Pen Cutting Tools Limited

  • Small
  • Holding
  • Active
  • 56 years
  • 24 employees
  • £831,752 (assets)
  • Real address
  • 2 directors
  • 1 owner
  • Regular importer
  • Regular exporter

Field of Operation

Manufacture of tools
25730 1035 companies

Social media

Summary

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.

Owners & PSC

  • 12896956
  • 6 years
  • 75%+

Managers

  • 5 months
  • 8
Commercial director
  • 5 months
  • 4
Managing director

Last reports

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Last news

  1. Director's details changed for Mr Malcolm Badger on 2025-06-04
  2. Director's details changed for Mr Benjamin Au on 2025-06-04
  3. Registered office address changed from The Coach House Snowdon Road Middlesbrough North Yorkshire TS2 1LR England to Pen Cutting Tools Bold Street Sheffield S9 2LR on 2025-06-09
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Importer profile by HS codes

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Last imported products

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Buy the list of 1477 UK B2B buyers of basic metal tools and utensils.
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Exporter profile by HS codes

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Last exported products

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  • Financial data
  • Officers and owners
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