Tunnelling Accessories Limited

Tunnelling Accessories Ltd from St. Leonards-On-Sea UK: small company, active status, founded 38 years ago, 6 employees, £3,257,019 assets, real address, 2 directors, 2 owners, family business, e-commerce site. Regular importer of machinery, boilers, and mechanical appliances; parts (17 months imported). Regular exporter of machinery, boilers, and mechanical appliances; parts (17 months exported). It’s a small, family-run business with a long history, operating in the competitive world of industrial supplies. Founded in 1987, the company has been a consistent presence in the UK market, importing and exporting machinery and parts. The presence of a real address and two directors indicates a stable, established operation. The e-commerce site suggests a modern approach to sales, complementing its traditional import/export activities.

The company’s website is not available, so it’s difficult to ascertain the specifics of its online presence. However, the fact that it operates an e-commerce site suggests a focus on direct sales and online customer engagement. It’s likely the site showcases its product range and facilitates online orders, potentially targeting a wider customer base than traditional channels alone.

Financially, Tunnelling Accessories Ltd presents a mixed picture. While holding substantial assets of £3.26 million, the company has seen some concerning trends. Accumulated depreciation on motor vehicles increased by 120%, and plant machinery saw a 11% rise, indicating aging equipment. Bank borrowings have jumped significantly, and cash reserves have fallen slightly. A notable increase in other creditors, rising by over 1,100%, suggests potential cash flow challenges. On the positive side, finished goods increased by 28%, and current assets grew by 2.7%, indicating healthy inventory management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned likely means the accounts are unaudited, relying on director-reported data.

Overall, Tunnelling Accessories Ltd appears to be a solid, if somewhat vulnerable, business. The company’s long history and family ownership provide stability, but the rising debts and depreciation suggest it needs to carefully manage its finances. It's a business that's been around for a while, but it’s important to keep an eye on its financial health going forward.

Registered in England/Wales under the registration number 02102715, with a registered address at TN38 9PU, St. Leonards-On-Sea, East Sussex, Sidney Little Road, Churchfields Industrial Estate.

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