Solent Tools Limited

Solent Tools Ltd from Southampton UK: a small, active company established 18 years ago, employs three people, and holds £106,857 in assets. It’s a real address with three directors and one owner, operating an e-commerce site and maintaining a stellar 5.0 Google rating from 85 reviews. They regularly import machinery, boilers, and mechanical appliances, parts with 15 months of import activity.

The company’s website, salessolent.co.uk, specialises in spare parts and accessories for power tools and garden machinery. They offer compatibility with major brands including BQ Own Brand, Black Decker, Bosch, and more, with a user-friendly website simplifying the search for parts. They even offer custom-making parts.

Financially, Solent Tools Ltd shows a mixed bag. Bank overdrafts increased by a significant 28%, reaching £43,000, while cash reserves grew by 62%, hitting £37,000. Creditors rose by 22%, now at £110,000, and debtors decreased by 6%, now at £32,000. Equity took a hit, dropping 120% to -£1,400. Despite this, current assets increased by 13%, reaching £110,000. The company meets the criteria for being a small business, with turnover under £10.2 million and assets under £5.1 million. The accounts are unaudited and were prepared using FRS 102.

The increase in bank overdrafts and the decrease in equity are concerning, suggesting potential cash flow pressures. However, the growth in cash reserves and current assets indicates some level of resilience. The company’s focus on a niche market—spare parts for power tools and garden machinery—and its strong online presence could help it navigate these challenges.

Registered in England/Wales under the registration number 06175358, with a registered address at SO15 0HW, Southampton, Hampshire, Unit 009 Solent Business Centre.

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