Toolstream Limited

Toolstream Ltd, based in Yeovil, UK, is a sizable company with a history spanning 23 years. Employing 285 people and boasting assets of £45.4 million, it's a holding company actively involved in importing and exporting basic metal tools and utensils. The company’s yearly revenue stands at £57.8 million, and it holds a Google rating of 3.0 based on 71 reviews. Two directors and two owners steer the business, with a recent change in the director list suggesting ongoing management adjustments.

The company operates primarily as a wholesale distributor, evident from its website. It doesn't appear to be a direct e-commerce site for consumers; instead, it serves as a platform showcasing its brands and products to potential stockists. The website highlights a range of brands, including Triton, Silverline, and Scruffs, offering everything from power tools to safety workwear. Recent news items on the site celebrate awards won by its brands, indicating a focus on quality and recognition within the industry.

Financially, Toolstream Ltd's recent performance shows some concerning trends. While turnover remained relatively stable, net assets have significantly decreased by 78%, plummeting to just £760,000. Bank borrowings have also increased by 22%, reaching £16 million, and cash reserves have fallen by 36% to £45 million. Creditors have decreased by 26%, suggesting improved debt management, but the substantial drop in equity raises questions about the company's financial health. The auditor, Saffery LLP, has provided an unqualified opinion, but the underlying numbers warrant closer scrutiny. The company's size (meeting two of three criteria for a large company) and the recent management changes may be contributing factors to these fluctuations.

Registered in England/Wales under the registration number 04281144, with a registered address at BA22 8HZ, Yeovil, Somerset, Boundary Way, Lufton Trading Estate.

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