THE TOOL CONNECTION LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-03 (in 2mo)
Last made up 2025-06-19
Watchouts
Cash
£6M
-40.7% lowest in 5 filed years
Net assets
£29M
-0.1% vs 2023
Employees
134
-2.2% vs 2023
Profit before tax
£3M
+12% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £21,371,516 | £21,312,018 | |
| Operating profit | — | — | — | — | — | £2,223,019 | £2,271,762 | |
| Profit before tax | — | — | — | — | — | £2,281,491 | £2,555,328 | |
| Net profit | — | — | £2,332,035 | — | £1,442,903 | £1,805,883 | £1,935,243 | |
| Cash | — | £5,916,171 | £8,232,534 | — | £9,350,123 | £9,425,956 | £5,586,692 | |
| Total assets less current liabilities | — | £23,278,712 | — | — | — | £29,810,041 | £29,704,815 | |
| Net assets | — | £22,327,688 | £24,309,723 | — | £27,605,190 | £29,211,073 | £29,196,316 | |
| Equity | £20,292,310 | £22,327,688 | — | £25,829,883 | — | £29,211,073 | £29,196,316 | |
| Average employees | — | — | 123 | — | 133 | 137 | 134 | |
| Wages | — | — | £3,337,151 | — | £3,824,184 | £4,067,167 | £4,181,651 | |
| Directors' remuneration | — | — | — | — | — | £593,331 | £590,340 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-0.3%
£21,371,516 £21,312,018
-
Cash
-40.7%
£9,425,956 £5,586,692
lowest in 5 filed years
-
Net assets
-0.1%
£29,211,073 £29,196,316
-
Employees
-2.2%
137 134
-
Operating profit
+2.2%
£2,223,019 £2,271,762
-
Profit before tax
+12%
£2,281,491 £2,555,328
-
Wages
+2.8%
£4,067,167 £4,181,651
highest in 4 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 10.4% | 10.7% | |
| Net margin | — | — | — | — | — | 8.4% | 9.1% | |
| Return on capital employed | — | — | — | — | — | 7.5% | 7.6% | |
| Current ratio | — | — | — | — | — | 13.68x | 12.22x | |
| Interest cover | — | — | — | — | — | 16.03x | 37.63x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- THE TOOL CONNECTION LIMITED 2005-04-01 → present
- LASER TOOLS LIMITED 1998-09-21 → 2005-04-01
- TOOL CONNECTION LIMITED(THE) 1986-01-07 → 1998-09-21
- ATLASDEAL LIMITED 1985-12-05 → 1986-01-07
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- DKR Audit Services Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, 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.”
Group structure
- THE TOOL CONNECTION LIMITED · parent
- Eldon Tool Company Limited 100%
- Power-Tec Automotive Equipment Ltd 100%
- Eldon Engineering Co. Limited 100%
- Eldon Tool and Engineering Limited 100%
- Eldon Flow Equipment Limited 100%
- Laser Tools Racing Ltd 100%
Significant events
- “During the year, a group restructure took place, with The Tool Connection Holdings Ltd acquiring 100% of the share capital of The Tool Connection Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALTHAM, Edward George | Director | 2012-04-02 | Nov 1969 | British |
| BAMFORD, Michael Alan | Director | 2019-05-24 | May 1975 | British |
| BLACKBOURN, Mark | Director | 2019-05-24 | Feb 1972 | British |
| SOFTLEY, Mark | Director | 2020-10-01 | Oct 1963 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRISKER, Paulette Anne | Secretary | 1998-12-07 | 2019-05-24 |
| SMITH, Ann Lois | Secretary | — | 1998-11-13 |
| ALLEN, Brendan | Director | 1999-04-06 | 2017-12-13 |
| BRISKER, Paulette Anne | Director | 1999-04-06 | 2019-05-24 |
| SMITH, Ann Lois | Director | — | 1998-11-13 |
| SMITH, Martin Trevor | Director | — | 2024-07-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Edward George Altham | Individual | Significant influence | 2025-09-04 | Active |
| Mr Martin Trevor Smith | Individual | Significant influence | 2024-05-22 | Active |
| The Tool Connection Holdings Ltd | Corporate entity | Shares 75–100% | 2024-05-22 | Active |
| Mr Martin Trevor Smith | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2024-05-22 |
Filing timeline
Last 20 of 134 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-09-04 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-06-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-23 | AA | accounts | Accounts with accounts type group | |
| 2024-08-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-19 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-06-19 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-06-19 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-06-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-25 | AA | accounts | Accounts with accounts type group | |
| 2023-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-30 | AA | accounts | Accounts with accounts type group | |
| 2022-08-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-02-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-23 | AA | accounts | Accounts with accounts type group | |
| 2021-03-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-15 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.