Benfleet Scrap Co Limited

Benfleet Scrap Co Limited, based in Chatham, UK, is a holding company with an active status, celebrating 30 years in business. Employing 98 people and boasting assets of £12,963,269, the company operates from a virtual address – a point to note as 189 companies are registered at the same location. It’s led by three directors and owned by Leeman Richard Brian, the solo founder. The company holds a stellar 5.0 Google rating from 29 reviews. Benfleet Scrap Co Limited irregularly imports machinery, boilers, and mechanical appliances, parts, with the last import operation occurring in March 2023. Conversely, it regularly exports aluminum and aluminum products, with the last export operation taking place in October 2024.

The company's core business involves wholesale of waste and scrap industries. While no website is available, the financial data paints a complex picture. Accrued liabilities remained steady at £1.5 million, but impairments to plant and machinery increased significantly, rising by 17% to £2 million. Cash reserves grew by 4.4% to £7.5 million, a positive sign, but comprehensive income declined sharply, dropping by 130% to -£480,000. Debtors decreased by 27%, suggesting improved collection, and creditors also fell, by 11%, indicating better management of short-term obligations.

The company’s net assets, however, decreased by 3.4% to £13 million, and bank borrowings surged by 15%, reaching £2.1 million. This suggests a reliance on external financing. The lack of a reported auditor is likely due to the company’s size and exemption from mandatory audits. Despite these financial fluctuations, the company's long-standing presence and strong Google rating suggest resilience. The increase in bank borrowings, however, warrants close monitoring.

Registered in England/Wales under the registration number 03031502, with a registered address at ME4 4TZ, England, Chatham, Kent, Second Floor South The Fitted Rigging House, Anchor Wharf, The Historic Dockyard.

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