Production Tool Supplies Ltd

Production Tool Supplies Ltd, based in Toomebridge, Northern Ireland, is a small, active company founded ten years ago in 2014. With a real address and two directors, it operates with a single employee and holds £126,323 in assets. The company is a irregular importer, primarily dealing in machinery, boilers, and mechanical appliances – parts, with the most recent import activity occurring in December 2024. Its website, Production Tool Supplies, suggests a focus on Warrenpoint, Co. Down.

The company operates in the manufacture of tools industries. While the website doesn’t explicitly detail e-commerce functionality, it presents a professional image, suggesting a business-to-business model rather than direct consumer sales. It’s likely that the company supplies tools and equipment to other businesses in the region.

Financially, Production Tool Supplies Ltd presents a mixed picture. Cash bank on hand increased significantly by 110% to £19,000, which is a positive sign. However, net assets liabilities also increased by 80% to £40,000, and bank borrowings decreased by 34% to £16,000. Trade debtors increased by 11% to £100,000, which could indicate delayed payments from customers. Creditors also increased by 2.6% to £86,000. The company meets the criteria for a small company – turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited.

The significant increase in net assets liabilities, despite the rise in cash, suggests that the company is reinvesting in its business, possibly acquiring more stock or equipment. However, the rise in trade debtors should be monitored closely to ensure timely payments. The company's solo founder, Mulholland Owen, and director, James Trainor, are responsible for navigating these challenges.

Registered in Northern Ireland under the registration number NI626373, with a registered address at BT41 3SR, Northern Ireland, Antrim, 17a Creagh Hill, Toomebridge.

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