Industrial Component Supplies Limited

Industrial Component Supplies Ltd, based in Saltash, UK, is a small, active company established 23 years ago. With seven employees and £357,618 in assets, it operates from a virtual address – a point to note as thirty-two companies share this location. The company is run by four directors, including solo founder Penney Terence Edwin, and boasts a stellar 5.0 Google rating from 27 reviews. It's a regular importer of machinery, boilers, and mechanical appliances, with parts imported for five months, the latest activity recorded in October 2024.

The company’s website highlights its role as a distributor of industrial and engineering components, offering a wide range of products from bearings and power transmission parts to oils, lubricants, and power tools. It’s a member of the Independent Authorised Distributors Alliance (IADA), emphasizing its commitment to local service with national strength, and also part of the Troy Tool Group and National Merchant Buying Society. The website promotes a comprehensive service, including large local stocks, technical advice, managed inventory, and vending systems. It's clear they're aiming to compete with larger national suppliers while maintaining a personal touch.

Financially, the picture is mixed. Current assets increased by 11% to £360,000, while net assets grew by 53% to £84,000 – a positive sign. However, bank borrowings rose by 11% to £20,000, and cash reserves decreased by 65% to £15,000. Trade debtors increased significantly by 37% to £230,000, which could indicate a reliance on customer payments. Creditors decreased by 24%, suggesting improved debt management. The company meets two of the three criteria to be considered small – turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, which is typical for small companies.

Overall, Industrial Component Supplies Ltd appears to be navigating a period of change. While the company’s assets and net assets are growing, the decrease in cash reserves and increase in trade debtors could be a cause for concern. The company’s membership in industry groups and focus on customer service suggest a commitment to long-term sustainability, but it will be interesting to see how these trends develop in the coming year.

Registered in England/Wales under the registration number 04402541, with a registered address at PL6 8LT, Plymouth, Devon, Plym House 3 Longbridge Road, Marsh Mills.

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