Cronimet Great Britain Limited

Cronimet Great Britain Ltd, based in Cannock, UK, is a sizable company with a strong presence in the metals industry. Founded forty years ago in 1985, the company employs thirty people and boasts assets totaling £15,888,427. As a holding company with an active status, it operates from a real address and is overseen by five directors and one owner. Its Google rating stands at a perfect 5.0 based on six reviews, reflecting a positive reputation. The company regularly imports iron and steel (for seventy-one months) and exports various base metals and cermets (for thirty-six months).

The company’s website paints a picture of a specialist in stainless steel scrap metal processing and resale. Part of the worldwide Cronimet group, it positions itself as one of only three major merchants in the UK selling stainless steel directly to mills for recycling. It operates from two sites—Cannock in Staffordshire and Rotherham in South Yorkshire—and offers services including metal analysis, transport, and even calls out its ability to beat competitors' prices. The website also highlights the company's ability to source materials globally through its network of subsidiaries.

Financially, Cronimet Great Britain Ltd presents a mixed picture. While the company’s revenue remained steady, net assets decreased by 10%, reaching -£130,000. Bank borrowings increased by 38%, reaching £1,700,000, and cash reserves fell 30% to £12,000. Creditors also increased by 3.6%, reaching £18,000,000. Despite these challenges, the company’s assets remained substantial, and it continues to operate actively in the metals market. The decrease in equity could be attributed to investments in operations or changes in accounting practices. The company’s auditor, BK Plus Audit Limited, has signed off on the accounts. The company’s size (meeting two of three criteria for a large company) suggests it’s well-established, but the declining equity warrants further observation.

Registered in England/Wales under the registration number 01883322, with a registered address at WS12 0PL, England, Cannock, Unit 22 Cannock Wood Industrial Estate, Cannock Wood Street.

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