Tungsten Carbide Solutions Ltd

Tungsten Carbide Solutions Ltd, based in Worcester, UK, is a small, family-run business with an active status. Founded 22 years ago in 2002, the company employs just two people and holds £167,283 in assets. It operates from a real address and is managed by three directors and three owners. Regular import and export activity—47 months of importing and 22 months of exporting—focuses on basic metal tools and utensils.

The company’s website reveals a specialized operation: supplying tungsten carbide saw tips, horseshoe pins, and related products to woodworking and farriery industries. It’s been stocking and distributing these items since 2002, with the founder having decades of experience in the field. The business caters to saw service centers, circular saw manufacturers, and farriers, emphasizing quality products and strong customer relationships. The website also highlights a showroom in Harrods, London.

Financially, Tungsten Carbide Solutions Ltd shows a mixed picture. Current assets have decreased by 23%, dropping to £170,000, while net assets have also fallen by 5.7%, settling at £140,000. Cash reserves have declined by 46%, reaching £62,000, and bank borrowings have plummeted 92%, leaving just £1,900. Creditors have also decreased significantly, down 51%, suggesting better management of short-term debts. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) keeps it nimble, but the drop in equity and cash raises questions about its financial health. No auditor is mentioned, likely due to its small size and exemption from an audit.

Overall, Tungsten Carbide Solutions Ltd appears to be navigating a period of change. While its specialized product range and established customer base provide a solid foundation, the recent financial trends suggest a need for careful management and a focus on profitability.

Registered in England/Wales under the registration number 04626127, with a registered address at WR6 6SP, Worcester, The Old School House, Stanford Bridge.

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