The Hand & Power Tool Centre Limited

The Hand & Power Tool Centre Limited, based in Sutton-In-Ashfield, UK, is a small, active company established twenty years ago. With six employees and £290,302 in assets, it operates from a real address and is managed by a single director and owner, Farmer Guy Harris. The company has a solid 4.0-star Google rating based on four reviews. It’s an irregular importer, primarily dealing with iron or steel products, with its last import operation occurring one month ago.

The company’s website is non-existent, so it’s difficult to know exactly what they do. However, they operate in the other retail sale in non-specialised stores industries.

Financially, The Hand & Power Tool Centre Limited shows a mixed picture. Current assets have increased by 19%, reaching £290,000, while cash reserves have seen a dramatic surge, increasing by 2700% to £60,000. However, bank borrowings have also increased, reaching £4,500. Creditors have risen by 11%, reaching £130,000, and trade debtors have decreased by 8.8%, falling to £150,000. Equity has increased by 43%, reaching £110,000. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the increase in creditors suggests they may be relying on credit to keep operations running. The lack of an auditor mentioned is likely due to the company’s exemption as a small business.

Overall, The Hand & Power Tool Centre Limited appears to be holding its own, but the reliance on credit and the fluctuating debtor figures warrant close monitoring.

Registered in England/Wales under the registration number 05438829, with a registered address at NG17 2JT, Sutton-In-Ashfield, Nottinghamshire, Hand & Power Common Road, Huthwaite.

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