Bearing Store Limited

Bearing Store Ltd from Ashford UK: a small, active company founded fifteen years ago, employs one person, and holds £190,523 in assets. It operates from a virtual address—a point to note as forty-two companies are registered at the same location—and is led by three directors and three owners. The business has a stellar 5.0 Google rating based on a single review, and is a irregular importer of iron or steel products, with its last import operation recorded eighteen months ago. It’s a family business, too.

Bearing Store Ltd's website highlights its specialization in bearings, belts, pulleys, and other precision engineering components, stocking well-known brands like SKF and TIMKEN. Beyond retail, the company offers high-quality engineering services, including design, prototyping, and production, catering to a wide range of industries—from medical to defence. It also has a workshop equipped with CNC machine tools, allowing for quick and accurate responses to customer needs.

The company’s financial health presents a mixed picture. While current assets have increased significantly to £190,000, net assets have decreased to -£65,000. Bank borrowings have decreased by 58%, and cash reserves are a mere £95. Creditors have increased substantially, reaching £210,000, which could indicate a reliance on trade credit. The company’s small size—meeting two of three conditions for a small company—helps it stay flexible, but the decrease in equity raises questions. As a small company, it's exempt from an audit, and the financial statements are unaudited.

The business seems to be holding its own, but the financial data suggests it’s burning through money. The engineering services side, however, appears to be a strong differentiator, and the company’s reputation for quality and expertise could help it navigate these challenges.

Registered in England/Wales under the registration number 07137267, with a registered address at TN24 8LF, Ashford, Kent, 19 North Street.

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