Worldwide Tools Limited

Worldwide Tools Ltd from Sheffield UK: a small, active company founded 51 years ago, boasts seven employees and holds £327,379 in assets. With three directors and a solo founder, Abdy Anthony Reginald, the business operates from a real address and has been importing basic metal tools and utensils for an impressive 879 months, while exporting for nine months. The company’s history stretches back to 1933, when Henry Reginald Abdy first established the business.

The company’s website, Worldwide Tools, is a wholesale supplier of tools, with a strong emphasis on family ownership and British craftsmanship. The site caters to commercial and industrial customers, offering a wide range of products from bricklaying supplies to woodworking tools. It’s clear that the company is a specialist in its field, with a focus on competitive pricing and fast customer support. The site also includes a catalogue, bricklaying, plastering, grinding, drilling, hammers, axes, knives, fastenings, masonry, woodwork, measuring, layout, plumbing, pliers, saws, blades, screwdrivers, hex keys, wire brushes, files.

Financially, Worldwide Tools Ltd has seen some interesting trends. Current assets have decreased by 34%, dropping to £330,000, while net assets have increased by 16%, reaching £240,000. Bank borrowings have decreased by 39%, falling to £31,000, and creditors have decreased by 46%, dropping to £250,000. 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 remain agile. A significant increase in profit loss from £690 to £32,000, however, suggests potential challenges. There's also a large increase in other creditors, which could be a cause for concern. The company is exempt from an audit, so the figures are unaudited.

Overall, Worldwide Tools Ltd appears to be a well-established business with a long history. The company’s financial performance is mixed, but it’s clear that the business is facing some challenges. It's a little bit concerning that the company’s profit loss increased so much.

Registered in England/Wales under the registration number 01153768, with a registered address at S1 4QG, Sheffield, Robot Works, Matilda Street.

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