Seagull Fittings Limited

Seagull Fittings Limited, based in West Midlands, UK, is a small, active company founded 31 years ago. With 12 employees and £515,617 in assets, it’s a well-established player in the fluid power sector. The company, which has three directors and two owners, boasts a perfect 5.0 Google rating from four reviews. It regularly imports iron or steel products, with its last import operation made on April 01, 2024.

The company's website, seagullfittings.co.uk, highlights its role as a supplier of fluid power products, including pneumatics, hydraulics, fittings, valves, and PPE. It operates an online store offering over 90,000 products, emphasizing next-day delivery for orders placed before 10 pm. Beyond its retail operations, Seagull Fittings offers managed stock services to reduce downtime and streamline procurement. The site also showcases partnerships with leading brands like Camozzi, FT, Pro, Aignep, Danfoss, Jaymac, and SHop Now.

Financially, Seagull Fittings Limited presents a mixed picture. Cash bank on hand increased by 22% to £180,000, while current assets rose by 4.1% to £520,000. However, trade debtors decreased by 16% to £180,000, and net losses deepened. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, suggesting better debt management. 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 stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Seagull Fittings Limited seems to be navigating a period of change, with increased costs and a need to manage its working capital effectively. Its strong online presence and partnerships with leading brands suggest a solid foundation for future growth, but careful financial management will be crucial.

Registered in England/Wales under the registration number 02866634, with a registered address at B70 6QX, West Midlands, 90 Roebuck Lane, West Bromwich.

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