Paragon Toolmaking Co Limited

Paragon Toolmaking Co Ltd from Hull, UK, is a small holding company with an active status, established fourteen years ago in 2011. The company employs twenty-two people and holds assets valued at £1,421,776. It operates from a real address and is led by one director and one owner. Paragon Toolmaking is an irregular importer and exporter of basic metal tools and utensils, with import activity spanning one month and export activity spanning two months.

The company specializes in toolmaking, offering a comprehensive range of services from concept and design to manufacture and assembly. Its website highlights expertise in tooling for various industries, including aerospace, automotive, and medical, with a focus on progression, stage, and deep-draw tools. It also provides services like CAM machining, EDM wire cutting, and grinding, alongside tool trials, sample production, and aftersales support. The website emphasizes a “one-stop shop” service and a team of experienced, long-serving engineers.

Financially, Paragon Toolmaking’s performance presents a mixed picture. Current assets have decreased by 11% to £1,400,000, while net assets have fallen by 27% to £360,000. Bank borrowings have significantly reduced by 36% to £130,000, and cash reserves have dropped by 46% to £130,000. Creditors have increased by 46% to £400,000, and trade debtors have risen by 18% to £860,000. The company meets the criteria for a small company, with turnover below £10.2 million, assets below £5.1 million, and fewer than 50 employees. The company’s accounts are unaudited, likely due to its small size.

The decrease in cash reserves and the increase in creditors suggest Paragon Toolmaking might be facing some financial pressures. However, the reduction in bank borrowings indicates improved debt management. It’s possible the company is investing in new equipment or expanding its operations, which could explain some of these changes. The company’s website and services seem well-established, but the financial data warrants closer monitoring.

Registered in England/Wales under the registration number 07567189, with a registered address at HU5 4JB, England, Hull, East Riding Of Yorkshire, 321 National Avenue.

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