Tower Machine Tools Limited

Tower Machine Tools Ltd, based in Guildford, UK, is a small holding company with an active status, celebrating 49 years in business. Employing just six people and holding £191,316 in assets, the company operates from a virtual address – a point to note as 85 companies are registered at the same location. It's managed by three directors and has one owner.

The company's core business revolves around machinery. It's a regular importer of machinery, boilers, and mechanical appliances, with parts imported for ten months, the last operation occurring in August 2022. Export activity is less frequent, with just two months of exports recorded, the last in December 2021. Tower Machine Tools Ltd operates in the agents involved in the sale of machinery, industrial equipment, ships and aircraft industries. Its website showcases a wide range of laser cutting, punching, press brake, and bending machines, alongside automation solutions and tooling. It appears to be primarily an online retailer, offering a comprehensive catalog with detailed product information and technical specifications.

Financially, Tower Machine Tools Ltd’s recent performance presents a mixed picture. Current assets have decreased by 29%, falling to £190,000, while net assets have also dropped by 14%, now standing at £270,000. Cash reserves have taken a significant hit, declining by 43% to £83,000. Trade debtors have decreased by 14%, suggesting improved collection rates. However, creditors have also fallen by 23%, which is a positive sign. The company's small size – meeting two of three conditions for being classified as small – allows for agility, but the decline in equity warrants closer attention. The company is exempt from an audit, so the figures are unaudited.

It’s clear that Tower Machine Tools Ltd is navigating a challenging environment, but its diverse product range and focus on specialized machinery suggest a potential for continued success.

Registered in England/Wales under the registration number 01246818, with a registered address at GU1 1UJ, England, Guildford, Surrey, One Ground Floor 3 London Square, Cross Lanes.

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