Tooltec (high Wycombe) Limited

Tooltec High Wycombe Ltd, based in High Wycombe, UK, is a small, active company founded fifteen years ago. With seven employees and £332,719 in assets, it's a well-established operation run by a solo founder and one director. The company boasts a stellar 5.0 Google rating from 24 reviews, a testament to its customer service. It regularly imports basic metal tools and utensils, with a history of 73 months of import activity.

Tooltec’s core business revolves around CNC tooling and grinding services for the woodworking, composite, and aerospace industries. Its website highlights a comprehensive range of tooling, including diamond tooling, vacuum cups, carbide routers, and knives, catering to a specialized market. It offers onsite serrated knife cutting and a service center providing sharpening, regrinding, and erosion – utilizing advanced machinery from Vollmer, Zoller, and Haimer. It’s clear that Tooltec isn’s just a supplier; it’s a technical partner, offering precision services alongside its product range.

Financially, Tooltec shows a mixed picture. Current assets decreased by 6.4% to £330,000, while net assets rose 37% to £100,000. Bank borrowings decreased by 11%, suggesting better debt management, and creditors decreased by 4.5%. However, the increase in average employees from seven to eight could indicate growing demand or expansion efforts. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited, but the overall trend suggests a stable, if not rapidly growing, business. It's possible that the increase in employees reflects a need to keep up with demand for its specialized services, but the decrease in cash reserves could indicate that it’s reinvesting in its business.

Registered in England/Wales under the registration number 07178974, with a registered address at HP12 3ST, England, High Wycombe, Bucks, Unit 4 Crusader Industrial Estate Stirling Road, Cressex Business Park.

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