Torque Solutions Limited

Torque Solutions Ltd from Nth Anston, Sheffield UK: a small, active company established 22 years ago, employs 11 people, and holds £1,368,956 in assets. It’s a family business with three directors and two owners, operating from a real address. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts – with 27 months of import activity and 22 months of export activity recorded. It's a sole provider for Atlas Copco Bolting Solutions in the UK.

The company’s website showcases a wide range of hydraulic torque tools, tensioners, and related equipment, catering to industries like renewable energy, utilities, and quarrying. It's clear Torque Solutions isn't just a retailer; it offers calibration, repairs, and a comprehensive support package. The site details a history of growth, starting with a focus on hydraulic tooling and expanding to include battery tools and bespoke tool kits. It even has a dedicated workshop for modifications and customer specials.

Financially, Torque Solutions Ltd presents a mixed picture. While current assets increased by 15% to £1,400,000, debtors surged by a significant 44% to £1,200,000. This could indicate increased sales but also potential challenges in collecting payments. Equity grew by 14% to £1,300,000, a positive sign, but cash reserves dropped by 71% to just £48,000. Bank borrowings decreased by 6.2% to £480,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the drop in cash reserves warrants attention. No auditor is mentioned, likely due to the company’s exemption as a small business, meaning the figures are unaudited.

Overall, Torque Solutions Ltd appears to be a stable, family-run business with a strong reputation in its niche market. However, the company needs to keep a close eye on its cash flow and debtor management to ensure continued financial health.

Registered in England/Wales under the registration number 04593835, with a registered address at S25 4JL, Nth Anston, Sheffield, South Yorkshire, Unit 5 Abbey Way, North Anston Trading Estate.

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