Euro-bearings Limited

Euro Bearings Ltd from Milton Keynes UK is a small, active company founded 42 years ago. With seven employees and £369,202 in assets, it's a well-established operation led by five directors and two owners. The company operates from a real address and has been around since February 21, 1983. It’s an irregular importer of machinery, boilers, and mechanical appliances, parts, with just one month of import activity recorded, and a regular exporter, with 138 months of export activity.

The company's core business seems to be in the non-specialised wholesale trade industries. It's a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company’s website is currently unavailable, making it difficult to assess its online presence and sales strategy.

Financially, Euro-Bearings Ltd shows some concerning trends. Current assets have decreased by 14%, falling to £370,000. Debtors have also dropped significantly, down 21% to £210,000, which could indicate slower customer payments. On a positive note, creditors decreased by 19%, suggesting improved debt management. Equity has taken a significant hit, plummeting 57% to £98,000, which is a large decrease. Cash bank on hand has increased by 22%, rising to £55,000. The lack of an auditor is not surprising, given its small size and exemption status.

The company’s reliance on exports, which have been consistent for a long time, seems to be a key strength. However, the declining equity and the decrease in current assets warrant closer attention. It’s possible the company is reinvesting in its business, but the sharp drop in equity raises questions about its long-term financial health.

Registered in England/Wales under the registration number 01701200, with a registered address at MK19 7DR, Milton Keynes, Buckinghamshire, Field House Farm, Haversham.

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