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Tools Tech Ltd

10662551

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

72 HATHERSAGE ROAD, MANCHESTER, M13 0FN
Incorporated 09/03/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Mr Syed Rafat Masood

director · Since 09/03/2017

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 48

Also on 3 other boards

Ms Zarren Fatima

director · Since 23/09/2021

DIRECTOR

INDIAN · ENGLAND · Age 80

Persons with Significant Control

Mr Syed Rafat Masood

25–50% shares
25–50% votes
right-to-appoint-and-remove-directors-as-firm

British · England · Age 48

72, Hathrsage Road, Manchester, M13 0FN

Notified 09/03/2017

CompanyRankvs 78343+ SIC 82990 peers
52

Financial strength8th percentile among SIC peers · 2/25
Employees40th percentile among SIC peers · 6/15
LiquidityCurrent ratio 11.98× · 20/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
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78343Tools Tech Ltd
52
How is this score calculated?
Financial strength2/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees6/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity9/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/08/2024

Net Worth

-£19k

Balance sheet strength

Cash

£773

Cash in the bank

Net Current Assets

£24k

Working capital

Current Assets

£26k

Current Liabilities

£2k

Fixed Assets

£6k

Debtors

£25k

1avg. employees

Balance Sheet

Intangible assets£5k
Bank loans & overdrafts£45k
Assets less current liabilities£30k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
202411.98-£851
202313.44-£231
202222.62-£2k
202124.42-£30k
2020—+£25k
20191.49—

Derived from filed accounts. Not audited figures.