Gateshead Bearings Limited

Gateshead Bearings Ltd, based in Gateshead, UK, is a small, active company founded 41 years ago in 1983. With twelve employees and £1,131,895 in assets, it's a well-established business. The company, run by three directors and a single owner, boasts a respectable Google rating of 4.0 based on fourteen reviews. It’s a regular importer, specializing in machinery, boilers, and mechanical appliances—parts, with recent import activity recorded as of June 2024.

The company’s website showcases a wide range of products, including bearings, self-lubes, transmission components, and more. It serves a diverse range of industries in the North East, offering both in-store pickup and European-wide delivery. The site highlights its expertise in custom design services and even mentions a division specializing in piano restoration—a surprising and potentially lucrative diversification. It also offers a wide range of products from chains to oil seals.

Financially, Gateshead Bearings Ltd presents a mixed picture. While current assets increased by 12% to £1,100,000, net assets rose by a more substantial 17% to £790,000. However, bank borrowings increased by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Trade debtors increased by 13% to £900,000, suggesting delayed customer payments or expanded credit terms. Creditors decreased by 11%, suggesting better debt management. 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 agile, but the sharp bank borrowing increase raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Gateshead Bearings Ltd appears to be a stable, well-regarded business, but it's facing pressures. The piano restoration division offers a unique opportunity, but its financial health will depend on managing its debt and maintaining its reputation for quality.

Registered in England/Wales under the registration number 01739076, with a registered address at NE10 0UH, Gateshead, Tyne & Wear,, 1 Station Road, Bill Quay.

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