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Company No. 04281144 · Incorporated 4 Sep 2001

Toolstream Limited

Registered name: TOOLSTREAM LIMITED

Part of Group Silverline Limited group

Toolstream Limited made £57.8m revenue and a £9.6m loss in the year to 31 Jul 2023.

Toolstream Limited’s revenue fell 18% to £57.8m in the year to 31 Jul 2023, with a loss of £9.6m and 251 employees. The company is classified under “wholesale of other machinery and equipment” and is based in Birmingham; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46690Wholesale of other machinery and equipment
Status
In Administration
Location
Birmingham, West Midlands
Age
25 yrs · since 2001
Type
Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “Group Silverline Limited is regarded by the directors as being the company's ultimate parent company.The consolidated financial statements of Group Silverline Limited which include Toolstream Limited ”

Latest accounts · year to 31 Jul 2023

Key figures

Capital-light
Revenue
£57.8m
Growth ▼17.9%
Profit
−£9.6m
Growth —
Profit margin
−16.7%
Gross 19.5%
Employees
251
Change ▼11.9%
Profit / employee
−£38.4k
Revenue/employee £230k
Profitable streak
0yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Jul 202231 Jul 2023
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£70.3m£57.8m
Cost of sales£46.9m£46.5m
Gross profit£23.4m£11.3m
Operating profit−£2.2m−£10.9m
Profit before tax−£3.1m−£12.9m
Profit after tax−£2.9m−£9.6m
Profit (best available)−£2.9m−£9.6m
Staff costs£10.9m£9.3m
Employees (average)285251
Ratios
Profit margin−4.1%−16.7%
Gross margin33.3%19.5%
Revenue per employee£247k£230k
Profit per employee−£10.1k−£38.4k
Growth (year on year)
Revenue growth—▼17.9%
Headcount growth—▼11.9%
Balance sheet — indirect signals, not revenue
Cash at bank£1k£1k
Net assets£10.4m£755k
Fixed assets£3.7m£2.7m
Current assets£71.5m£45.4m
Debtors£9.3m£6m
Deferred income£2.2m£1.7m
SourceFullAccounts · bulk data Jan 2025FullAccounts · bulk data Jan 2025
Derived from the latest filing

How the business works

Profit margin
−16.7%
Profit ÷ revenue.
Gross margin
19.5%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£230k
Revenue ÷ average employees.
Profit per employee
−£38.4k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
4.7%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
3%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
10.5%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets
▼93%
Now £755k
Cash at bank
0%
Now £1k
Headcount
▼12%
Now 251
Deferred income
▼21%
Now £1.7m
Fixed assets
▼26%
Now £2.7m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. Group Silverline Limitedultimate parent75–100%
  2. Toolstream Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Sister companies (7)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jul 2023 (profit −£9.6m), from the Companies House accounts bulk data published Jan 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.