Tool Safety Solutions Limited

Tool Safety Solutions Limited is a small, active company based in Gosport, UK, founded thirteen years ago in 2011. The company, with six employees, holds £144,699 in assets and operates from a virtual address, a fact highlighted by fifteen companies registered at the same location. It’s managed by two directors and two owners, though the list of owners changed seven years ago. The company’s status is active, though accounts are overdue by three years, and confirmation statements by two.

The company’s primary focus seems to be the supply of lockout and tagout equipment, as evidenced by its website. It operates an e-commerce site selling a wide range of safety products, including padlocks, hasps, lockout kits, and electrical lockout devices. The site also features a blog with guidance on safety procedures and a section dedicated to its brands. It also sells safety signs, first aid kits, and PPE. The site is well-designed and user-friendly, with a clear focus on customer service and competitive pricing. It has a Google rating of 4.8 stars.

Financially, Tool Safety Solutions Limited presents a mixed picture. Accumulated depreciation for plant machinery increased by 85%, suggesting investment in equipment. However, bank borrowings have surged by 150%, reaching £6,800, while cash reserves have plummeted by 92%, leaving just £840. Creditors have also increased significantly, rising by 59%, reaching £98,000. 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 sharp decline in cash and the increase in debt raise concerns. The company is exempt from an audit, so the figures are unaudited.

The company is an irregular importer, bringing in miscellaneous metal items for one month in 2016, and an irregular exporter, shipping machinery, boilers, and mechanical appliances for one month in 2016. It seems to be a small business struggling to maintain financial stability, despite a well-established online presence and a focus on a niche market.

Registered in England/Wales under the registration number 07711752, with a registered address at PO12 1LY, Gosport, Hants, Tml House, 1a The Anchorage.

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