Pen Tools, Hereford

Project Info

Extremely well established business which commenced trading in 1971, with the current owner joining the company in 1976; who eventually affected a management buyout some 15 years ago.    Mainly supplying trade customers, the business stocks a vast range of hand and power tools, woodworking machinery, as well as all the peripheral accessories such router cutters and moulding tools and circular saw blades. One of the most lucrative areas of the business has to be the repair workshop, which accounts for some 15% of the turnover, but returns a far greater gross margin than the sale of new tools.
  • Client: Pen Tools, Hereford