Zen Bearings Uk Limited

Zen Bearings Uk Limited, based in East Sussex, is a small, holding company with an active status, having operated for 28 years. Employing ten people and holding assets of £1,731,185, the company functions as a regular importer and exporter of machinery, boilers, and mechanical appliances, including parts. It has a virtual address, two directors, and one owner, and operates within the non-specialised wholesale trade industries.

The company’s website, Quality Bearings Online, showcases a vast selection of bearings, lubricants, and related products from leading brands like SKF, Kluber, and Timken. It’s clear that the business operates primarily as an online retailer, offering a wide range of products and services including adhesive, lubricant, and grease options. The site’s extensive product catalog and brand partnerships suggest a focus on serving industrial and maintenance professionals. The website also highlights a commitment to customer service, with options for international delivery and a focus on competitive pricing.

Financially, Zen Bearings Uk Limited presents a mixed picture. While current assets have increased by a solid 24%, net assets have fallen by a more concerning 7.9%. Bank borrowings have decreased by a significant 19%, which is a positive sign, but trade debtors have increased by 1.6%, suggesting potential issues with customer payments. Cash reserves have decreased by 100%, leaving the company with zero cash on hand. 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 agility, but the drop in equity and lack of cash reserves warrant attention. There is no auditor mentioned, which is typical for small companies.

The company’s reliance on a virtual address, with 56 other companies registered at the same location, is something to note, and the decrease in cash reserves may be a cause for concern. However, the consistent import and export activity, coupled with a strong online presence, suggests a resilient business model.

Registered in England/Wales under the registration number 03223753, with a registered address at TN34 1BP, East Sussex, 20 Havelock Road, Hastings.

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