Spen Bearings Limited

Spen Bearings Limited, based in Cleckheaton, UK, is a small, active company founded seven years ago in 2017. With 15 employees and £767,022 in assets, it operates from a real address and is overseen by five directors and two owners. The company regularly imports machinery, boilers, and mechanical appliances, parts, with 26 months of import activity recorded, the latest in February 2025. It also exports these items, though less frequently, with just one month of export activity as of August 2021. Spen Bearings Limited operates within the “other business support service activities n.e.c.” industry.

The company’s website is currently unavailable, making it difficult to ascertain the specifics of its online presence or e-commerce activities. It seems to be a more traditional, business-to-business operation rather than a direct-to-consumer retailer.

Financially, Spen Bearings Limited presents a mixed picture. Cash bank on hand has impressively increased by 130%, reaching £320,000, while creditors have also risen, increasing by 15% to £420,000. Debtors have decreased by 22%, which could be a positive sign of improved collection practices, or it could indicate a slowdown in sales. Net assets remain stable at £410,000, and the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for some flexibility. The company’s property plant and equipment has decreased by 16%, which could be due to depreciation or asset sales. With no auditor mentioned, the financial statements are unaudited.

Overall, Spen Bearings Limited appears to be navigating a period of change. The increase in cash reserves is encouraging, but the rise in creditors and decrease in debtors warrants attention. The company’s continued focus on importing and exporting machinery suggests a solid foundation, but its long-term success will depend on its ability to manage its finances and adapt to changing market conditions.

Registered in England/Wales under the registration number 10865883, with a registered address at BD19 5EJ, United Kingdom, Cleckheaton, West Yorkshire, 129 Westgate.

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