J & M Belts Limited

J & M Belts Limited, based in Grays, UK, is a small, active family business established 22 years ago. With nine employees and £969,575 in assets, it operates from a real address and is managed by three directors and two owners. The company boasts a stellar 5.0 Google rating from nine reviews, reflecting a positive customer experience. It’s a regular importer, primarily sourcing machinery, boilers, and mechanical appliances, with 14 months of import activity recorded up to December 2024. The company operates as agents involved in the sale of machinery, industrial equipment, ships and aircraft.

The company's website, while not providing detailed e-commerce functionality, highlights its expertise in transmission parts and components. It seems to focus on distribution rather than direct online sales, catering to industrial clients. The site emphasizes technical knowledge and a commitment to quality, suggesting a business-to-business model.

Financially, J & M Belts Limited presents a mixed picture. While cash bank on hand increased by 1.9% to £490,000, net assets grew by a healthy 6.5% to £700,000. However, bank borrowings increased significantly, rising by 100% to £7,700, and directors' advances also increased. Current assets grew by 4.6% to £970,000, while trade debtors increased by 4.3% to £300,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increased borrowing suggests a need for careful cash flow management. As a small company, it's exempt from an audit, so the financial information is unaudited. The increase in directors’ advances could be related to the company’s growth or investment in new equipment. The company’s growth in assets is a good sign, but the increased borrowing should be monitored closely.

Registered in England/Wales under the registration number 04523952, with a registered address at RM17 6BZ, United Kingdom, Grays, Essex, 72 Bridge Road.

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