Huddersfield Bearings Limited

Huddersfield Bearings Ltd from Huddersfield, UK, is a small, active company founded 24 years ago in 2001. It employs 20 people and holds £4,237,386 in assets. With a real address and seven directors, including Sayers Doreen as the owner, the business operates as both a regular importer and exporter of machinery, boilers, and mechanical appliances, parts. The company’s website highlights over four decades of experience in the bearing trade, supplying a wide range of products from SKF, FAG, and Timken, among others, and offering a 24/7 breakdown service.

The company’s core business involves supplying bearings and transmission components to both trade and industry. It ships worldwide and even offers a 24/7 breakdown service. The website details a diverse product range, including imperial bearings, split roller bearings, and SKF bearing housings. The business also has a blog, which is a nice touch.

Financially, Huddersfield Bearings Ltd presents a mixed picture. While current assets increased by 10% to £4.2 million, bank borrowings surged by 2,400%, reaching £29,000. Cash reserves fell 89% to £120,000, and creditors increased by 25% to £1.3 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) helps it stay agile, but the sharp cash decline is concerning. The increase in creditors suggests that the company may be relying on short-term financing to manage its operations. The company’s net assets, however, increased by 3.6% to £3.1 million. The company’s property, plant, and equipment decreased by 21% to £140,000. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Huddersfield Bearings Ltd appears to be a well-established business facing some financial pressures. The company’s strong supplier relationships and global reach are positives, but managing cash flow will be crucial for its long-term success.

Registered in England/Wales under the registration number 04159928, with a registered address at HD1 6QB, United Kingdom, Huddersfield, Units 10 & 11 St. Andrews Court Off Leeds Road.

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