Life Tools Ltd

Life Tools Ltd is a small, active company based in Stoke On Trent, UK, founded five years ago in 7023. The company employs just one person and holds £11,124 in assets. It operates as a solo-founded business with one director and owner, and it runs an e-commerce site. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website is simple, and it’s clear that it’s focused on selling products online. While the specifics of what Life Tools Ltd sells aren't immediately apparent, the site suggests a focus on practical tools or accessories—though further investigation would be needed to confirm this.

Financially, Life Tools Ltd presents a mixed picture. Current assets have increased by a substantial 150% to £11,000, which is good news. However, net assets and liabilities both experienced a significant drop of 110%, ending at just £60. Bank borrowings are up 25%, and creditors have doubled to £11,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the sharp decline in equity is a cause for concern. There’s no auditor mentioned, so the figures are unaudited.

It’s possible that the company has invested heavily in inventory, which explains the increase in creditors and the drop in net assets. It’s also possible that the company is experiencing cash flow problems, which would explain the increase in bank borrowings. It is difficult to say for sure without more information.

Registered in England/Wales under the registration number 12181813, with a registered address at ST7 4NZ, Stoke On Trent, 2 Central Street, Mowcop.

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