Norbar Torque Tools Limited

Norbar Torque Tools Limited, based in Banbury, UK, is a large, established company with a rich history spanning 81 years. Founded in 1943, this holding company employs 330 people and boasts impressive assets of £29,724,867, generating a yearly revenue of £41,784,694. With a real address and five directors, the company is a significant player in its sector, holding a perfect 5.0 rating on Google based on 15 reviews.

Norbar specializes in the design, development, and production of torque tightening and measuring equipment. Its website showcases a wide range of products, from torque screwdrivers and wrenches to calibration equipment and ultrasonic bolt measurement services. The company caters to various industries, including manufacturing, oil & gas, transportation, and aerospace, offering both standard and engineer-to-order solutions. They also provide comprehensive after-sales service, calibration, and training.

Financially, Norbar Torque Tools Limited shows a mixed picture. While turnover increased by 11%, to £42 million, net assets declined by 10%, settling at £31 million. Cash reserves fell by 19%, to £350,000, and bank borrowings surged by 50%, reaching £1.7 million. However, creditors decreased by 30%, suggesting improved debt management. The company’s large size (meeting two of three criteria for a large company) allows for economies of scale, but the decline in equity raises questions about its financial health. The company’s auditor, Luckmans Duckett Parker Limited, provided an unqualified opinion on the financial statements.

The company’s focus on high-quality torque equipment and its commitment to customer service are evident in its strong Google rating and testimonials. However, the financial data suggests that Norbar may be facing challenges in maintaining profitability, despite its strong revenue growth. The increase in bank borrowings could be a sign of increased investment or a response to rising costs.

Registered in England/Wales under the registration number 00380480, with a registered address at OX16 3JU, England, Banbury, Oxfordshire, Norbar Torque Tools Limited, Wildmere Road.

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