Bearingboys Ltd

Bearingboys Ltd, hailing from Norwich, UK, is a well-established family business with an active status, having operated for eighteen years. The company employs thirty-eight people and holds assets valued at £2,836,756. It has a real address, three directors, and two owners, and consistently receives a 5.0 Google rating from twenty-nine reviews. Bearingboys is a regular importer and exporter of machinery, boilers, and mechanical appliances, with parts, importing for 242 months and exporting for 24 months.

The company’s website showcases a diverse range of products, extending far beyond just bearings. It’s a comprehensive supplier of abrasives, adhesives, lubricants, power transmission components, PPE, and tools – catering to a wide array of industrial and engineering needs. The website functions as a fully-fledged e-commerce platform, allowing customers to browse, purchase, and manage their accounts online. It’s clear that Bearingboys isn’s just a bearing supplier; it’s a one-stop shop for industrial maintenance and engineering supplies.

Financially, Bearingboys Ltd’s recent report shows some interesting trends. While cash reserves increased by a respectable 44% to £470,000, several other metrics paint a more complex picture. Corporation tax payable spiked by a staggering 530% to £100,000, and bank borrowings decreased by 17% to £75,000. Trade debtors rose by 37%, suggesting a potential increase in outstanding customer payments. Net assets increased by 26%, reaching £350,000, which is a positive sign. The company’s small size, meeting two of three criteria for a small company, allows it to remain agile, but the increase in tax payable could be a concern. No auditor is mentioned, which is typical for companies of this size.

Overall, Bearingboys Ltd appears to be a stable and well-regarded business. The company's broad product range and strong online presence position it well for continued success, although the increase in tax payable should be monitored closely.

Registered in England/Wales under the registration number 05900054, with a registered address at NR13 6PL, Norwich, Unit 8 Mission Road, Rackheath Industrial Estate, Rackheath.

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