Spring Tooling Limited

Spring Tooling Limited, based in Bromsgrove, UK, is a small, family-run business with an active status. Founded 50 years ago in 1974, the company employs 18 people and operates from a real address within the Saxon Business Park. With four directors and two owners, it’s a well-established operation. The company regularly imports basic metal tools and utensils—a practice spanning 36 months—while also exporting machinery, boilers, and mechanical appliances; parts, for a substantial 66 months.

The company's core business revolves around toolmaking for the spring industry, specializing in tungsten carbide and high-speed steel. It’s a business that seems to have a strong, traditional base. The website, while not actively used for e-commerce, provides a glimpse into the company's history and expertise.

Financially, Spring Tooling Limited presents a picture of stability. Cash bank on hand has increased by 12%, reaching £470,000, and debtors have decreased by 25%, dropping to £150,000. Creditors have also seen a slight decrease, falling 5.3% to £180,000. Equity, however, has remained stagnant at £5,000, and property, plant, and equipment has decreased by 2.3% to £1.1 million. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in property, plant, and equipment is something to keep an eye on. As a small company, it's exempt from an audit, and the accounts are reviewed by accountants.

Overall, Spring Tooling Limited appears to be a financially sound business, benefiting from its long history and specialized expertise. The company’s continued success likely depends on maintaining its reputation for quality and adapting to changing market demands.

Registered in England/Wales under the registration number 01178868, with a registered address at B60 4AD, Bromsgrove, Worcestershire, Saxon Business Park, Hanbury Road Stoke Prior.

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