Industrial Brakes Limited

Industrial Brakes Ltd from Wolverhampton UK: a small, active company established 40 years ago, employs 22 people, and holds assets of £1,052,551. Founded by a solo entrepreneur, it’s now managed by five directors and two owners. The company operates from a real address and regularly imports and exports vehicles, parts, and accessories (excluding trains and trams) – 31 months of imports and 40 months of exports recorded.

The company’s website highlights its specialization in friction materials and relining services. Since 1983, Industrial Brakes has supplied high-quality friction products to industries across Europe, emphasizing top-brand non-asbestos materials. A key differentiator is its extensive stock and next-day delivery service. The website also showcases a significant relining service, catering to brakes and clutches of all sizes, with a market-leading turnaround time. A recent visit from Tim Shaw of Car SOS further boosted the company’s profile. The website also mentions a piano restoration business, 1066 Pianos, which is interesting.

Financially, Industrial Brakes Ltd shows a mixed picture. Current assets have decreased by 17% to £1,100,000, while net assets have fallen 10% to £990,000. Bank borrowings have decreased by 33% to £20,000, and cash reserves have declined by 25% to £72,000. Creditors have also decreased by 35% to £140,000, suggesting improved 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 remain agile. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Industrial Brakes Ltd seems to be holding its own, but the decline in assets and cash reserves warrants attention. The company’s focus on specialized services and its reputation for quality could help it weather any financial headwinds.

Registered in England/Wales under the registration number 01831530, with a registered address at WV2 2LD, Wolverhampton, West Midlands, 14-15 Webner Industrial Estate, Ettingshall Road Bilston.

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