Saws Direct Limited

Saws Direct Ltd from Kettering UK: a small, holding company with an active status, was founded fifteen years ago in 2009. The company holds £553,643 in assets, operates from a virtual address, and is managed by five directors and one owner. It’s a regular importer of machinery, boilers, and mechanical appliances, parts, with nineteen months of import activity recorded, the latest in June 2024.

The company’s website showcases a comprehensive range of metal cutting equipment, including bandsaws, circular saws, and steelworkers, catering to industrial clients. It operates an e-commerce site, allowing customers to buy online, and provides services like ordering, delivery, and servicing. The company’s website also mentions an accreditation scheme and a safe contractor status, suggesting a commitment to quality and safety.

Financially, Saws Direct Ltd shows a mixed picture. Current assets increased by 28% to £550,000, while net assets grew by 18% to £380,000. Cash bank on hand jumped 22% to £400,000, indicating improved liquidity. However, corporation tax payable increased significantly by 110% to £20,000, and creditors rose by 59% to £170,000. Trade debtors also increased by 49% to £150,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the rise in liabilities warrants attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Saws Direct Ltd appears to be a stable, albeit small, business that is importing regularly and growing its assets. The increase in liabilities, however, suggests it’s burning through cash a little faster than it’s bringing it in, and it’s important to keep an eye on these trends going forward.

Registered in England/Wales under the registration number 06933232, with a registered address at NN15 6WJ, England, Kettering, Northamptonshire, Headlands House 1 Kings Court, Kettering Parkway.

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