Ayrshire Steels Limited

Ayrshire Steels Ltd from Prestwick, UK, is a small, active company established 37 years ago in 1987. Employing seven people, the business holds £395,557 in assets and boasts a perfect 5.0 Google rating from twelve reviews. It operates from a real address and is managed by four directors, with Robert Baxter as the sole owner. The company is an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances—parts, with the last import operation occurring one month ago.

The company's website highlights Ayrshire Steels as one of Scotland’s remaining independent steel stockholders. Founded in 2010, the business provides structural steel beams, columns, and a range of other steel products, offering processing facilities including sawing, profiling, shearing, and plasma cutting. It also offers steel fabrication services, catering to diverse sectors like construction, wind turbine sites, and government projects. The website clearly positions the company as a reliable supplier of quality steel products.

Financially, Ayrshire Steels Ltd shows a mixed picture. Current assets decreased by 13% to £400,000, while net assets also fell by 13% to £260,000. Bank borrowings decreased by 13%, reaching £67,000, and cash reserves fell by 44% to £78,000. Trade debtors increased by 41%, suggesting a possible increase in sales, but also a potential risk of delayed payments. The company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The company’s decline in cash reserves and net assets could be attributed to increased investment in inventory or operational expenses, but it’s difficult to say for sure without more detailed information. The increase in trade debtors suggests that the company is selling more, but it needs to manage its receivables effectively. Overall, Ayrshire Steels Ltd appears to be a stable, albeit somewhat challenged, business operating in a competitive market.

Registered in Scotland under the registration number SC105331, with a registered address at KA9 2NS, Scotland, Prestwick, South Ayrshire, 35 Glenburn Road.

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