Belmey Industrial Supplies Limited

Belmey Industrial Supplies Ltd, based in Newport, Gwent, UK, is a small, active family business established 29 years ago. Employing 12 people, the company holds £831,604 in assets and operates from a real address in Cardiff. With five directors and two owners, it's a well-structured operation. The company regularly imports and exports iron or steel products, having imported for 20 months and exported for a substantial 65 months, the last operations both occurring in May 01, 2022.

The company’s website, belmey.co.uk, presents a directory-style listing of cities across the UK, suggesting a broad distribution network. It's not a typical e-commerce site with product pages and shopping carts; instead, it functions as a business directory, allowing customers to select their location to find the company. It seems to be focused on providing industrial supplies, with a particular emphasis on DIY stores and site supplies. The website also mentions a partnership with "The7.co.uk," indicating a possible reliance on third-party services for its online presence.

Financially, Belmey Industrial Supplies Ltd demonstrates a mixed picture. While cash reserves increased by 13% to £390,000, bank borrowings have surged by 140% to £7,700. Creditors also increased by 33%, reaching £76,000, which could indicate a need for more working capital. Net assets, however, grew by 5% to £790,000, a positive sign of overall financial health. The company’s size—meeting two of three criteria for being small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees)—allows for agility, but the increase in debt warrants attention. There's no mention of an auditor, likely due to the company’s small size and exemption from an audit.

Overall, Belmey Industrial Supplies Ltd appears to be a stable, albeit debt-burdened, business. Its focus on distribution and broad geographic reach suggest a well-established presence in the industrial supplies market, but the company will need to manage its debt levels to ensure long-term sustainability.

Registered in England/Wales under the registration number 03056649, with a registered address at CF4 2DX, Whitchurch, Cardiff, Churchgate House, Church Road.

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