Power Tools Direct Online Limited

Power Tools Direct Online Ltd from Littlehampton UK is a small, active company founded fourteen years ago in 2010. Employing eight people, the company holds £425,115 in assets and operates from a real address in Rustington. It's a family business with two directors and two owners at the helm, running an e-commerce site selling a wide range of power tools and accessories.

The company's website, powertoolsdirect.com, showcases an extensive catalog—from cordless drills and saws to woodworking machines and safety equipment. It caters to both professional tradespeople and DIY enthusiasts, offering a variety of brands and price points. The site emphasizes competitive pricing, a wide selection, and a user-friendly shopping experience, with a dedicated section for “Top Brands” and a helpful blog with product guides and advice.

Financially, Power Tools Direct Online Ltd has experienced some mixed trends. Current assets decreased by 9.2% to £430,000, while net assets plummeted 51% to just £34,000—a significant drop. Bank borrowings increased, reaching £4800, and cash reserves fell 13% to £170,000. Creditors also decreased slightly. The company meets two of three criteria to be considered a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, which is common for small companies.

The decrease in net assets is notable and suggests a possible need to manage expenses or improve profitability. However, the company’s strong online presence and wide product range indicate a continued demand for its services. It’s likely that the company is trying to grow, and that’s why they are borrowing money.

Registered in England/Wales under the registration number 07321066, with a registered address at BN16 3HQ, Littlehampton, West Sussex, Unit J1 Dominion Way, Rustington.

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