Bearing Source Ltd

Bearing Source Ltd, based in Bootle, UK, is a small, active company founded 13 years ago. With four employees and £161,971 in assets, it’s a solo-founded operation managed by a single director and owner. The company holds a perfect 5.0 Google rating from eight reviews, and regularly imports machinery, boilers, and mechanical appliances—parts, with 15 months of import activity recorded, the latest in July 2024.

The company operates in the other service activities n.e.c. industries and is a distributor of industrial bearings, seals, and power transmission components. Its website highlights a focus on service, offering a same-day, 24-hour sourcing service and technical support. It caters to the MRO industry, emphasizing competitive pricing and reduced downtime. The website also lists two locations: Liverpool and Warrington, with the latter opening soon.

Financially, Bearing Source Ltd shows a mixed picture. Current assets decreased by 28% to £160,000, while net assets dropped 18% to £27,000. Bank borrowings fell 26% to £71,000, and cash reserves plummeted 85% to £440. Trade debtors also decreased by 30%, suggesting improved collection. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the drop in equity raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Despite these challenges, the company’s focus on premium service and technical support, coupled with a strong Google rating, suggests a resilient business. Whether it can maintain this momentum while navigating financial pressures remains to be seen.

Registered in England/Wales under the registration number 07807885, with a registered address at L20 1EE, England, Bootle, Merseyside, Unit 11 Millers Bridge Industrial Estate, Seymour Street.

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