City Metals Recycling Ltd

City Metals Recycling Ltd from Barking UK: a medium-sized company with an active status, was founded thirteen years ago in 2011. It employs thirty-one people and boasts assets of £6,084,757, generating a yearly revenue of £53,733,112. The company, with two directors and one owner (a solo founder), operates from a real address and regularly imports and exports aluminum and aluminum products—six months of imports and 116 months of exports.

The company’s website paints a picture of a scrap metal yard conveniently located in London, established in 2000. It prides itself on experience, reliability, and trust, offering recycling services for ferrous and non-ferrous metals. A key feature is its use of Bread4Scrap for payments, issuing prepaid Mastercard cards to customers after identity verification—a response to new Home Office guidelines. The site also highlights its logistics capabilities, offering collection and delivery services via various vehicle types, and provides access to essential documents like waste carrier licenses.

Financially, City Metals Recycling Ltd presents a mixed bag. While turnover remains substantial at £54 million, net assets have decreased by 12% to £6.1 million. Bank borrowings have also increased by 10%, reaching £10,000. However, cash reserves have improved by 18% to £44,000. Creditors have decreased by 13%, suggesting improved debt management. The company’s medium size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and fewer than 250 employees) allows for agility, but the decrease in net assets warrants attention. No auditor is mentioned, likely due to the company’s size, so the figures rely on unaudited statements.

Overall, City Metals Recycling Ltd appears to be a stable, active business navigating the challenges of a competitive market. The company’s focus on customer service, efficient logistics, and compliance with regulations positions it well for continued success, though the decrease in net assets should be monitored closely.

Registered in England/Wales under the registration number 07719785, with a registered address at IG11 0HN, England, Barking, 23 Thames Road.

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