Whitehill Spindle Tools Limited

Whitehill Spindle Tools Ltd, based in Luton, Bedfordshire, is a long-standing UK manufacturer with an active status. Established 86 years ago in 1938, the company has weathered many changes, now employing 19 people and holding £872,066 in assets. It’s a small company, meeting two of the three criteria: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company operates as a holding company, with four directors and one owner, and boasts a stellar 5.0 Google rating from ten reviews.

The company’s website reveals a comprehensive offering of tooling for the woodworking industry. It’s not an e-commerce site in the traditional sense; instead, it serves as a catalogue and information hub. The site showcases a vast range of cutters, profiles, and accessories – from standard profiles to bespoke tooling for CNC machines. It’s clear the business focuses on supplying manufacturers and workshops, offering both standard and custom solutions. The website also highlights services like bespoke tooling and window and door systems, indicating a focus on customer support and technical expertise.

Financially, Whitehill Spindle Tools Ltd has seen some interesting shifts. Current assets have fallen by a significant 29%, dropping to £870,000. Net assets have also decreased, falling 8.2% to £1.6 million. Bank borrowings have increased by 35%, reaching £96,000, while cash reserves have plummeted 51%, leaving just £300,000. Trade debtors have also decreased, suggesting better management of customer payments. The company is exempt from an audit due to its small size, so the figures are unaudited.

Despite the decline in assets, Whitehill Spindle Tools Ltd appears to be a resilient business with a strong reputation. The company’s long history and focus on quality tooling suggest it’s well-positioned to continue serving the woodworking industry, though the drop in cash reserves warrants careful monitoring.

Registered in England/Wales under the registration number 00346217, with a registered address at LU1 3HR, Bedfordshire, 2 Bolton Road, Luton.

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