Tow-trust Towbars Limited

Tow Trust Towbars Ltd from Warwickshire, UK, is a sizable, active company established 33 years ago. With 82 employees and £13,439,383 in assets, it’s a well-established player in the UK market. The company, which has five directors and one owner, maintains a real address and boasts a stellar 5.0 Google rating from 67 reviews. It's a regular importer and exporter of vehicles, parts, and accessories (excluding trains and trams), with 45 months of import activity and 12 months of export activity.

Tow Trust specializes in the manufacture of other transport equipment, particularly towbars and related accessories. Their website showcases a comprehensive range of products, catering to various vehicle makes and models. The site’s structure is quite clear, with easy navigation through categories like towbars, vehicle-specific kits, and accessories. It's a product-focused site, with minimal e-commerce functionality; it seems primarily designed to showcase their offerings and direct customers to their sales channels. The site also has a parts finder, which is a nice touch.

Financially, Tow Trust shows some interesting trends. While revenue increased by 11%, reaching £15 million, net losses deepened to -£23,000. Cash reserves fell by 61%, dropping to £7.4 million. Bank borrowings increased by 25%, reaching £8.3 million. Staff costs rose significantly, increasing by 16% to £3.5 million, and director remuneration benefits increased by 5.3% to £280,000. Creditors also increased by 29%, reaching £13 million. Interestingly, tax expenses increased by 38%, reaching £1.4 million, and the company received a tax increase decrease component adjusting items of -£190,000. The company’s size—meeting two of three criteria for a large company—suggests a mature business with established operations. The accounts were audited by Leonard Wilson & Co.

Overall, Tow Trust appears to be a financially stable company, but the increase in expenses and decrease in cash reserves warrants attention. The company’s focus on quality products and customer service, combined with its established market presence, should help it navigate these challenges.

Registered in England/Wales under the registration number 02650730, with a registered address at CV9 1JE, Warwickshire, Carlyon Road, Atherstone.

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