Wrench Limited

Wrench Limited is a small, active company based in Ashford, UK, founded eleven years ago in 2013. With £178,497 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner, Iqbal Raaid. The company employs eight people and operates in the maintenance and repair of motor vehicles industries. Its website, wrenchltd.co.uk, showcases “Imaging Services” and copyright notices, suggesting a secondary focus on digital imaging alongside its core automotive business.

The company regularly imports vehicles, parts, and accessories (excluding trains and trams), with six months of import activity recorded, the latest in June 2023. It has also dabbled in exporting these same items, with two months of export activity as of November 2024. While the website mentions "Imaging Services," it’s unclear how closely this relates to the automotive side of the business, but both emphasize British craftsmanship.

Financially, Wrench Limited shows a mixed picture. Current assets have fallen by 46% to £180,000, while net assets have plummeted 910% to £79,000—a significant turnaround. Bank borrowings have decreased by 28%, and cash reserves have fallen 62% to £12,000. Creditors have also decreased, 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 increase raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s financial data also reveals some interesting trends. Accumulated depreciation impairment on plant and machinery has increased by 52%, while additions to plant machinery have remained constant. Trade debtors have increased by 23%, suggesting delayed customer payments or expanded credit terms. The company’s statement that accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime, is reassuring. Overall, Wrench Limited is showing signs of a company in transition, balancing its automotive business with a potential digital imaging venture, and navigating the challenges of a fluctuating economic climate.

Registered in England/Wales under the registration number 08723813, with a registered address at TW15 1XB, England, Ashford, Middlesex, Ashford Road, Ashford Road.

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