Bole Machinery Ltd

Bole Machinery Ltd, based in Wolverhampton, UK, is a small, active company founded seven years ago. With four employees and £374,137 in assets, it operates from a real address and is overseen by two directors and one owner. The company is a regular importer of machinery, boilers, and mechanical appliances; parts, with recent activity recorded as of September 2024. It operates within the "other service activities n.e.c." industries.

The company's website showcases Bole Machinery as a supplier of injection moulding machines, specializing in hydraulic toggle, two-platen hybrid, full electric, and vertical machines. It caters to sectors like automotive, insert overmoulding, medical, and packaging, offering a range of machines from 100 to 6800 tonne locking force. They boast a UK showroom, trained service engineers, and even offer part exchange services. Bole Machinery is a subsidiary of Ningbo Shuangma Machinery Industry Co., Ltd, a subsidiary of Chenglu Group, founded in 1998. The BOLE brand, meaning "SwiftBest Horse," has a strong international presence.

Financially, Bole Machinery Ltd presents a mixed picture. Current assets have plummeted by a significant 63%, dropping to £370,000, while net assets have experienced an even more dramatic decline, falling 270% to -£230,000. Bank borrowings have decreased by 38%, settling at £15,000, but cash reserves have surged 930%, reaching £13,000. Trade debtors have seen a drastic reduction of 72%, falling to £200,000, and creditors have also decreased substantially, down 60% to £150,000. 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 sharp decline in equity raises concerns. No auditor is mentioned, likely due to its small company status, meaning the figures are unaudited.

The surge in cash reserves is a positive sign, but the substantial losses and negative equity suggest the company is burning through money. The decrease in debtors could indicate improved collection efforts, or it could signal a slowdown in sales. The lack of employees, despite the machinery sales, is notable, and perhaps indicates a lean operation or reliance on external contractors.

Registered in England/Wales under the registration number 11046176, with a registered address at WV10 9LE, United Kingdom, Wolverhampton, 8 Shaw Park Business Village, Off Shaw Road.

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