East Coast Bearings Limited

East Coast Bearings Ltd from Scarborough UK: a small, active company founded 19 years ago, employs eight people, and holds £1,087,436 in assets. It’s a real address with two directors and one owner, a solo founder, and a stellar 5.0 Google rating based on eleven reviews. The company regularly imports machinery, boilers, and mechanical appliances parts, with five months of import activity recorded.

The company operates in the non-specialised wholesale trade industries. Its website showcases a wide selection of bearings, power transmission products, hand tools, abrasives, workwear, and fasteners. It serves both trade and retail customers, offering a trade counter in Scarborough and online sales. The site also highlights partnerships with established brands like ABRACS and emphasizes sourcing capabilities for items not in stock.

Financially, East Coast Bearings Ltd presents a mixed picture. Current assets increased by 4.2% to £1,100,000, while net assets grew by 2.6% to £840,000. Cash reserves saw a significant boost, rising 78% to £230,000. However, bank borrowings increased, and creditors also rose, suggesting a need to manage debt. 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 increase in creditors warrants monitoring. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

Overall, East Coast Bearings Ltd seems to be a stable, well-regarded business, but keeping an eye on its debt levels will be important going forward.

Registered in England/Wales under the registration number 05594718, with a registered address at YO11 3UD, United Kingdom, Scarborough, North Yorkshire, Unit 18-20 Southfield Industrial Estate, Flixton.

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