Waverley Cutting Tools Limited

Waverley Cutting Tools Ltd from Aberdeen, UK, is a small, active company established 47 years ago. With just seven employees and a virtual address, the business operates with three directors and two owners, maintaining a respectable Google rating of 4.0 based on five reviews. The company is an irregular importer of basic metal tools and utensils (imported for two months), but a consistent exporter, having exported for an impressive 305 months.

The company’s website showcases a comprehensive range of cutting tools, industrial supplies, and vending solutions. It’s not an e-commerce site in the traditional sense, but rather a catalogue and information hub for its industrial supply business. The site highlights a wide array of products, from carbide cutting tools to oils and lubricants, alongside services like toolholding and metrology equipment. It also features a vending solutions section, emphasizing inventory tracking and efficiency improvements for businesses. The website also details a partnership with Wera Tools, suggesting a focus on expanding its product offerings.

Financially, Waverley Cutting Tools Ltd presents a mixed picture. Property, plant, and equipment saw a 4.7% increase to £400,000, while cash reserves grew by 25% to £820,000—a positive sign of liquidity. However, corporation tax payable jumped significantly by 230% to £140,000, and trade debtors increased by 35% to £1 million. Creditors also rose by 19% to £600,000, which may reflect increased purchasing activity. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in tax liabilities and debtors warrants closer attention. With no auditor mentioned, the financial statements are unaudited.

Overall, Waverley Cutting Tools Ltd appears to be a stable, long-standing business navigating the challenges of a fluctuating market. The company’s focus on industrial supplies and its established reputation suggest a solid foundation, but the recent financial trends require ongoing monitoring.

Registered in Scotland under the registration number SC063189, with a registered address at AB10 1YN, Scotland, Aberdeen, Aberdeen City, 37 Albyn Place.

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