The Tool Connection Limited
01968900
Healthy
- Going concern doubt noted in accounts (-10)
- 4 outstanding charges (-8)
Details
Previously known as
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 19/06/2025
Due 03/07/2026
Industry
Officers
Former
secretary · Resigned 13/11/1998
director · Resigned 13/11/1998
director · Resigned 13/12/2017
secretary · Resigned 24/05/2019
director · Resigned 24/05/2019
director · Resigned 22/07/2024
Persons with Significant Control
Mr Martin Trevor Smith
British · England · Age 76
36, Lichfield Street, Walsall, WS1 1TJ
Notified 22/05/2024
The Tool Connection Holdings Ltd
Unit 2, Kineton Road, Southam, CV47 0DR
Notified 22/05/2024
Mr Edward George Altham
British · England · Age 56
36, Lichfield Street, Walsall, WS1 1TJ
Notified 04/09/2025
Former PSCs
Mr Martin Trevor Smith
Ceased 22/05/2024
Charges4 outstanding
BANK OF SCOTLAND PLC
BANK OF SCOTLAND PLC
LLOYDS TSB COMMERCIAL FINANCE LIMITED
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND
BARCLAYS BANK PLC
BARCLAYS BANK PLC
HILL SAMUEL COMMERCIAL FINANCE LIMITED
BARCLAYS BANK PLC
Change History
Active
Private Limited Company
36 LICHFIELD STREET
WALSALL
CompanyRankvs 70+ SIC 46900 peers70
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/12/2024
Net Worth
£29.2M
Balance sheet strength
Cash
£5.6M
Cash in the bank
Profit Before Tax
£2.6M
Bottom line earnings
Net Current Assets
£23.7M
Working capital
Current Assets
£25.8M
Current Liabilities
£2.1M
Fixed Assets
£6.0M
Debtors
£9.8M
Cost of Sales
£10.1M
Admin Expenses
£8.9M
Profit After Tax
£1.9M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 12.22 | -£15k |
| 2023 | 13.68 | +£1.6M |
| 2022 | 13.13 | +£1.2M |
| 2021 | 8.20 | +£2.1M |
| 2020 | 8.17 | +£4.0M |
| 2018 | 8.16 | — |
Derived from filed accounts. Not audited figures.