Polar Bearings Limited

Polar Bearings Limited is a small, holding company based in London, UK, with an active status. Established 22 years ago in March 2003, the company employs ten people and holds assets valued at £811,507. It operates from a virtual address, a detail flagged by the registration of eighty-eight companies at the same location. The business is overseen by three directors and has one owner, though the list of owners changed three years ago. Regular imports of machinery, boilers, and mechanical appliances—parts—have been recorded for 26 months, with the last operation taking place in January 2025.

The company’s website reveals a more extensive operation than initially apparent. Polar Bearings specializes in the supply of bearings and power transmission products to the manufacturing and agricultural sectors across East Anglia. It operates from hubs in Cambridge and Colchester, holding extensive stock and offering services like technical support, rapid responses, and after-sales care. The company also provides 24-hour call-out and same-day delivery for stocked items, aiming to minimize customer downtime. Beyond bearings and power transmission, Polar Bearings offers a wide range of products, including gearboxes, motors, power hand tools, PPE, and storage handling equipment. It even has a showroom in Harrods, London, for its piano restoration division.

Financially, Polar Bearings Limited presents a mixed picture. Cash bank holdings decreased significantly by 46% to £62,000, while creditors increased by 3.1% to £590,000. Trade debtors also increased by 13% to £570,000. However, retained earnings accumulated losses dropped by 14% to £260,000. The company’s small size—meeting two of three criteria for being considered small—helps it remain agile, but the decline in equity raises questions about its long-term financial health. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited statements. The company's turnover is not mentioned, but it is likely to be less than £10.2 million.

Registered in England/Wales under the registration number 04691348, with a registered address at N3 2FG, London, 1st Floor Gallery Court, 28 Arcadia Avenue.

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