Amg Resources Limited

AMG Resources Ltd, based in Llanelli, UK, is a large, active company established 44 years ago in 1980. With 18 employees and £9,110,502 in assets, it generates £20,227,395 in yearly revenue. The company, boasting a perfect 5.0 Google rating from 7 reviews, operates from a real address and is overseen by three directors and one owner. It’s known for irregular imports of aluminum and aluminum products (last in 2023) and exports of iron and steel (last in 2025).

AMG Resources is a global supplier of recycled metals and prime steel products. Its website highlights its expertise in processing and marketing ferrous and non-ferrous scrap, catering to customers seeking competitive pricing and solutions. The company’s operations extend beyond scrap processing, with a significant presence in piano restoration and sales through its 1066 Pianos division, operating from Cambridge and even having a showroom in Harrods.

Looking at the financial data, AMG Resources shows some concerning trends. Accrued liabilities decreased by 34%, while depreciation on plant and machinery dropped by 26%. Administrative expenses increased by 15%, and bank overdrafts vanished completely – a positive sign. However, cash bank on hand fell by 30%, and net assets decreased by 7%. The company’s turnover declined slightly, but operating profit increased by 37%. It's worth noting that the company’s debts to trade creditors increased by 35%, which may indicate a need for more efficient cash flow management. The lack of a named auditor suggests the company is exempt from a full audit, relying on unaudited financial statements.

Overall, AMG Resources appears to be navigating a complex business landscape. While its global reach and diverse operations provide strength, the declining cash reserves and increasing debts warrant careful monitoring. The company’s ability to leverage its various divisions—scrap processing, piano restoration, and steel supply—will be key to its future success.

Registered in England/Wales under the registration number 01516685, with a registered address at SA15 2HD, Llanelli, Dyfed, Amg Resources Limited, Nevills Dock.

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