United Tooling Solutions Limited

United Tooling Solutions Ltd, based in Leicester, UK, is a holding company with an active status, established nine years ago. The company employs 191 people and holds assets valued at £38,516,153. While it has a registered address, twenty-two companies share the same location, raising concerns about its virtual nature. Four directors oversee operations, and Troy Independent Investments Ltd is the sole owner. The company regularly imports iron or steel products (for twelve months) and exports machinery, boilers, and mechanical appliances (for seven months).

The company operates as a leading industrial supplies and consumables distributor with over a hundred years of experience. It supports the precision engineering and manufacturing industries, boasting a nationwide network and serving customers across the UK. United Tooling Solutions is a broad product line distributor, supplying tools, consumables, and precision cutting tools from market-leading manufacturers. It also specializes in Vendor Managed Inventory (VMI) solutions and stock control management systems, bringing business efficiencies and cost control programs to customers. Its locations hold a vast range of products, enabling it to fulfill customer-specific requirements.

The company's website highlights its commitment to fast, high-quality nationwide distribution services, emphasizing customer sales support, stock management systems, and supply chain solutions. It provides exceptional service with products in the right place at the right time, leveraging national buying power combined with local knowledge. It serves a diverse range of industries, including manufacturing, construction, and aerospace.

Financially, United Tooling Solutions Ltd presents a mixed picture. Accrued liabilities decreased by 24%, which could indicate improved financial instrument management. However, deferred tax assets remained unchanged. Fixed assets increased by 0.69%, while cash and cash equivalents plummeted by 84%, a significant drop. Trade debtors rose by 4.4%, suggesting potential delays in customer payments, and creditors decreased by 18%, which is a positive sign. The company’s net assets increased by 23%, but bank borrowings increased by 2,400%. The lack of an auditor mentioned suggests it’s exempt as a small company.

Overall, United Tooling Solutions Ltd appears to be navigating a period of change, with both positive and negative trends in its financial performance. The company's focus on customer service and broad product range position it well in the industrial supplies market, but the drop in cash reserves warrants close monitoring.

Registered in England/Wales under the registration number 09845718, with a registered address at LE8 4EZ, England, Leicester, Uts Group, Unit 4 Westleigh Business Park, Winchester Avenue, Blaby.

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