Chase Alloys Limited

Chase Alloys Ltd, based in Cannock, UK, is a small, holding company with an active status. Established 34 years ago in 1990, the company employs 14 people and holds £3,104,542 in assets. With three directors and five owners (though this list may not be exhaustive), it operates from a real address and has been importing and exporting iron and steel for a considerable time – 132 months of imports and 9 months of exports.

The company’s website showcases a diverse range of metals and alloys, including stainless steel, nickel alloys, aluminium, and more. It’s not a typical e-commerce site; instead, it functions as a specialist supplier, offering services like bar sawing, profiling cutting, bar processing, and materials testing. They even provide a UK delivery service and stock over 500 tonnes of metals across multiple warehouses. The website gives the impression of a business focused on B2B relationships rather than direct consumer sales.

Financially, Chase Alloys Ltd shows some concerning trends. Current assets have decreased by 14%, dropping to £3,100,000, while bank borrowings have decreased by 9.1% to £440,000. Cash reserves have increased significantly, rising 75% to £960,000, which is a positive sign. However, trade debtors have fallen by 27%, suggesting potential issues with collecting payments. The company meets the criteria for a small business, with turnover under £10.2 million and assets under £5.1 million. There’s no mention of an auditor, which is common for companies of this size.

Overall, Chase Alloys Ltd appears to be navigating a period of change. The increase in cash reserves is encouraging, but the decrease in current assets and trade debtors warrants closer attention. The company’s focus on specialized metal services and its B2B model seem to be core to its operations, and it will be interesting to see how these factors influence its financial performance going forward.

Registered in England/Wales under the registration number 02509180, with a registered address at WS12 4TR, Cannock, Staffordshire, Littleton Business Park, Littleton Drive.

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