Bid Group Ltd

Bid Group Ltd, based in Westhoughton, Bolton, UK, is a well-established, large company with an active status. Founded 35 years ago in 1990, the firm employs 183 people and boasts assets totaling £9,799,779. It’s a family business with six directors and two owners, Thompson Alison and Thompson Peter Jonathan, and maintains a real address at Wingates Industrial Park. The company has a solid 4.0 Google rating based on 18 reviews, and regularly imports electrical machinery and equipment, with the latest import operation occurring in October 2024.

Bid Group Ltd specializes in industrial door solutions, offering manufacture, supply, installation, and maintenance services. Their website details a wide range of products, including high-speed doors, dock levellers, loading bay equipment, and security barriers. They also operate divisions focused on loading bay equipment (BID Loading Bay Equipment) and security barriers (PSM Gates Barriers). The company's history dates back to 1985 as Bolton Industrial Doors, and has grown to encompass several specialist product divisions. They even own a subsidiary, Lowland Doors Ltd.

Financially, Bid Group Ltd presents a mixed picture. While turnover remained steady at £12 million, net assets decreased by 8.3% to £11 million. Cash reserves grew by 8.4% to £3.7 million, however, bank borrowings decreased by 48% to £110,000. Director remuneration saw a significant drop, decreasing by 48% to £110,000. Creditors increased by 11% to £5.3 million, suggesting increased reliance on short-term financing. The company’s size (meeting two of three criteria for a large company) and lack of an auditor (likely exempt due to size) mean the figures are unaudited.

Despite some financial pressures, Bid Group Ltd’s long history, diverse product range, and strong online presence indicate a resilient business. The decrease in bank borrowings is a positive sign, but the increased reliance on creditors warrants monitoring. The company's continued success will likely depend on maintaining its reputation for quality and service within the industrial door sector.

Registered in England/Wales under the registration number 02493093, with a registered address at BL5 3XE, Westhoughton Bolton, Lancs, Unit C Elland Close, Wingates Industrial Park.

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