Franke Bearings Limited

Franke Bearings Ltd from Preston UK: a small company, holding company, with active status, was founded nineteen years ago in 2005. It employs just four people and holds £373,314 in assets. With two directors and a single owner, it operates from a real address and is a regular importer and exporter of machinery, boilers, and mechanical appliances; parts.

The company’s website showcases its expertise in rotary and linear bearings, offering both bespoke and stock solutions. Franke Bearings designs, manufactures, and supplies bearings to customers, emphasizing lightweight and flexible designs that save space. The site highlights applications across industries, from robotics to medical devices, and even offers a technical product guide for download. A blog section features insights into high-executing bearings and assembly techniques, while a live webinar demonstrates cutting-edge bearing technology. The company is also actively supporting engineers and inventors, challenging them to bring their concepts to reality.

Financially, Franke Bearings Ltd shows a mixed picture. Current assets increased by 12% to £370,000, while net assets also rose by 17% to £310,000. However, bank borrowings increased by 11% to £24,000, and cash reserves decreased by 13% to £220,000. Trade creditors decreased by 44%, which is a positive sign. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, likely due to the company’s small size.

The increase in bank borrowings and decrease in cash reserves may indicate the company is investing in growth or facing temporary cash flow challenges. The decrease in trade debtors, however, suggests better management of customer payments. Overall, Franke Bearings Ltd appears to be a stable, albeit small, company operating in a specialized market, but it's important to monitor its financial trends closely.

Registered in England/Wales under the registration number 05566684, with a registered address at PR3 3WH, United Kingdom, Preston, Unit 5 90 Berry Lane, Longridge.

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