Straightset Limited

Straightset Ltd, based in Worksop, UK, is a large, active company established 37 years ago. Employing 88 people and holding assets of £10,932,829, the company generated a yearly revenue of £11,930,355. It operates from a real address and is managed by five directors and one owner, offering e-commerce services and boasting a Google rating of 4.0 from 26 reviews. The company regularly imports machinery, boilers, and mechanical appliances (parts for 131 months) and exports optical and medical tools and devices (8 months).

Straightset Ltd is a significant player in the garage equipment industry, offering a comprehensive range of services from supply and installation to maintenance. Its website showcases a vast catalog of products, including vehicle lifts, tyre equipment, and workshop tools, catering to both commercial and independent garages. The company partners with leading manufacturers like AMI, Bahco, and Beissbarth, ensuring a high standard of quality and reliability. The website’s design emphasizes technical expertise and customer support, with dedicated sections for parts finders and service contracts.

Financially, Straightset Ltd appears stable, though some trends warrant closer examination. Current assets increased by 13%, reaching £11 million, while turnover grew by 19% to £12 million. However, net assets decreased by 14%, falling to £7.4 million, and bank borrowings increased by 17% to £1.5 million. The company’s large size (meeting two of three criteria for a large company: turnover over £36 million, balance sheet total over £18 million, and average number of employees over 250) suggests a robust operation. The lack of an auditor mentioned (likely exempt due to size) means the figures rely on unaudited statements.

The company's focus on both supply and service, combined with its strong manufacturer partnerships, positions it well in a competitive market. The increase in bank borrowings, however, could indicate investment in expansion or working capital needs. Overall, Straightset Ltd seems to be a well-established and active player in the garage equipment sector, with a solid foundation for continued growth.

Registered in England/Wales under the registration number 02196324, with a registered address at S81 7BT, Avenue Worksop, Nottinghamshire, Stadium Close Dukeries, Industrial Estate Claylands.

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