Simpson And Mclean Tooling Limited

Simpson And Mclean Tooling Limited, based in Sheffield, UK, is a small, active company founded four years ago. With two employees and £189,159 in assets, it operates from a virtual address—a fact highlighted by the presence of 25 other companies registered at the same location. The company is led by two directors and two owners, and boasts a stellar 5.0 Google rating based on a single review. It’s a regular importer of basic metal tools and utensils, with 30 months of import activity recorded.

The company’s website, smctools.co.uk, functions as an online sales platform for Simpson Mclean Tools, an independent cutting tool supplier. It offers a range of CNC tools and related equipment, catering to commercial and industrial customers. The site features case studies, a blog, and a contact form, encouraging engagement and support. It also highlights a partnership with ALPA Metrology and Karcan Cutting Tools, expanding its product offerings. The website clearly emphasizes a focus on quality, competitive pricing, and expert advice.

Financially, Simpson And Mclean Tooling Limited presents a mixed picture. Current assets have increased by 69% to £190,000, while cash reserves have surged an impressive 77% to £46,000. However, trade debtors have risen significantly by 140%, reaching £110,000, which could indicate challenges in collecting payments. Creditors have also increased by 37%, reaching £160,000. Equity has seen a dramatic turnaround, jumping from a loss of £650 to a positive £33,000. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit.

Overall, Simpson And Mclean Tooling Limited appears to be financially stable, with strong asset growth and a positive equity position. The increase in trade debtors warrants monitoring, but the company’s online presence and focus on quality cutting tools position it well for continued success. The dramatic increase in equity is a good sign, but the company should keep a close eye on its debtors to ensure cash flow remains healthy.

Registered in England/Wales under the registration number 13260489, with a registered address at S2 4DH, England, Sheffield, Unit 4 164-170 Queens Road.

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