Rennie Tool E-sales Limited

Rennie Tool E-Sales Ltd, based in Stockport, UK, is a small, active family business founded six years ago. Employing five people, the company holds £1,122,422 in assets and operates from a real address. With three directors and two owners, Rennie Tool E-Sales Ltd runs an e-commerce site and enjoys a stellar 5.0 Google rating based on 107 reviews. They regularly import basic metal tools and utensils, with 42 months of import activity recorded.

The company’s website, esalesrennietool.co.uk, showcases a vast selection of tooling equipment, catering to professionals and hobbyists alike. From solid carbide endmills to drill bits and saw blades, Rennie Tool E-Sales Ltd positions itself as a leading supplier of CNC and lathe tooling. The site emphasizes same-day dispatch, free shipping on orders over £30, and a commitment to customer support. It also highlights partnerships with leading brands like Dewalt, Makita, and Festool.

Financially, Rennie Tool E-Sales Ltd demonstrates a mixed picture. Cash bank on hand increased by a substantial 75%, reaching £110,000, while current assets grew by 30% to £1,100,000. However, creditors decreased by 18%, suggesting a need to manage debt. Net assets increased by 64% to £890,000, and trade debtors rose by 19%. The company’s small size—meeting two of three conditions for being considered small—helps maintain agility. The increase in bank borrowings by 2,400% to £29,000 and a decrease in other creditors by 33% to £40,000 are notable. With no auditor mentioned, the financial statements are unaudited.

The company's growth in assets and cash reserves is encouraging, but the rise in bank borrowings and the decrease in other creditors suggests a need to carefully monitor cash flow. The company's strong online presence and positive customer reviews indicate a solid foundation for continued success, but the financial data highlights the challenges of managing a growing business.

Registered in England/Wales under the registration number 11456707, with a registered address at SK1 3JN, England, Stockport, Rennie Tool E-Sales Ltd, Carrington Field Street.

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