Powertoolhub Ltd

Powertoolhub Ltd from Norwich UK is a small, active company founded three years ago. With a single employee and £3,297 in assets, it operates as an e-commerce site boasting a stellar 5.0 Google rating from 231 reviews. The company is run by one director and two owners, and has a real registered address.

The website, PowerToolHub Ireland, is clearly focused on selling power tools and accessories. It offers a wide range of products, from drills and impact drivers to saws, grinders, and safety wear. The site features a clean layout, detailed product descriptions, and competitive pricing. It also offers free delivery on orders over £100. The site’s focus is on providing a comprehensive selection of tools for both professionals and DIY enthusiasts.

Financially, Powertoolhub Ltd's recent report paints a mixed picture. Current assets have fallen considerably, dropping by 40% to £3,300, while bank borrowings have increased to £120. Cash reserves have also decreased significantly, falling 60% to just £1,400. Creditors have decreased by 7%, which is good. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the sharp decline in equity—down 96%—is concerning. The report doesn’t mention an auditor, which is common for small companies.

It seems Powertoolhub Ltd is facing some financial headwinds. The decrease in assets and cash reserves suggests the company is burning through money. Whether this is a temporary setback or a longer-term trend remains to be seen, but it’s clear that Powertoolhub Ltd needs to carefully manage its finances to ensure its survival.

Registered in England/Wales under the registration number 13695062, with a registered address at NR6 7QY, England, Norwich, 60 Lowry Cole Road.

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