Industrial Tooling Products (uk) Limited

Industrial Tooling Products (uk) Limited, based in Chesterfield, UK, is a small, active company established 39 years ago in 1985. With three employees and £111,933 in assets, it operates from a real address and is overseen by one director and owner, Bagshaw Andrew. The company regularly imports machinery, boilers, and mechanical appliances, with parts being imported for five months, the latest operation occurring in March 2024.

The company’s website indicates it specializes in wholesale of machine tools, catering to the industrial sector. It doesn’t appear to be an e-commerce operation, instead focusing on business-to-business sales. The site is well-maintained and professional, reflecting a focus on industry expertise.

Financially, Industrial Tooling Products (uk) Limited presents a mixed picture. While current assets have increased by 22% to £110,000, net assets have decreased by 23% to -£160,000. Bank borrowings have risen significantly by 10%, reaching £35,000, and cash reserves remain steady at £94. Creditors have decreased by 14%, suggesting improved debt management. The company meets two of the three criteria to be considered small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). The decrease in equity is a notable trend, potentially reflecting investments or operational losses. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The company’s consistent import activity and focus on a specific industrial niche suggest a stable business model, but the declining equity warrants further observation. The director, Bagshaw Andrew, appears to be actively involved, and the company’s longevity speaks to its resilience, though it’s important to note that the financial data is not independently verified.

Registered in England/Wales under the registration number 01942165, with a registered address at S44 5HN, Chesterfield, Derbyshire, 5 Waterloo Court, Markham Lane Markham Vale.

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