Tools 4 Life Ltd

Tools 4 Life Ltd is a small, active company based in Oldham, UK, founded two years ago in May 2022. With two employees and £62,516 in assets, it operates from a real address and is led by one director and owner. The company is irregular importer of electrical machinery and equipment (2 months imported), but a regular exporter (5 months exported). It’s a small business, meeting two of three conditions for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company's website, "The Link," reveals a wholesale and repair business specializing in mobile phones and electronic products. It's not just a retailer; it’s a manufacturer, wholesaler, and distributor, supplying thousands of products daily to UK and European customers. Services include mobile phone repairs—unlocking, screen replacements, virus removal—and a range of parts and accessories. The website also highlights customer reviews praising the company's unbeatable prices and quality service.

Financially, Tools 4 Life Ltd presents a mixed picture. While cash reserves increased by a significant 110% to £13,000, creditors have skyrocketed by 2,100% to £160,000. This suggests a reliance on short-term borrowing to fuel growth, but also a potential risk if payments aren’t managed carefully. Current assets are up 940% to £63,000, and debtors have increased to £50,000, which could be a sign of expanding sales. However, equity has plummeted 7,300% to -£98,000, and net assets are also at -£98,000, indicating a significant drain on capital. The company’s small size means it’s exempt from an audit, and the accounts are unaudited.

It’s clear that Tools 4 Life Ltd is experiencing rapid growth, but it's also burning through cash. The company’s success in the wholesale mobile phone market seems to be driving this growth, but the increasing debt levels will need to be monitored closely.

Registered in England/Wales under the registration number 14139191, with a registered address at OL1 1LS, England, Oldham, 54 George Street.

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