Pen Cutting Tools Limited

Pen Cutting Tools Limited, based in Middlesbrough, UK, is a small, holding company with an active status. Established 56 years ago in 1968, it employs 24 people and holds £831,752 in assets. The company operates from a real address and is overseen by two directors and a single owner. It regularly imports and exports basic metal tools and utensils, with 6 months of import activity and 9 months of export activity recorded.

The company’s website is unavailable, making it difficult to assess its online presence and sales channels. It’s likely they operate primarily through business-to-business sales rather than direct-to-consumer e-commerce.

Financially, Pen Cutting Tools Limited shows a mixed picture. Current assets have decreased by 20%, dropping to £830,000. Bank borrowings have increased by 7.8%, reaching £200,000, while cash reserves have grown by 37%, now sitting at £8,700. Trade debtors have fallen by 27%, suggesting improved collection of payments. Net assets have also decreased by 22%, down to £560,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it doesn't require an audit, relying on unaudited statements. The increase in bank borrowings, however, could indicate a need for capital investment or working capital support. The decrease in trade debtors is a positive sign, suggesting better financial management. The company's directors have been changed three months ago, which is a good sign.

Overall, Pen Cutting Tools Limited appears to be a stable, long-standing business facing some financial pressures, but with a solid foundation and a history of reliable imports and exports.

Registered in England/Wales under the registration number 00941929, with a registered address at S9 2LR, England, Sheffield, Pen Cutting Tools, Bold Street.

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