the company’s strong Google rating and partnerships suggest a commitment to quality and customer service. The decrease in staff costs may indicate efforts to streamline operations, and the increase in cash reserves could provide a buffer against future uncertainties. The company’s continued focus on precision tooling and its established relationships with key suppliers position it for long-term success, but careful management of its financial position will be crucial.

Registered in England/Wales under the registration number 02573537, with a registered address at B79 7XE, Tamworth, Staffordshire, Unit 1 Kepler, Lichfield Road Industrial Estate.

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