Air Bearings Limited

Air Bearings Ltd from Ferndown UK is a large, active company founded 32 years ago. With 98 employees and £9.69 million in assets, it generates £13.41 million in yearly revenue. The company, which boasts a real address, is managed by four directors and one owner, and operates an e-commerce site with a stellar 5.0 Google rating based on eight reviews. It regularly imports and exports machinery, boilers, and mechanical appliances; parts, with 136 months of import activity and 266 months of export activity.

The company specializes in air bearing spindle design, development, and manufacture, catering to customers worldwide. Its website highlights expertise in precision engineering, utilizing advanced design tools like CAD, FEA, and CFD. ABL also acts as an agent for various international companies, representing brands in Taiwan, Korea, and Japan. The company’s website showcases a network of agents and service centers, ensuring global support for its products.

Financially, Air Bearings Ltd shows a mixed picture. Current assets decreased by 28%, falling to £9.7 million, while net assets also declined. Bank borrowings increased significantly, reaching £2.2 million, and cash reserves fell by 60%, dropping to £400,000. However, trade debtors decreased by 44%, suggesting improved collection of payments. Despite these challenges, the company’s large size (meeting two of three criteria for turnover over £36 million, balance sheet over £18 million, and over 250 employees) allows it to maintain a strong market position. The company’s accounts were audited by Shaw Gibbs (Audit) Limited.

The decline in cash reserves and current assets could be attributed to increased investment in product development or expansion into new markets. The decrease in trade debtors, however, is a positive sign, indicating effective financial management. While the company faces some financial headwinds, its established reputation, global network, and commitment to innovation position it for continued success.

Registered in England/Wales under the registration number 02788050, with a registered address at BH21 7HZ, England, Ferndown, Dorset, Unit A, Nimrod Way, East Dorset Trade Park.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.