Eastern Seals (uk) Ltd

Eastern Seals (uk) Ltd, based in Ashington, UK, is a small, active company founded seventeen years ago in 2007. With 38 employees and £4,959,805 in assets, it operates from a real address and is overseen by four directors and one owner. The company regularly imports and exports rubber and rubber products—205 months of import activity and 251 months of export activity recorded—a testament to its established presence in the industry.

Eastern Seals specializes in supplying sealing products, with a particular focus on high-quality orings and related components. Its website showcases a wide range of products, including custom-made solutions and materials like Viton and HNBR, catering to sectors like aerospace, automotive, and oil & gas. The company also offers vulcanised cord rings and even has an app, Olypsys, for measuring orings. It’s clear they’re aiming for a high-tech, customer-focused approach.

Financially, Eastern Seals shows some interesting trends. Property, plant, and equipment has increased significantly—Computer Equipment up 55%, Plant Machinery up 98%—suggesting investment in operations. However, cash reserves have also grown by 47% to £300,000, which is a good sign. Creditors have decreased by 4.1%, indicating better debt management, but a sharp rise in "Amounts Owed By Group Undertakings" (62%) might warrant further investigation. Net assets have increased by 18% to £4.3 million. 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. The financial statements were audited by Jones Boyd (Durham) Limited, a positive sign of transparency.

Overall, Eastern Seals (uk) Ltd appears to be a stable, growing company with a clear focus on quality and customer service. The increased investment in equipment and growing cash reserves suggest a confident outlook, although the rise in amounts owed to group undertakings should be monitored.

Registered in England/Wales under the registration number 06273172, with a registered address at NE63 8UG, England, Ashington, Unit 3 Sovereign Business Park, Jubilee Industrial Estate.

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