Tooles Transport Limited

Tooles Transport Ltd, based in Burnley, UK, is a large company operating as a holding company with an active status. Established 37 years ago in 1988, it employs 102 people and holds assets worth £7,956,260. Yearly revenue reaches £10,255,250, and the company has a respectable Google rating of 4.0 based on 57 reviews. The business is an irregular exporter, primarily dealing in optical and medical tools and devices, with a single month of export activity recorded in 2016.

The company’s website paints a picture of a comprehensive transport and warehousing solutions provider. Part of the larger EFS Global group, Tooles Transport boasts 28 companies, 40 depots, 700 vehicles, and 1100 staff. It positions itself as a trusted partner, particularly through its affiliations with The Pallet Network (TPN) and DHL, offering a wide range of services from UK distribution and warehousing to international freight forwarding and bespoke ADR Hazchem Freight. The website highlights investments in vehicle tracking technology and an online customer portal, emphasizing live updates and efficient route planning.

Financially, Tooles Transport Ltd exhibits some concerning trends. Accumulated depreciation on motor vehicles increased by 64%, while additions remained flat. Administration expenses held steady, but the average number of employees decreased by 12%. Most notably, net assets declined by 5.9%, and turnover dropped by 9.5%. Bank borrowings surged by 36%, and cash reserves fell by 60%. Despite these challenges, creditors decreased by 18%, suggesting improved debt management. The company meets the criteria to be considered a large company, with turnover over £36 million, balance sheet total over £18 million, and over 250 employees. The company is audited by Kneeshaws, and the report is signed by Mr M D Jones.

While the company’s financial performance indicates some pressures, its strong partnerships and commitment to customer service suggest a resilience. The ongoing investment in technology and a broad service offering position Tooles Transport Ltd to navigate the competitive logistics market.

Registered in England/Wales under the registration number 02220700, with a registered address at BB11 5SX, England, Burnley, Efs Global Pendle House, Phoenix Way.

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