A.j.n. Steelstock Ltd.

Ajn Steelstock Ltd, based in Newmarket, UK, is a large, active family business established 64 years ago. With 428 employees and a substantial £56,659,640 in assets, the company generated £174,623,822 in revenue last year. It operates from two sites in Suffolk and Somerset, employing around 400 staff and boasting a fleet of 70 vehicles. The business is run by nine directors and two owners, and regularly imports iron and steel – 269 months worth.

The company’s website highlights its position as one of the largest steel stockholders in the UK, offering a comprehensive range of processing and finishing services, from sawing and shotblasting to CNC drilling and laser cutting. They cater to a diverse range of sectors and boast a large inventory, holding close to 35,000 tonnes of steel between their two sites. The website also details vacancies, particularly for HGV drivers and machine operators, emphasizing an award-winning reputation within the industry.

Financially, Ajn Steelstock Ltd shows a mixed picture. While turnover remained strong at £174,623,822, net assets decreased by 27% to £43,000,000. Bank borrowings increased by 200% to £11,000,000, and cash reserves fell by 42% to £26,000,000. Creditors, however, decreased by 37%, suggesting improved debt management. The company meets the criteria for a large company, having turnover more than £36 million, balance sheet more than £18 million, and more than 250 employees. The accounts were audited by Price Bailey LLP.

The decrease in cash reserves and increase in bank borrowings could indicate increased investment in processing equipment or expansion of operations. The company's continued focus on processing and finishing services, combined with its large inventory and nationwide delivery service, suggests a resilient business model, even as it navigates changing market conditions.

Registered in England/Wales under the registration number 00689647, with a registered address at CB8 7QT, Newmarket, Suffolk, Icknield Way, Kentford.

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