Cannon Steels Limited

Cannon Steels Ltd, a small, family-run business active for 39 years, operates from a virtual address in London and employs 37 people. With assets totaling £1,431,865, the company, led by six directors and two owners, has a 5.0 Google rating based on 15 reviews, indicating a strong reputation. It runs an e-commerce site and specializes in importing machinery, boilers, and mechanical appliances – though its import activity is irregular, with the last operation recorded one month ago in November 2022.

The company's website showcases a wide range of steel products and fabrication services, catering to construction and industrial clients. It offers everything from steel reinforcement and mesh to bespoke fabrication and CAD design, with a focus on quick delivery and competitive pricing. A partnership with "Buy A Beam" further expands its online presence, offering a one-stop shop for steel products.

Financially, Cannon Steels Ltd presents a mixed picture. Current assets have decreased by 37% to £1,400,000, while net assets have fallen 12% to £2,100,000. Bank borrowings have increased by 7.9% to £74,000, and cash reserves have dropped significantly by 52% to £570,000. Creditors have also decreased by 34%, suggesting improved debt management. The company’s small size—meeting two of three criteria for being considered small—helps it remain flexible, but the decrease in equity raises questions about its financial health. The company is exempt from an audit, so the figures are unaudited.

While Cannon Steels Ltd appears to be a well-regarded supplier of steel products, the financial data suggests it may be facing some pressures. The company's continued success will likely depend on maintaining its strong customer relationships and managing its finances carefully.

Registered in England/Wales under the registration number 01965173, with a registered address at EC1V 1LJ, 335 City Road, London.

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