Prima Tooling Limited

Prima Tooling Ltd, based in Colchester, UK, is a small, active company established twelve years ago in 2012. With fifteen employees and £970,710 in assets, it operates from a virtual address – a fact highlighted by the presence of twenty-one other companies registered at the same location. The company is led by two directors and owned by two individuals, Wiggins Paul Robert and Cattle Mark Steven. It regularly imports and exports basic metal tools and utensils, with seventeen months of import activity and eighty-two months of export activity recorded.

The company’s website showcases Prima Tooling as a precision cutting tool manufacturer, specializing in wood, composite, metal, and foam tooling. It offers a wide range of products, including CNC router cutters, PCD end mills, and solid carbide tooling, catering to various industries. The site highlights its expertise in PCD tooling and its ability to provide custom solutions. It’s clear they are a B2B supplier, not a direct-to-consumer retailer.

Financially, Prima Tooling Ltd presents a mixed picture. While cash reserves increased by 23% to £560,000, net assets remained unchanged at £1,300,000. Bank borrowings decreased by 42%, indicating improved debt management. However, trade debtors dropped by a significant 35%, which could suggest challenges in collecting payments. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decrease in debtors warrants closer attention. The company's production average number of employees increased by 6.7%, which could be a good sign of growth. There is no auditor mentioned, likely due to the company being exempt as a small entity.

Overall, Prima Tooling Ltd seems to be a stable, albeit small, business. Its focus on specialized tooling and its ability to adapt to customer needs appear to be key strengths. The decrease in debtors is something to keep an eye on, but the company’s financial position doesn't suggest immediate concerns.

Registered in England/Wales under the registration number 08308244, with a registered address at CO7 6QT, United Kingdom, Colchester, Essex, Unit 3c, The Gattinetts Hadleigh Road, East Bergholt.

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