Cutler & Woolf (steel) Limited

Cutler & Woolf Steel Ltd, based in Letchworth Garden City, UK, is a small, holding company with an active status. Founded 54 years ago in 1970, the company employs 10 people and holds £1,442,537 in assets. It operates from a virtual address, with 35 other companies registered at the same location, and is managed by one director and two owners. The company has a Google rating of 4.0 based on seven reviews and runs an e-commerce site.

The company primarily imports iron and steel, though it’s an irregular importer, with only two months of imports recorded in the last two years. It operates in the agents involved in the sale of fuels, ores, metals and industrial chemicals industries.

According to financial data, the company’s net assets have declined by 12% to £820,000, while current assets have fallen by 36% to £1,400,000. Bank borrowings have increased by 63%, reaching £31,000, and cash reserves have decreased by 70% to £14,000. Trade debtors have also dropped by 45%, suggesting difficulties in collecting payments. Despite these challenges, creditors have fallen by 50%, which could indicate improved debt management. The company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s financial statements are unaudited, and no auditor or audit firm is mentioned. The decrease in cash reserves and increase in borrowings suggest the company is burning through money, though the drop in creditors is a positive sign. The virtual address and the fluctuating import activity point to a lean operation, but the company's long history and e-commerce presence suggest a resilient business model.

Registered in England/Wales under the registration number 00985842, with a registered address at SG6 2TU, Letchworth Garden City, Hertfordshire, Unit 1b Focus 4, Fourth Avenue.

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