Steel City Bearings Limited

Steel City Bearings Ltd from Sheffield UK: a small, active company established 29 years ago, employs 15 people, and holds £1,471,477 in assets. With four directors and one owner, the business operates from a real address and has been importing machinery, boilers, and mechanical appliances parts for 107 months, and exporting the same for 147 months. It’s a regular importer and exporter.

The company’s website is currently unavailable, making it difficult to determine if it operates an e-commerce platform or primarily functions as a wholesale distributor. It's likely the business operates as a B2B supplier, given its import/export activities.

Financially, Steel City Bearings Ltd demonstrates a mixed picture. Current assets have increased by a modest 2.9% to £1,500,000, while net assets have grown by 1.8% to £950,000. However, bank borrowings have risen by 4.3% to £380,000, and cash reserves have seen a significant jump of 450% to £82,000. Creditors have decreased by 4.9% to £1,000,000, suggesting improved debt management. The company meets the criteria for a small business – turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company's financial statements are unaudited, a common practice for small companies.

The company's increased cash reserves are a positive sign, indicating improved liquidity. However, the rise in bank borrowings suggests the business may be relying on debt financing. The company's long-standing import and export history demonstrates a stable business model, but the lack of a visible online presence could limit its growth potential. The directors, Clark Matthew Lee, Clark Valerie, Clark Valerie, and Clark Kenneth, are responsible for the company’s operations, and Clark Kenneth is the sole owner.

Registered in England/Wales under the registration number 03094671, with a registered address at S3 8DP, Sheffield, South Yorkshire, Cannon House, Rutland Road.

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