Bearing Factors Limited

Bearing Factors Ltd from Nelson UK: a small, active company founded eight years ago, employs seven people, and holds £242,245 in assets. It’s a family business with two directors and two owners, operating from a real address. The company regularly imports machinery, boilers, and mechanical appliances, parts – most recently in March 2023 – and exports these items irregularly, with the last export operation in August 2023. It operates in the other retail sale not in stores, stalls or markets industries.

While the company’s website isn't available, the financial data provides some insights. Accumulated depreciation on property, plant, and equipment increased by 49% to £2,300, indicating investment in assets. However, net assets decreased by 16% to £100,000, which is a bit concerning. Bank borrowings increased, and cash reserves fell by 23% to £56,000. Creditors also decreased, which is a positive sign. The company meets the criteria for being a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees.

The company’s directors, Egar Christopher David and Egar Michael Paul, have been signing financial statements. It’s worth noting that the company has not claimed exemption from reporting disclosure related party transactions. Overall, Bearing Factors Ltd seems to be navigating a period of change. The decrease in net assets and cash reserves could be due to increased investment or operational challenges. Without an auditor mentioned, the financial picture relies on the company's own reporting.

Registered in England/Wales under the registration number 10426535, with a registered address at BB9 8TE, England, Nelson, Unit C3a Progress Road, Whitewalls Industrial Estate.

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