Principal Power Tools Limited

Principal Power Tools Ltd, based in Rotherham, UK, is a small, active company founded 31 years ago. With four employees and £488,221 in assets, it’s a well-established player in the power tool industry. The company, owned and directed by Armitage Shaun, maintains a real address and boasts a perfect 5.0 Google rating from two reviews. It’s a regular importer of machinery, boilers, and mechanical appliances, with 91 months of import activity recorded.

The company's website paints a picture of a specialist supplier catering to a diverse range of industries, including aerospace, rail, and vehicle manufacturing. Principal Power Tools isn’t just a retailer; it’s a provider of pneumatic tool expertise, vibration testing, and consultancy services. They work with major tool manufacturers and even offer hand arm vibration testing, highlighting a commitment to safety and compliance. The website has a blog, which is nice.

Financially, Principal Power Tools Ltd shows a mixed bag. Current assets dipped slightly by 2.5% to £490,000, while net assets remained steady at £350,000. Bank borrowings increased by 12% to £42,000, and cash reserves decreased by 13% to £160,000. Trade creditors decreased by 19%, which is good, but other debtors increased significantly—by 1800%—to £19,000. Merchandise stocks, however, saw a substantial rise of 57%, reaching £70,000. As a small company meeting two of three criteria (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), it benefits from simplified reporting requirements and likely operates without an external auditor.

Overall, Principal Power Tools Ltd appears to be a stable, if somewhat lean, operation. The increased stock levels and rising other debtors suggest a possible shift in business practices, but whether this is a temporary fluctuation or a longer-term trend remains to be seen.

Registered in England/Wales under the registration number 02924424, with a registered address at S62 6JG, England, Rotherham, South Yorkshire, Unit 2d Lloyd Street, Parkgate.

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