Smith Tool Traders Ltd

Smith Tool Traders Ltd, based in London, UK, is a small, active company founded just four years ago. With £187,558 in assets and a real address at 1 Verdant Lane, it’s a solo-founded operation managed by one director and owner, Kovacs Bence. The business has a stellar 5.0 Google rating from 11 reviews and regularly imports basic metal tools and utensils, with the most recent activity recorded three months ago.

The company operates in the wholesale of machine tools industries, offering a range of power tools, tool hire, hand tools, and repair services through its website, Smith Tools Warehouse. The site features a wide selection of products, from tile levelling systems to pressure washers, and emphasizes competitive pricing and fast delivery. It even offers a 5% discount on first orders.

Financially, Smith Tool Traders Ltd shows some interesting trends. Cash bank on hand dropped by a significant 62%, falling to £3,300. Creditors decreased by 3.4% to £300,000, which could suggest better debt management. However, net assets liabilities increased by 76% to £22,000, and net current assets liabilities improved by 9%. While the company meets two of three conditions to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the decrease in cash reserves is something to keep an eye on. The company is exempt from an audit as a small company, so the figures are unaudited.

It seems Smith Tool Traders Ltd is navigating the challenges of a small business, balancing a strong online presence with the pressures of managing cash flow.

Registered in England/Wales under the registration number 13345498, with a registered address at SE6 1JB, England, London, 1 Verdant Lane.

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