N.d. Bearings & Transmissions Ltd

Nd Bearings And Transmissions Ltd from Bangor UK: small company, active status, founded 12 years ago, 1 employee, £767,422 assets, real address, 1 director, 1 owner, solo founder. Regular importer of machinery, boilers, and mechanical appliances; parts (5 months imported). Regular exporter of machinery, boilers, and mechanical appliances; parts (148 months exported). It’s a small, family-run business with a real registered address in Bangor, Northern Ireland, and a single employee. Founded twelve years ago by a solo founder, the company now has one director, Dobie Neil Mackenzie, at the helm.

The company’s website reveals a focus on bearings and power transmission products. Nd Bearings is a Master Distributor of Koyo Bearings and Diamond Chain in Northern Ireland, also authorized distributors for several other brands, including SKF, FAG, and Optibelt. They supply both industrial and agricultural markets, specializing in agricultural chains and bearings. The website also highlights their e-commerce capabilities, offering a wide range of products and catering to both online and offline customers. They even have a showroom in Harrods, London.

Financially, Nd Bearings And Transmissions Ltd shows a mixed picture. Current assets increased by 21%, reaching £770,000, while net assets grew by 16%, hitting £490,000. Bank borrowings rose by 28%, reaching £59,000, and cash reserves increased by 79%, reaching £20,000. Creditors also increased by 25%, reaching £260,000. The number of employees has doubled to two. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 10 employees. With no auditor mentioned, the figures are unaudited.

Overall, Nd Bearings And Transmissions Ltd seems to be in a relatively healthy position, with growing assets and cash reserves. The increase in bank borrowings and creditors suggests they are investing in their business, but it’s important to monitor these trends closely. The company’s strong focus on specialized products and its established distribution network should help it continue to thrive in the competitive bearings and power transmission market.

Registered in Northern Ireland under the registration number NI613127, with a registered address at BT19 7QT, Northern Ireland, Bangor, Unit 34 Enterprise House, 2-4 Balloo Avenue.

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