Toolmann Limited

Toolmann Limited is a small, active company based in Glasgow, UK, founded four years ago in March 2021. The family-run business, with two directors and two owners, currently holds just £128 in assets and operates from a real address in Bothwell. It's a tight-knit operation, and the company's status is active.

The company's website showcases a wide range of tools and equipment, catering to builders, bricklayers, carpenters, electricians, and more. It’s a traditional brick-and-mortar tool shop, Toolman Yardley Ltd, with a long history dating back to 1984, offering everything from hand tools to power tools, safety equipment, and gardening supplies. The website clearly indicates a focus on retail sales, both in-store and online.

Financially, Toolmann Limited’s recent report paints a concerning picture. Current assets have fallen by a significant 61%, dropping to just £130, while net assets have also declined by 3.1%, settling at -£20,000. Cash reserves have plummeted 69%, leaving only £100 on hand. Trade debtors have increased, suggesting customers are taking longer to pay, and creditors have also risen slightly. Despite meeting two of three conditions to be considered a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the substantial decrease in equity raises questions about the company’s financial health. The report is unaudited, and no auditor is mentioned, which is common for small companies.

It's clear that Toolmann Limited is facing financial challenges, although the long-standing history of its retail operations suggests a degree of resilience. Whether the company can weather these pressures and continue to serve its customer base remains to be seen.

Registered in Scotland under the registration number SC693160, with a registered address at G71 8BJ, Scotland, Glasgow, Northfield House 19 Bellshill Road, Bothwell.

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