Midland Bearings Limited

Midland Bearings Ltd from Kingswinford UK: a small, active company founded 31 years ago, employs 30 people, and holds £20,761,705 in assets. It’s a real address, managed by four directors and a solo founder, and enjoys a stellar 5.0 Google rating from eight reviews. The company regularly imports and exports machinery, boilers, and mechanical appliances parts—19 months of import activity and 442 months of export activity recorded.

The company's website, Midland Bearings, operates as a wholesale trade supplier, with a massive selection of bearings from Chinese, Japanese, and Western European manufacturers. It boasts over 20 million components in stock and offers services like FK Housing Units and MBA brand ball and taper roller bearings. The site emphasizes same-day dispatch and a huge product range, catering to customers seeking quality bearings at affordable prices.

Financially, Midland Bearings Ltd presents a mixed picture. Current assets have decreased by 16%, dropping to £21 million, while net assets have fallen by 20% to £19 million. Bank borrowings have increased significantly, but cash reserves have also decreased by 27% to £590,000. Creditors have risen by 64%, which could indicate increased supplier credit, and trade debtors have increased by 20%. 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 flexible. Depreciation on computer equipment has decreased, while furniture fittings and motor vehicles have increased. The company’s financial statements are unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, Midland Bearings Ltd seems to be facing some financial pressures, but it’s a well-established business with a strong reputation and a wide product range. It’s a company that’s likely to weather the storm, but it will need to keep a close eye on its finances and adapt to changing market conditions.

Registered in England/Wales under the registration number 02839330, with a registered address at DY6 7UG, Kingswinford, West Midlands, Building 33 Second Avenue, Pensnett Trading Estate.

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