Tool Hub Ltd.

Tool Hub Ltd, based in Blandford Forum, UK, is a small, active company founded 11 years ago. With a Google rating of 5.0 from 10 reviews, it’s clearly doing something right. Employing just one person, the company holds £418,080 in assets and operates from a real address shared by only one other business. Two directors and one owner steer the ship, with Roy Phillip at the helm. The firm regularly imports basic metal tools and utensils, with 10 months of import activity recorded as of April 2024.

The company’s website, salesthetoolhub.co.uk, showcases a professional product range for the automotive sector, selling tools and equipment online. It’s a wholesale business, focused on importing and selling professional tools. The site highlights a “Toolhub Quality Seal” guaranteeing product verification and a one-year warranty—a key differentiator in a competitive market. It even has a section dedicated to news and tutorials, reinforcing its expertise and engaging with customers.

Financially, Tool Hub Ltd shows a mixed picture. While current assets increased by 14% to £420,000, net assets decreased by 6.9% to -£350,000. Bank borrowings decreased by 13% to £34,000, and cash reserves increased by 29% to £30,000. Trade debtors increased by 27% to £210,000, suggesting a growth in sales but also potentially delayed payments. Creditors increased by 19% to £470,000, which could be related to increased inventory purchases to support sales. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the negative equity raises questions. The accounts are unaudited, likely due to the company's small size and exemption from an audit.

Overall, Tool Hub Ltd seems to be growing its sales, but it’s also facing challenges in managing its finances. The company's focus on quality and customer service, along with its niche market in automotive tools, could help it navigate these challenges and achieve long-term success.

Registered in England/Wales under the registration number 08682750, with a registered address at DT11 9GL, United Kingdom, Blandford Forum, Unit D Dorset Business Park, Winterbourne Whitechurch.

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