Asmet (uk) Limited

Asmet Uk Ltd from Dronfield UK: a large company, holding company, active status, founded 31 years ago, employing nine people, holding £15,145,998 in assets, and generating £17,005,064 in yearly revenue. It has a real address, three directors, and one owner. The company regularly imports and exports iron and steel – 211 months of imports and 62 months of exports recorded.

The company operates in the wholesale of metals and metal ores industries. It’s a large company, having met two out of three criteria: turnover exceeding £36 million, balance sheet total surpassing £18 million, and employing more than 250 people. The company is a holding company and has an active status.

The company’s website details its focus on the wholesale of metals and metal ores, and it’s clear that Asmet Uk Ltd is a supplier to the iron, steel, and aluminium industries. The site highlights a range of services, including procurement, production, logistics management, and the supply of metallurgical consumables and specialist products. It’s a well-presented site, suggesting a professional operation.

Financially, Asmet Uk Ltd shows some concerning trends. While revenue remained stable, current assets decreased by a significant 25% to £15 million. Bank borrowings increased by 150%, reaching £1.2 million, and cash reserves fell 42% to £960,000. Creditors decreased by 22%, which is a positive sign. The company’s net assets also declined by 9.4% to £15 million. The lack of an auditor mentioned suggests that the company is exempt from a full audit, relying on unaudited statements.

The increase in bank borrowings and the decrease in cash reserves could indicate that the company is investing in growth or facing increased operational expenses. The decrease in current assets suggests a potential slowdown in sales or increased inventory levels. However, the decrease in creditors suggests that the company is managing its short-term debt obligations effectively. Overall, Asmet Uk Ltd appears to be navigating a period of financial adjustment, but its large size and established presence in the industry should provide a degree of resilience.

Registered in England/Wales under the registration number 02849713, with a registered address at S18 2HU, Dronfield, Sheffield, Jubilee House, Sheffield Road.

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