Power Tool Centre Ltd

Power Tool Centre Ltd, based in Liverpool, UK, is a small, active family business established 22 years ago. Employing 23 people, the company holds assets valued at £2,215,712. It operates from a virtual address, a detail worth noting as 201 other companies are also registered there. The business is run by three directors and two owners, and it has an e-commerce site. It imports basic metal tools and utensils irregularly, with just one month of import activity recorded in 2018, and exports electrical machinery and equipment, also irregularly, with one month of export activity in 2023.

The company’s core activity involves the retail sale of new goods in specialised stores, alongside other service activities. Its website, Anglia Tool Centre, showcases a wide range of power tools and accessories, from drills and saws to workwear and hardware. The site boasts a comprehensive selection of brands like Dewalt, Makita, Milwaukee, and Festool, and offers free delivery on orders over £100. The website also has a section for special offers and clearance sales, and provides advice and specialist support.

Financially, Power Tool Centre Ltd’s recent performance presents a mixed picture. Cash bank holdings remained stable at £1.2 million, but current assets decreased slightly by 3.7% to £2.2 million. Debtors fell significantly by 43%, which could indicate improved collections or a reduction in credit sales. However, creditors increased by 18%, and other creditors rose sharply by 71%, suggesting increased short-term obligations. The company’s net assets decreased by 2.5%, and the company’s average number of employees increased by 13% to 26. The company’s plant machinery has seen a 50% increase in depreciation. The company’s financial statements are unaudited, as it is exempt as a small company.

The company’s reliance on irregular imports and exports could create supply chain vulnerabilities, and the increase in creditors suggests a need for careful cash flow management. Despite these challenges, the company’s focus on a niche market and its online presence position it for continued success.

Registered in England/Wales under the registration number 04745386, with a registered address at L24 8RL, England, Liverpool, Merseyside, Unit 4 Hurricane Drive, Hurricane Business Park.

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