Bright Steels Limited

Bright Steels Limited, based in North Yorkshire, UK, is a large, active company with a rich history spanning 105 years. Founded in 7919, the firm employs 70 people and boasts assets of £12,671,519 and yearly revenue of £21,067,816. With three directors and three owners, the company holds a respectable Google rating of 4.0 based on five reviews. It operates from a real address and specializes in the cold drawing of steel bars, importing and exporting iron and steel regularly.

The company's website paints a picture of a family-run business with a strong emphasis on quality and British craftsmanship. It's clear that Bright Steels isn's just a manufacturer; it’s a long-standing institution with a heritage stretching back over a century. The site details a range of products, from flat bars and squares to alloy rounds and special shapes, catering to diverse engineering applications. It even mentions an otter trademark, symbolizing the company’s independence and adaptability.

Financially, Bright Steels presents a mixed picture. While revenue remained stable, current assets decreased by 17% to £13,000,000, and net losses increased significantly. Bank borrowings rose by 130%, reaching £1,500,000, while cash reserves fell 44% to £670,000. Creditors also decreased by 44%, which could indicate improved debt management. The company’s large size (meeting two of three criteria for a large company) suggests it’s a significant player in its market, but the decline in assets and the increase in debt raise concerns. The audit firm, Farrar Smith Limited, performed the audit, giving some assurance of the figures.

Overall, Bright Steels Limited appears to be a well-established company facing some financial headwinds. Its long history, skilled workforce, and commitment to quality position it well for the future, but the recent financial trends warrant close monitoring.

Registered in England/Wales under the registration number 00159061, with a registered address at YO17 9BD, North Yorkshire, Norton Works, Malton.

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