Screw Centre Ltd

Screw Centre Ltd is a small, active company based in Chester, UK, founded just one year ago in September 2023. The company employs thirty-five people and holds £1,871,999 in assets, operating from a virtual address shared by sixty-eight other companies. It's a holding company with two directors and one owner, running an e-commerce site and irregularly importing machinery, boilers, and mechanical appliances—parts were imported two months ago. The company operates in the retail sale of hardware, paints, and glass in specialised stores.

The Screw Centre website showcases a vast range of products, from hand tools and fasteners to power tools, workwear, and garden equipment. It’s a comprehensive online marketplace for tradespeople and DIY enthusiasts, with a clear focus on competitive pricing and a user-friendly shopping experience. The site’s design is clean and functional, with a well-organized product catalog and detailed specifications. It’s a popular destination for those seeking quality tools and supplies.

Financially, Screw Centre Ltd presents a mixed picture. Accumulated depreciation on intangible assets has increased significantly to £120,000, while depreciation on motor vehicles has also risen. The company’s bank balance remains stable at £300,000, but creditors have remained at £2,700,000. The company’s net current assets decreased to -£860,000, and losses have increased to -£230,000. Despite these challenges, the company’s £1,871,999 in assets suggests a solid base. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the equity drop raises questions. The company’s auditor is UHY Hacker Young, and the financial statements are unaudited.

It’s clear that Screw Centre Ltd is navigating a competitive market, but its strong online presence and diverse product range position it for continued growth—although it’s important to monitor its financial performance closely.

Registered in England/Wales under the registration number 15148907, with a registered address at CH1 1QY, United Kingdom, Chester, St John's Chambers, Love Street.

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