City Special Metals Ltd

City Special Metals Ltd, based in Maldon, UK, is a small, active company founded 23 years ago in 2001. With 11 employees and £7,256,833 in assets, it operates from a virtual address—a point of note as 68 companies are registered at the same location. The company is led by three directors, although no individual owners are currently listed. It’s a regular importer and exporter of iron and steel, with 86 months of import activity and a substantial 308 months of export activity recorded.

The company’s website highlights its specialization in low-controlled expansion alloys, including Kovar, Invar, and Super Invar, catering to sectors like aerospace, defence, and oil & gas. It offers a range of services, including cutting, profiling, and machining alloys to specification, and has a large UK stock inventory. The website also features a "Get A Quote" and "Ask A Question" function, suggesting a direct sales model.

Financially, City Special Metals Ltd shows a mixed picture. Cash bank on hand increased by 12% to £2,300,000, while current assets rose by 15% to £7,300,000. However, creditors increased by 17% to £960,000, and trade debtors remained steady at £1,200,000. Net assets grew by 15% to £6,300,000, a positive sign, but other creditors increased by 24% to £270,000. The company meets the criteria for being a small company, with a turnover under £10.2 million and fewer than 50 employees. The lack of a named auditor, typical for small companies, means the financial statements are unaudited.

The company's growth in cash and assets suggests a healthy core business, but the increase in creditors warrants monitoring. The virtual address raises questions about operational efficiency, and the absence of listed owners could indicate a closely held structure. Overall, City Special Metals Ltd appears to be a stable, albeit small, player in the metals supply chain, with a focus on specialized alloys and bespoke services.

Registered in England/Wales under the registration number 04276827, with a registered address at CM9 6FF, England, Maldon, Essex, Arlington House West Station Business Park, Spital Road.

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