Bearingtech Ltd

Bearingtech Ltd, based in Sittingbourne, UK, is a small, active company founded thirteen years ago. With eight employees and £394,470 in assets, it’s a family business with a solid 5.0 Google rating from nine reviews. The company operates from a real address and is managed by two directors and owners. Bearingtech is a regular importer, specializing in machinery, boilers, and mechanical appliances, with parts imported for fourteen months, the latest operation occurring in December 2024.

The company's website showcases a wide range of bearings, belts, pulleys, and spanners, catering to industrial and engineering applications. It's clearly an e-commerce operation, with a well-organized online shop and detailed product descriptions. The website also features a "Business Bearingtech" section, suggesting a more extensive operation, and a blog with articles on bearing materials and Land Rover maintenance.

Financially, Bearingtech Ltd’s report reveals a mixed picture. Current assets decreased by 5%, dropping to £390,000, while net assets increased by 7.5%, reaching £300,000. Bank borrowings decreased by 2.5%, settling at £10,000, and cash reserves increased significantly by 180%, reaching £210,000. Trade debtors decreased by 48%, which could indicate improved collections or reduced credit sales. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the fluctuating debtor levels warrant attention. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

Overall, Bearingtech Ltd appears to be a stable, family-run business with a strong online presence. While the financial report shows some volatility, the company’s healthy cash reserves and growing net assets suggest a positive trajectory.

Registered in England/Wales under the registration number 07724695, with a registered address at ME10 1YN, Sittingbourne, Kent, 25 Wises Lane.

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