J M Tools Ltd

J M Tools Ltd from Preston UK: a small, active company founded 14 years ago, employs nine people, and holds £869,495 in assets. It’s a family business with three directors and two owners, boasting a perfect 5.0 Google rating based on one review. The company is an irregular importer, bringing in basic metal tools and utensils, with the last import operation occurring one month ago in February 2024.

The company’s website highlights its expertise in tool regrinding and cutter regrinding services nationwide. Established in 1983 by current owner and Managing Director John Milne, JMT initially provided solutions for the local manufacturing industry, quickly becoming a one-stop shop for new cutters and regular regrinding. The website details a commitment to quality, fast turnaround, and competitive pricing. It also mentions a location in Broughton, Preston, and a contact email address.

Financially, J M Tools Ltd shows a generally positive trend. Current assets increased by 30% to £870,000, while net assets grew by 27% to £680,000. Cash reserves saw a substantial increase of 42%, reaching £640,000. Creditors also rose by 35%, to £220,000, and bank borrowings increased to £7,100. The company’s small size—meeting two of three conditions for a small company—allows for agility, but the increase in creditors suggests a need to manage debt. Depreciation on plant machinery increased by 11%, and on motor vehicles by 25%, which could indicate investment in equipment. As a small company, it's exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 07625853, with a registered address at PR3 5JA, Preston, Lancashire, Bridge House 425 Garstang Road, Broughton.

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