Clwyd Bearings & Transmission Limited

Clwyd Bearings & Transmission Ltd from Flint UK: a small, active company established 16 years ago, employs eight people, and holds £361,175 in assets. It’s a family business with five directors and two owners, boasting a stellar 5.0 Google rating from 13 reviews. The company regularly imports machinery, boilers, and mechanical appliances, with recent activity in July 2024.

The company’s website highlights its role as a leading supplier of bearings and transmission products in Wales and the North West. Established in 1989, Clwyd Bearings prides itself on its 40 years of experience, offering not only products but also expert technical advice across various industries like chemical, steel, and mining. Their mission statement focuses on exceeding customer expectations, delivering quality products at competitive prices with a 24/7 service. A customer testimonial emphasizes their reliable service and consistent pricing. The website also lists a wide range of products, from bearings and power transmission components to industrial supplies and PPE.

Financially, Clwyd Bearings shows a mixed picture. Current assets increased by 25% to £360,000, while net assets decreased by 30% to £20,000. Bank borrowings decreased by 7.1% to £57,000, and cash reserves fell 45% to £660. Creditors increased by 19% to £480,000, and trade debtors increased by 55% to £210,000. 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 nimble, but the decrease in equity raises questions. The company is exempt from an audit, so the figures are unaudited. It’s likely the company is working to manage its debts, but the decrease in cash reserves is something to keep an eye on.

Registered in England/Wales under the registration number 06906724, with a registered address at CH6 5UY, Flint, Flintshire, Unit 11 Manor Industrial Estate.

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