Sealparts Ltd

Sealparts Ltd, based in Telford, UK, is a small, active company founded 44 years ago in 1980. With just three employees and £147,868 in assets, it’s a solo-founded operation run by two directors and a single owner. The company regularly imports machinery, boilers, and mechanical appliances—parts, with 17 months of import activity recorded, the latest in December 2020. It also exports rubber and rubber products, with seven months of export activity as of July 2019.

The company’s website, Sealparts, positions itself as a distributor of hydraulic and pneumatic seals and related products, exporting to a global clientele. It's an official distributor for Sakagami Japan, specializing in precision orings and Japanese-specification oil seals. The website highlights its long-standing supply chain built around quality and reliability, and it even offers a catalogue of orings. Sealparts is a wholesale business, not a retail one.

Financially, Sealparts Ltd shows some concerning trends. Current assets decreased by 28% to £150,000, while net assets plummeted 3300% to -£14,000—a significant decline. Bank borrowings surged by 25%, reaching £25,000, and cash reserves fell 36% to £1,600. Trade debtors ballooned by 51%, suggesting delayed customer payments or expanded credit terms, and creditors rose 18% to £170,000. The lack of employees (three reported) hints at a lean operation. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

While the business has been around for a long time, the recent financial data suggests it’s facing some challenges. The sharp decline in equity raises questions about its long-term viability, and the increase in bank borrowings indicates a need for additional funding. It’s possible that the company is experiencing temporary difficulties, but it’s also possible that it’s facing more fundamental problems.

Registered in England/Wales under the registration number 01528186, with a registered address at TF8 7HT, England, Telford, Shropshire, John Rose Building High Street, Coalport.

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