Bearing Pro Tools Limited

Bearing Pro Tools Limited is a small, active company based in Inverurie, Scotland, established six years ago in 2019. The company, with two directors and a single owner, employs just two people and holds £65,433 in assets. It operates an e-commerce site specializing in bike tools, offering individual tools and kits for various bike brands. The company also imports aluminum and aluminum products, although import activity has been irregular, with the last recorded import occurring over two years ago in December 2021.

The company's website, BearingProTools.com, showcases a wide range of precision-engineered bike tools, catering to both professional mechanics and home enthusiasts. It offers a comprehensive selection, including bearing pullers, presses, and specialized tools for various bike models. The site also highlights the company's commitment to quality and craftsmanship, emphasizing its manufacturing process and international shipping capabilities. It’s a business focused on a niche market, offering specialized tools for a dedicated customer base.

Financially, Bearing Pro Tools Limited presents a mixed picture. While cash reserves decreased by 61% to £19,000, trade debtors increased significantly by 250%, suggesting a possible shift in payment terms or increased sales on credit. Creditors also decreased, which is a positive sign. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the decline in cash reserves and increase in debtors could indicate some financial pressure. The company’s net assets grew by 29% to £86,000, which is a positive trend. The lack of an auditor mentioned suggests the company is exempt from an audit due to its small size. The company's plant machinery depreciated by 60% which is a concerning trend.

Registered in Scotland under the registration number SC624322, with a registered address at AB51 4SG, Scotland, Inverurie, Aberdeenshire, Unit 10 Harlaw Way, Harlaw Industrial Estate.

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