Bags And Gears Ltd

Bags And Gears Ltd from London UK: small company, active status, founded 3 years ago, real address, 1 director, 1 owner, solo founder, google rating 5.0 based on 4 reviews. It’s a small operation, meeting two of three conditions for a small company: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The business, incorporated in November 2021, operates from a real address shared by nine other companies, suggesting a cost-effective location. Rahman Masuder is both the director and owner, acting as the sole founder.

The company's website, Davall Gears, focuses on precision gear design and manufacturing, offering custom solutions for industries like aerospace and defense. It’s not a simple e-commerce site; instead, it’s a B2B operation catering to manufacturers needing high-precision components. Davall Gears provides design, engineering, machining, and distribution services, alongside a range of standard catalogue parts. The site highlights accreditations like AS9100D and ISO 9001, emphasizing quality and compliance. Recent news posts showcase the company’s involvement in industry events and strategic investments, like the Star SR38 Type B machine, which they say streamlined their machining capabilities.

Financially, Bags And Gears Ltd presents a mixed picture. Cash reserves increased significantly, jumping 850% to £1,300—a positive sign. However, accumulated depreciation impairment property plant equipment rose 100% to £750, and net assets liabilities increased 86% to £2,700. Creditors decreased by 55%, which is good, but trade debtors are also up, suggesting a possible cashflow issue. Property plant equipment gross cost stayed the same at £2,500, but the value of the equipment itself dropped 18% to £1,800. The company’s small size and exemption from an audit mean the figures are unaudited, so it’s hard to get a full picture. It seems like the company is growing, but it’s also managing some financial pressures.

Registered in England/Wales under the registration number 13718774, with a registered address at E1 5JQ, England, London, 111 Hanbury Street.

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