Belting & Mechanical Leather Company Limited

Belting & Mechanical Leather Company Limited, based in Milngavie, UK, is a small, holding company with an active status, marking 96 years since its founding in 1928. The company employs six people and holds £595,683 in assets. It has a real address, is overseen by one director and one owner, and boasts a perfect 5.0 Google rating based on two reviews. The company regularly imports plastics and plastic products, with the last import operation occurring in January 2023.

The company operates in the tanning and dressing of leather, and dressing and dyeing of fur industries. It's a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet under £5.1 million, and fewer than 50 employees. The company's website is non-existent, which suggests a business focused on B2B rather than direct consumer sales.

Financially, Belting & Mechanical Leather Company Limited shows a mixed picture. Current assets decreased by 14%, falling to £600,000, while net assets increased by 12% to £240,000. Bank borrowings remained stable at £10,000, and cash reserves fell by 15% to £280,000. Creditors decreased by 24%, suggesting improved debt management. Trade debtors also decreased by 34%, which is a good sign. The company's equity increased by 12%, which is a positive trend. The unaudited financial statements, prepared using CCH Accounts Production software, show a stable, if not particularly dynamic, financial position. The company is exempt from an audit due to its small size. The director, Mr. C. Rossi, acknowledges his responsibilities under the Companies Act.

Registered in Scotland under the registration number SC015320, with a registered address at G62 7LN, Milngavie, Glasgow, Unit 1,, 20 Cloberfield Road.

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