Main Line Bearing Co. Limited

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main line bearing co. limited Company Information

Live

MatureSmallDeclining

Company Number

01291035

Website

www.mainlinebearings.com

Registered Address

first floor, mayesbrook house, lawnswood business park, leeds, LS16 6QY

Industry

Wholesale of other machinery and equipment

Telephone

441132633321

Next Accounts Due

May 2025

Group Structure

View All

Directors

Rameshchandra Bhogaita33 Years

Shareholders

bidco (impex) limited 100%

main line bearing co. limited Estimated Valuation

£560.8k - £6.4m

The estimated valuation range for main line bearing co. limited, derived from financial data as of August 2023 and the most recent industry multiples, is between £560.8k to £6.4m

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Main Line Bearing Co. Limited AI Business Plan

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Main Line Bearing Co. Limited is a live company located in leeds, LS16 6QY with a Companies House number of 01291035. It operates in the wholesale of other machinery and equipment sector, SIC Code 46690. Founded in December 1976, it's largest shareholder is bidco (impex) limited with a 100% stake. Main Line Bearing Co. Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Main Line Bearing Co. Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £4.5m, make it smaller than the average company (£16.8m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (5.2%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MAIN LINE BEARING CO. LIMITED group structure

Main Line Bearing Co. Limited has no subsidiary companies.

Ultimate parent company

LINDHURST 2013 LIMITED

08805781

BIDCO (IMPEX) LIMITED

01676751

2 parents

MAIN LINE BEARING CO. LIMITED

01291035

MAIN LINE BEARING CO. LIMITED Shareholders

bidco (impex) limited

100%

Main Line Bearing Co. Limited currently has 1 director, Mr Rameshchandra Bhogaita serving since Dec 1990.

officer	country	age	start	end	role
Mr Rameshchandra Bhogaita	England	71 years	Dec 1990	-	Director

EXPORT

Main Line Bearing Co. Limited's latest turnover from August 2023 is estimated at £4.5 million and the company has net assets of £2.3 million. According to their latest financial statements, Main Line Bearing Co. Limited has 19 employees and maintains cash reserves of £445 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	4,483,673	2,545,066	2,124,730	4,806,237	5,413,875	5,241,805	5,018,699	4,797,171	8,836,906	9,128,056	6,672,052	5,552,462	6,068,541	6,733,018	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,210,440	1,609,326	1,370,030	3,473,600	3,893,321	3,835,020	3,620,101	3,390,567	6,270,749	6,441,003	4,644,131	3,941,886	4,344,895	4,727,936	0
Gross Profit	1,273,233	935,740	754,700	1,332,637	1,520,554	1,406,786	1,398,598	1,406,605	2,566,157	2,687,053	2,027,921	1,610,576	1,723,645	2,005,082	0
Admin Expenses	1,189,859	702,852	671,011	1,482,567	1,401,366	1,331,992	1,377,930	1,439,594	2,528,500	3,925,015	1,838,491	1,362,025	-140,108	1,837,677	-687,293
Operating Profit	83,374	232,888	83,689	-149,930	119,188	74,794	20,668	-32,989	37,657	-1,237,962	189,430	248,551	1,863,753	167,405	687,293
Interest Payable	101,545	14,019	15,354	40,400	46,720	40,164	31,864	15,829	0	0	14,713	26,630	24,548	12,631	0
Interest Receivable	19,335	0	0	214	1,464	1,035	295	259	456	574	363	8	7	8	4
Pre-Tax Profit	1,164	218,869	68,335	-190,116	73,932	35,664	-10,901	-48,560	38,113	-1,237,388	175,081	221,929	1,839,212	154,782	687,297
Tax	-291	-18,113	-25,146	0	-14,047	-6,776	0	0	-7,622	0	-40,269	-53,263	-478,195	-43,339	-192,443
Profit After Tax	873	200,756	43,189	-190,116	59,885	28,888	-10,901	-48,560	30,490	-1,237,388	134,812	168,666	1,361,017	111,443	494,854
Dividends Paid	0	18,000	71,400	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	873	182,756	-28,211	-190,116	59,885	28,888	-10,901	-48,560	30,490	-1,237,388	134,812	168,666	1,361,017	111,443	494,854
Employee Costs	907,474	898,351	760,481	886,687	903,010	808,176	748,691	756,304	1,191,851	1,239,053	958,651	770,973	896,030	1,110,727	0
Number Of Employees	19	19	17	20	20	19	19	19	30	32	25	21	25	32	0
EBITDA*	101,666	252,769	104,112	-130,972	139,894	98,525	44,405	-8,479	59,319	-1,221,107	209,225	267,638	1,883,556	189,840	723,448

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	729,431	736,828	752,823	763,114	631,190	648,009	652,267	673,162	1,156,522	1,016,690	1,009,169	1,025,454	1,036,152	1,052,629	871,821
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	580,000	580,000	580,000	580,000	470,000	471,500	471,500	470,000	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,309,431	1,316,828	1,332,823	1,343,114	1,101,190	1,119,509	1,123,767	1,143,162	1,156,522	1,016,690	1,009,169	1,025,454	1,036,152	1,052,629	871,821
Stock & work in progress	2,287,982	2,188,323	2,284,499	2,539,775	2,775,557	2,623,423	2,632,610	2,570,036	2,609,504	2,509,462	2,432,746	2,321,328	2,156,404	2,084,103	1,995,927
Trade Debtors	409,312	574,641	456,575	432,316	537,199	606,151	495,620	485,285	570,063	744,753	705,267	778,190	825,529	711,215	674,333
Group Debtors	12,342	29,104	34,289	18,686	19,493	21,106	9,697	15,421	0	0	0	0	0	0	0
Misc Debtors	51,083	64,013	87,022	62,732	54,884	73,083	57,826	66,934	0	0	0	0	3,613	0	0
Cash	444,956	328,442	189,767	188,137	239,837	150,501	125,446	110,666	96,181	86,160	143,471	1,758	1,519	1,477	1,527
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,205,675	3,184,523	3,052,152	3,241,646	3,626,970	3,474,264	3,321,199	3,248,342	3,275,748	3,340,375	3,281,484	3,101,276	2,987,065	2,796,795	2,671,787
total assets	4,515,106	4,501,351	4,384,975	4,584,760	4,728,160	4,593,773	4,444,966	4,391,504	4,432,270	4,357,065	4,290,653	4,126,730	4,023,217	3,849,424	3,543,608
Bank overdraft	978,176	868,092	645,177	617,230	707,344	676,949	513,105	506,538	0	0	0	452,698	366,687	388,634	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	311,820	252,643	337,130	293,306	447,166	372,901	368,831	324,262	2,329,845	2,424,079	1,125,920	640,864	788,351	1,948,121	2,323,214
Group/Directors Accounts	804,942	920,432	1,111,043	1,381,899	1,396,308	1,383,683	1,431,932	1,440,222	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	83,387	119,908	130,569	113,681	60,019	99,856	99,507	73,186	0	0	0	0	0	0	0
total current liabilities	2,178,325	2,161,075	2,223,919	2,406,116	2,610,837	2,533,389	2,413,375	2,344,208	2,329,845	2,424,079	1,125,920	1,093,562	1,155,038	2,336,755	2,323,214
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	1,442	6,716	0	0	430	2,690	231
provisions	5,627	7,087	10,623	0	1,362	1,362	12	1,489	3,291	2,172	0	0	0	0	0
total long term liabilities	5,627	7,087	10,623	0	1,362	1,362	12	1,489	4,733	8,888	0	0	430	2,690	231
total liabilities	2,183,952	2,168,162	2,234,542	2,406,116	2,612,199	2,534,751	2,413,387	2,345,697	2,334,578	2,432,967	1,125,920	1,093,562	1,155,468	2,339,445	2,323,445
net assets	2,331,154	2,333,189	2,150,433	2,178,644	2,115,961	2,059,022	2,031,579	2,045,807	2,097,692	1,924,098	3,164,733	3,033,168	2,867,749	1,509,979	1,220,163
total shareholders funds	2,331,154	2,333,189	2,150,433	2,178,644	2,115,961	2,059,022	2,031,579	2,045,807	2,097,692	1,924,098	3,164,733	3,033,168	2,867,749	1,509,979	1,220,163

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	83,374	232,888	83,689	-149,930	119,188	74,794	20,668	-32,989	37,657	-1,237,962	189,430	248,551	1,863,753	167,405	687,293
Depreciation	18,292	19,881	20,423	18,958	20,706	23,731	23,737	24,510	21,662	16,855	19,795	19,087	19,803	22,435	36,155
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-291	-18,113	-25,146	0	-14,047	-6,776	0	0	-7,622	0	-40,269	-53,263	-478,195	-43,339	-192,443
Stock	99,659	-96,176	-255,276	-235,782	152,134	-9,187	62,574	-39,468	100,042	76,716	111,418	164,924	72,301	88,176	1,995,927
Debtors	-195,021	89,872	64,152	-97,842	-88,764	137,197	-4,497	-2,423	-174,690	39,486	-72,923	-50,952	117,927	36,882	674,333
Creditors	59,177	-84,487	43,824	-153,860	74,265	4,070	44,569	-2,005,583	-94,234	1,298,159	485,056	-147,487	-1,159,770	-375,093	2,323,214
Accruals and Deferred Income	-36,521	-10,661	16,888	53,662	-39,837	349	26,321	73,186	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,460	-3,536	10,623	-1,362	0	1,350	-1,477	-1,802	1,119	2,172	0	0	0	0	0
Cash flow from operations	217,933	142,276	341,425	101,092	96,905	-30,492	55,741	-1,900,787	33,230	-36,978	615,517	-47,084	55,363	-353,650	183,959
Investing Activities
capital expenditure	-10,895	-3,886	-10,132	-150,882	-3,887	-19,473	-2,842	458,850	-161,494	-24,376	-3,510	-8,389	-3,326	-203,243	-907,976
Change in Investments	0	0	0	110,000	-1,500	0	1,500	470,000	0	0	0	0	0	0	0
cash flow from investments	-10,895	-3,886	-10,132	-260,882	-2,387	-19,473	-4,342	-11,150	-161,494	-24,376	-3,510	-8,389	-3,326	-203,243	-907,976
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-115,490	-190,611	-270,856	-14,409	12,625	-48,249	-8,290	1,440,222	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-1,442	-5,274	6,716	0	-430	-2,260	2,459	231
share issue	-2,908	0	0	252,799	-2,946	-1,445	-3,327	-3,325	143,104	-3,247	-3,247	-3,247	-3,247	178,373	725,309
interest	-82,210	-14,019	-15,354	-40,186	-45,256	-39,129	-31,569	-15,570	456	574	-14,350	-26,622	-24,541	-12,623	4
cash flow from financing	-200,608	-204,630	-286,210	198,204	-35,577	-88,823	-43,186	1,419,885	138,286	4,043	-17,597	-30,299	-30,048	168,209	725,544
cash and cash equivalents
cash	116,514	138,675	1,630	-51,700	89,336	25,055	14,780	14,485	10,021	-57,311	141,713	239	42	-50	1,527
overdraft	110,084	222,915	27,947	-90,114	30,395	163,844	6,567	506,538	0	0	-452,698	86,011	-21,947	388,634	0
change in cash	6,430	-84,240	-26,317	38,414	58,941	-138,789	8,213	-492,053	10,021	-57,311	594,411	-85,772	21,989	-388,684	1,527

P&L

August 2023

turnover

4.5m

+76%

operating profit

83.4k

gross margin

28.4%

-22.76%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

August 2023

net assets

2.3m

total assets

4.5m

cash

445k

+0.35%

net assets

Total assets minus all liabilities

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company number

01291035

Type

Private limited with Share Capital

industry

46690 - Wholesale of other machinery and equipment

incorporation date

December 1976

age

accounts

Total Exemption Full

ultimate parent company

LINDHURST 2013 LIMITED

previous names

N/A

incorporated

address

first floor, mayesbrook house, lawnswood business park, leeds, LS16 6QY

last accounts submitted

August 2023

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 6 charges/mortgages relating to main line bearing co. limited. Currently there are 3 open charges and 3 have been satisfied in the past.

main line bearing co. limited Company Information

main line bearing co. limited Estimated Valuation

main line bearing co. limited Estimated Valuation

main line bearing co. limited Estimated Valuation

Main Line Bearing Co. Limited AI Business Plan

Main Line Bearing Co. Limited Overview

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main line bearing co. limited Ownership

main line bearing co. limited directors

MAIN LINE BEARING CO. LIMITED financials

main line bearing co. limited company details

main line bearing co. limited Charges & Mortgages

main line bearing co. limited Companies House Filings - See Documents