Tornado Leather Ltd

Tornado Leather Ltd, based in Denton, UK, is a small, active company founded six years ago in December 2018. It’s a solo-founder operation with one director and one employee, holding £14,658 in assets and operating an e-commerce site. The company’s registered address is real, with only one other company registered there. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The business engages in retail sale via mail order houses or via internet.

The company's website, Tornado Leather, appears to focus solely on leather goods – bags, wallets, belts, and accessories – sold directly to consumers. The site is clean and professional, with high-quality product photos and a straightforward ordering process. While the site doesn’s offer much detail about the company’s history or values, it does highlight a commitment to quality and customer service. There’s no obvious indication of any other business ventures beyond the leather goods e-commerce operation.

Financially, Tornado Leather Ltd presents a mixed picture. While cash bank on hand increased dramatically by 1200% to £690, creditors remained steady at £9,800. Current assets saw a slight increase of 2.4% to £15,000, but trade debtors decreased by 5.9% to £13,000. Equity also increased by 25%, reaching £3,600, which is good news. However, the company’s net assets liabilities remain relatively low. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited director-reported data.

Overall, Tornado Leather Ltd seems to be a small, online retailer finding its feet. The increase in cash reserves is encouraging, but the company will need to carefully manage its creditors and debtors to ensure financial stability. It’s a small business with a focused product line, and hopefully, it can continue to grow its online presence and customer base.

Registered in England/Wales under the registration number 11734808, with a registered address at M34 3ET, United Kingdom, Denton, Unit 5 Nelson Business Center, Denton.

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