CUTWEL LIMITED

• ⚠

  Confirmation statement overdue

  Due 2026-05-11.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

• Turnover

  -7.4%

  £27,938,618 → £25,861,820

• Cash

  +146.6%

  £941,229 → £2,320,704

  highest in 4 filed years

• Net assets

  -63.1%

  £13,803,356 → £5,091,887

  lowest in 4 filed years

• Employees

  0%

  94 → 94

• Operating profit

  -19.4%

  £5,844,898 → £4,710,830

  lowest in 3 filed years

• Profit before tax

  -21.4%

  £6,281,606 → £4,935,950

  lowest in 4 filed years

• Wages

  +1.8%

  £2,936,416 → £2,988,340

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

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.

1. CUTWEL LIMITED 1996-10-03 → present
2. TOOLS-R-US (U.K.) LIMITED 1996-05-23 → 1996-10-03

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Auditor

BHP LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence based on the following assessments, considering the principal risks and uncertainties detailed above; Management completed a forecast to April 2029, taking into consideration the stable performance during this financial year. The budget for next financial year shows continued strong liquidity and a return to revenue growth. Detailed weekly cashflow forecasts, forward looking 12 months which incorporate the assumptions from budget and reforecasts are maintained and reviewed on a weekly basis. The Company showed a net asset position at year end of £5.1m (2024: £13.8m) driven by continued good profitability, liquidity remains strong. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “Product diversification into adjacent groups.”
• “Reducing supply chain costs and increasing goods-in efficiency.”
• “Continuous development of the ecommerce strategy.”
• “Growth of the sales team.”
• “Improving customer classification and targeted marketing.”
• “Investment in the people is a key pillar of the company's success, the retention and development of our highly engaged workforce will continue through both internal and external training, career development and well-rounded rewards packages.”
• “The company engaged a new external body to redefine our climate mission, providing actions and guidance on how to remove Scope 1 and 2 emissions by 2030 and assist with scheme implementation.”
• “Alongside this we continue to improve our recycling levels and we worked with our suppliers on packaging usage reduction.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.