Scarlet Tools Ltd

Scarlet Tools Ltd from Edgware UK is a small, active company founded 12 years ago in 2012. It employs just two people and holds £142,771 in assets, operating from a virtual address shared by 73 other companies. The company is led by a single director and owner, who is also the solo founder. Scarlet Tools Ltd regularly imports basic metal tools and utensils, with 21 months of import activity recorded, the latest in January 1st, 2024. It operates in the non-specialised wholesale trade industries.

The company’s website is non-existent, which means there is no e-commerce activity. It’s likely Scarlet Tools Ltd operates as a wholesale supplier, selling its imported tools to retailers or other businesses. Without a website, it’s difficult to assess its market reach or customer base.

Financially, Scarlet Tools Ltd presents a mixed picture. Current assets have increased by 22% to £140,000, while net assets have grown by 33% to £83,000. Bank borrowings have decreased by 34%, reaching £6,700, and cash reserves have increased by 39% to £15,000. Creditors have increased by 8%, suggesting a reliance on trade credit. The company meets two of three conditions to be considered small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). The increase in cash reserves and decrease in bank borrowings are positive signs, suggesting better cash flow management. However, the increase in creditors should be monitored to ensure it doesn't become unsustainable. The company is exempt from an audit, so the figures are unaudited.

Shah Ramita is both the director and owner of Scarlet Tools Ltd. The list of owners was changed five years ago. The company was incorporated twelve years ago on June 20, 2012. The registration address is HA8 9UU, England, Edgware, C/O Ashley King Ltd, 68 St. Margarets Road. The company’s top import category is Basic metal tools and utensils, imported for twenty one months.

Registered in England/Wales under the registration number 08112042, with a registered address at HA8 9UU, England, Edgware, C/O Ashley King Ltd, 68 St. Margarets Road.

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