Bowring Transport Limited

Bowring Transport Ltd, based in Warsop, UK, is a well-established family business with a 49-year history, currently holding assets valued at £28,636,729. The company operates as a holding company and maintains an active trading status. With three directors and three owners, it’s a tight-knit operation, and boasts a respectable Google rating of 4.0 based on 44 reviews. They regularly import machinery, boilers, and mechanical appliances parts (for 18 months), and export vehicles, parts, and accessories (for 13 months).

Bowring Transport’s website paints a picture of a business deeply rooted in agricultural and construction haulage. Founded in 1951, it has grown from a small livestock transporter to one of the largest privately owned haulage companies in the East Midlands, boasting a fleet of over 60 vehicles. Beyond haulage, the company also offers services like agricultural machinery sales, equestrian supplies, and even metal fabrication and landfill operations. They’re proud of their museum-grade piano restoration service, too, which is quite a departure from their core business.

Financially, Bowring Transport shows some concerning trends. While cash reserves remained steady at £13,000, net assets took a hit, falling 4.4% to £29,000,000. Trade debtors decreased by a significant 18%, reaching £6,800,000, suggesting a possible slowdown in customer payments. Bank borrowings increased substantially, jumping 2,400% to £600,000, and creditors increased by 12%, reaching £20,000,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the increase in borrowings raises questions about its financial health. The accounts were audited by Shorts, and the report was signed by Julie Holderness. Despite these challenges, Bowring Transport’s long history and diverse range of services suggest a resilient business, though the future will depend on managing its debt and maintaining its reputation for quality service.

Registered in England/Wales under the registration number 01212048, with a registered address at NG20 0EP, United Kingdom, Warsop, Notts, Windmill House Farm, Forest Road.

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