Tool Repair Services Limited

Tool Repair Services Ltd, based in Tamworth, UK, is a small, family-run business with an active status. Founded 62 years ago in 1963, the company employs five people and holds £151,030 in assets. With three directors and two owners, it’s a well-established operation with a real registered address. The company is a regular importer of machinery, boilers, and mechanical appliances, with parts imported for five months, the last operation occurring in July 2024.

The company's website highlights its specialization in AeroMotive spring balancers, retractors, and spare parts, positioning it as the main authorized stockist and distributor in the UK. They also offer service and repair for AeroMotive balancers, alongside sales and repairs for Ingersoll Rand, Trumpf, and Fein power tools. The website’s focus is on sales, service, and spares, indicating a B2B model catering to industrial clients. It's clear they aren’t primarily an e-commerce business, but rather a specialist supplier with a strong emphasis on customer support and technical expertise.

Financially, Tool Repair Services Ltd shows some concerning trends. Cash bank on hand has fallen by a significant 37% to £68,000, and current assets have decreased by 18% to £150,000. Trade debtors have increased by 21% to £45,000, which could indicate difficulties in collecting payments. However, creditors have also decreased by 42% to £37,000, suggesting improved debt management. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the decline in cash reserves warrants attention. The company’s accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, Tool Repair Services Ltd appears to be a long-standing business facing some financial pressures. While its specialization and strong supplier relationships provide a solid foundation, the declining cash reserves and increasing debtors suggest a need for careful financial management.

Registered in England/Wales under the registration number 00753179, with a registered address at B78 3QD, Mill Lane Fazeley Tamworth, Staffordshire, Unit 51, William Tolson Enterprise Park.

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