Thistle Bearings And Engineering Products Limited

Thistle Bearings And Engineering Products Ltd from Glasgow UK: a small, active company founded 43 years ago, employs eight people, and holds £245,710 in assets. Boasting a perfect 5.0 Google rating from twelve reviews, it’s a well-regarded operation with three directors and one owner. The company is a regular importer of machinery, boilers, and mechanical appliances, with parts imported for the last four months.

The company operates in the wholesale of other machinery and equipment industries. It’s a small company, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 100 employees. The registered address is real, with only one other company registered at the same location. The company was incorporated on August 20, 1981.

Financially, Thistle Bearings And Engineering Products Ltd shows a mixed picture. Current assets increased by 50% to £250,000, while net assets rose by 44% to £120,000. Cash bank on hand increased by a staggering 300% to £15,000, a welcome boost. However, creditors also rose by 26% to £170,000, suggesting increased reliance on short-term financing. Trade debtors increased by 29%, which could indicate a delay in customer payments. The company's bank borrowings have decreased by 12%, which is a good sign. The company’s retained earnings remained steady at £38,000.

The company is exempt from an audit, and the financial statements are unaudited. While the company’s assets are healthy, the increase in creditors warrants a closer look. It's possible the company is investing in inventory or expanding its operations, but careful management of short-term liabilities will be crucial.

Registered in Scotland under the registration number SC075852, with a registered address at G75 0XS, Scotland, Glasgow, 38 Singer Road, East Kilbride.

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