Bond Precision Grinding Limited

Bond Precision Grinding Ltd, based in Sheffield, UK, is a small, active company with a solid 39-year history. Founded by a solo entrepreneur, the business now employs five people and holds £1,570,726 in assets. It operates from a real address and is overseen by two directors and one owner, Bond Steven. The company boasts a respectable Google rating of 4.0 based on four reviews and is a regular importer of iron and steel, with 40 months of import activity recorded, the last in January 2025.

The company’s core business revolves around the wholesale of metals and metal ores, indicating a B2B focus. While no website is listed, this suggests a reliance on direct sales and established industry relationships rather than a consumer-facing online presence. It’s likely that Bond Precision Grinding Ltd serves as a supplier to manufacturers and other businesses requiring precision grinding services.

Financially, Bond Precision Grinding Ltd presents a mixed picture. Current assets increased by 9.2% to £1,600,000, while net assets grew by 17% to £2,100,000—a positive trend. Cash reserves saw a significant boost, increasing by 550% to £450,000. However, trade debtors decreased by 49%, suggesting slower payments from customers, and creditors also fell by 44%, which could be a result of better negotiation terms or reduced purchasing. 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 flexibility, but the decrease in debtors warrants further investigation. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Bond Precision Grinding Ltd appears to be a stable, albeit small, business. The increase in cash reserves and net assets are encouraging signs, but the decrease in debtors could indicate a potential challenge. The company's long history and established industry presence suggest a resilient operation, but ongoing monitoring of its financial performance is advisable.

Registered in England/Wales under the registration number 01933741, with a registered address at S9 3QA, Sheffield, Trafalgar Works, Effingham Road.

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