Toolstream Limited
- In Administration
- Large
- Holding
- 24 years
- Accounts overdue 6 months
- 285 employees
- £45,432,000 (cur assets)
- £57,775,000 (revenue)
- Regular importer
- Regular exporter
- Virtual address
- 3 directors
- 1 owner
- Birmingham
- Rating 3.0 (71)
Two conditions of three:
1.Turnover > £36 million
2.Balance sheet total > £18 million
3.Average number of employees > 250
Field of Operation
Website
Summary
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 B4 6AT, Birmingham, C/O Teneo Financial Advisory Limited The Colmore Building, 20 Colmore Circus Queensway.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Corporate
- Group Silverline Ltd
- 9 years
- 2
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 9 months
- 20
-
Resident of United Kingdom
-
Individual
- 6 years
- 2
-
Resident of United Kingdom
-
Individual
- 19 years
- 15
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted five months ago.
Last news
-
Statement of administrator's proposalDownload 69 pages pdf report
-
Notice of deemed approval of proposalsDownload 53 pages pdf report
-
Statement of administrator's proposalDownload 53 pages pdf report
Toolstream Limited controls
Owns & Controls
-
Corporate
- 7 years
- 75%+
-
Resident of United Kingdom
Importer profile by HS codes
Click on the map to see detailed UK statistics on HS code, including companies list.
Last imported products
Click on items to see detailed UK statistics on HS code, including companies list.
Exporter profile by HS codes
Click on the map to see detailed UK statistics on HS code, including companies list.
Last exported products
Click on items to see detailed UK statistics on HS code, including companies list.
FAQ about Toolstream Limited
Looking for leads in the UK?
Try our FREE App—access UK datasets with limited features!