Premier Form Tools Limited

Premier Form Tools Ltd, based in Chippenham, UK, is a small, active company founded twelve years ago. With ten employees and £688,959 in assets, it operates from a virtual address, managed by two directors and two owners. Boasting a perfect 5.0 Google rating from two reviews, the company regularly imports and exports basic metal tools and utensils, with 44 months of import activity and 25 months of export activity.

The company’s website reveals a specialized business: manufacturing precision ground cutting tools. It caters to a high-end market, offering services like museum-grade piano restoration and disaster recovery for damaged instruments. The site lists a wide range of tooling, categorized by application, range, and tool selection, indicating a focus on providing comprehensive solutions for industrial clients. It even has a dedicated section for special tooling, suggesting a capability to meet custom requirements.

Financially, Premier Form Tools Ltd shows a mixed picture. Cash bank on hand increased significantly by 170%, reaching £240,000, while current assets grew by 26% to £690,000. However, trade debtors decreased by 3%, and accumulated depreciation increased by 9.1%. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the fluctuating debtor figures warrant attention. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

Overall, Premier Form Tools Ltd appears to be a well-regarded, specialized manufacturer navigating the challenges of a competitive market. The increase in cash reserves is a positive sign, but the company should monitor its debtor management to ensure continued financial health.

Registered in England/Wales under the registration number 08174726, with a registered address at SN15 3HR, England, Chippenham, Wiltshire, The Old Post Office, 41-43 Market Place.

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