Bearings South West Limited

Bearings South West Limited, based in Crediton, UK, is a small, active company established eight years ago. With twelve employees and £696,351 in assets, it operates from a virtual address—a fact highlighted by the presence of forty-four other companies registered at the same location. The company is led by three directors and has one owner, Green Daniel Raymond. It boasts a stellar 5.0-star Google rating from seven reviews, demonstrating strong customer satisfaction. The firm regularly imports machinery, boilers, and mechanical appliances, with its latest import activity recorded four months ago.

The company’s website showcases its position as the largest independent bearing stockists in the South West, emphasizing trade counter service, exceptional customer service, and out-of-hours support. It provides a complete engineering solution, sourcing products and arranging logistics to ensure minimal impact on manufacturing capabilities. Core values include knowledge, confidence, positive customer service, and a team-driven approach, with 24/7 callout support. The website also highlights its partnership with the Highbridge Enterprise Centre and its stock of over 50,000 products.

Financially, Bearings South West Limited presents a mixed picture. Cash bank on hand has fallen by a significant 56%, dropping to £85,000, while bank borrowings have decreased by 32%, settling at £20,000. Trade debtors have risen by 15%, reaching £300,000, and creditors have fallen by 38%, down to £250,000. Loans from directors have increased dramatically, rising by 710% to £56,000. Net assets have increased by 3%, reaching £290,000. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor is typical for a small company, meaning the figures are unaudited.

The decrease in cash reserves and the increase in loans from directors suggest the company may be burning through money, though the reduction in creditors indicates improved debt management. It’s possible the company is investing in growth, but the trend warrants close monitoring.

Registered in England/Wales under the registration number 10203892, with a registered address at EX17 3AH, United Kingdom, Crediton, Devon, Lloyds Bank Chambers, High Street.

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