Orbital Tools Ltd

Orbital Tools Ltd from Cramlington UK: a small, active company founded fifteen years ago, employs four people, and holds £531,587 in assets. It's a family business with two directors and two owners, boasting a perfect 5.0 Google rating based on three reviews. The company regularly imports machinery, boilers, and mechanical appliances, with 68 months of import activity recorded.

The company’s website highlights its expertise in orbital tube welding, cutting, bevelling, and pipe facing, offering both purchase and hire options. It caters to industries like petrochemical, nuclear, oil and gas, and aerospace, providing consultancy and training. The website also showcases a range of products, from enclosed weld heads to portable tube saws, and emphasizes its commitment to improving productivity for customers worldwide.

Financially, Orbital Tools Ltd’s recent performance presents a mixed picture. Current assets have increased by 15%, reaching £530,000, while net assets have grown significantly by 32%, reaching £430,000. However, bank borrowings have increased by 2,400%, reaching £29,000, and cash reserves have fallen 12% to £180,000. Creditors have decreased by 2.1%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in bank borrowings warrants attention. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Orbital Tools Ltd appears to be a solid, albeit small, operation. The company’s focus on specialized equipment and services, combined with its strong Google rating, suggests a loyal customer base. However, the increase in borrowing raises questions about its financial health and future investment plans.

Registered in England/Wales under the registration number 06922317, with a registered address at NE23 1WE, Cramlington, Northumberland, 22c Moorland Way, Nelson Park.

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