Turner Tools Limited

Turner Tools Precision Engineering Supply Inventory Solutions UK is a small, active holding company based in West Malling, England. Established four years ago in 2020, it employs five people and holds £335,212 in assets. The company operates from a real address and is overseen by two directors and one owner. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with its last import activity recorded one month ago in April 2021.

The company’s website highlights its focus on providing inventory management solutions for precision engineers and manufacturing businesses in the South East of the UK. Turner Tools emphasizes advanced technology to enhance efficiency, reduce waste, and streamline operations. Services include vending solutions, consultation, and storage systems. The company boasts 40 years of combined engineering expertise and serves leading bluechip manufacturers. It’s a trusted supplier with a focus on customer service and tailored solutions.

Financially, Turner Tools Ltd presents a mixed picture. Current assets have decreased by 32% to £340,000, while net assets have plummeted 3800% to -£120,000. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 45% to £10,000. Creditors decreased by 11%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. The company’s accounts are audited and prepared in accordance with the provisions applicable to companies subject to the small companies regime. With no auditor mentioned, the figures rely on unaudited statements.

The significant decrease in equity and increase in borrowings suggest Turner Tools is burning through money, although the decrease in creditors is a positive sign. The company’s focus on specialized inventory management solutions, however, could provide a buffer against financial pressures.

Registered in England/Wales under the registration number 12763723, with a registered address at ME19 6QR, United Kingdom, West Malling, Kent, 40 High Street.

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