Trend Tool Technology Ltd

Trend Tool Technology Ltd, based in Watford, UK, is a holding company with an active status, celebrating 47 years in business. The company employs 94 people and holds assets worth £19,276,959. It's led by seven directors and owned by Kelly Annette and Phillips Stephen Julius, boasting a 4.0 Google rating from 12 reviews. The company regularly imports and exports basic metal tools and utensils, with 786 months of import activity and 422 months of export activity.

According to company data, Trend Tool Technology Ltd operates as a holding company with a workforce of 91 employees. While the company's current assets remain steady at £19,276,959, there are some notable shifts. Accumulated amortisation and depreciation on property, plant, and equipment have decreased, suggesting asset disposals or revaluations. Bank borrowings have significantly reduced by 22%, indicating improved financial management. However, deferred tax liabilities have increased, potentially reflecting changes in tax regulations or accounting practices.

The company’s website, Trend Tool Technology, is primarily an e-commerce platform showcasing a wide range of router cutters, power tools, and accessories. The site’s design is functional, with clear product categories and detailed specifications. While it doesn't appear to be actively promoting e-commerce deals, it does offer a comprehensive selection of tools for woodworking and metalworking applications. The website also features a section dedicated to CNC machines and related software, suggesting a move towards advanced manufacturing technologies.

The financial data reveals a mixed picture. While the company’s overall assets remain stable, there's been a notable decrease in equity, which could be attributed to increased dividends or retained losses. The surge in bank borrowings, despite the reduction in overall liabilities, raises questions about short-term financing needs. The decrease in cash reserves, while concerning, could be offset by improved cash flow management and reduced operating expenses. The company’s auditor, Haines Watts, hasn’t been mentioned in the report, which is likely due to the company’s size and exemption from mandatory audits.

Registered in England/Wales under the registration number 01338493, with a registered address at WD24 7TR, Watford, Hertfordshire, Unit 6, Odhams Trading Estate.

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