Tool Fast Direct Limited

Tool Fast Direct Limited, based in Wishaw, UK, is a small, active company established 20 years ago. With £11,225 in assets, a real address, and a single director and owner—the solo founder Boyle Christopher Michael—it operates in the retail sale via mail order houses or via internet. The company’s website, Toolfast Direct, is a leading UK supplier of fasteners, fixings, hand tools, and power tools, offering over 40,000 products online. It caters to a wide range of customers, stocking well-known brands like Stanley, Bahco, and Estwing.

The website’s extensive product range, from SDS Max spade bits to floor sanding discs, clearly indicates an e-commerce focus. It’s a well-established online retailer, with a professional website, a dedicated helpline, and a focus on fast delivery. The site even highlights "new products" and "best sellers," suggesting a dynamic inventory and a focus on customer engagement.

Financially, Tool Fast Direct Limited presents a mixed picture. Cash bank on hand has decreased by 13%, falling to £2,000, while creditors have significantly increased by 110%, reaching £19,000. Although current assets have risen by 54% to £11,000, net assets have fallen by 320% to -£7,300, a considerable decline. Trade debtors have also increased to £4,500. The company’s small size—meeting two of three conditions to be considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees)—means it’s likely exempt from a full audit. The accounts are unaudited, and prepared as abridged accounts.

The company’s financial trajectory suggests it’s burning through money, despite the seemingly robust online presence. The rise in creditors and the decrease in equity point to potential cash flow pressures. While the business appears to be well-established and active, the financial numbers warrant closer scrutiny. The lack of employees (zero reported) indicates a lean operation, but the negative equity raises questions about its long-term sustainability.

Registered in Scotland under the registration number SC282959, with a registered address at ML2 7UR, Wishaw, Unit J, New Ashtree Street, Ashtree Industrial Estate.

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