Davro Steel Limited

Davro Steel Ltd from Halesowen UK: a large company, holding company, active status, founded 75 years ago, employing 32 people, boasting £29,693,276 in assets, and operating from a real address. With six directors and two owners, the company, founded by a solo entrepreneur, holds a stellar 5.0 Google rating based on three reviews. It’s a regular importer and exporter of iron and steel, with 85 months of import activity and 18 months of export activity.

Davro Steel is a leading steel stockholder, supplying quality steel strip and sheet products to various markets including construction, automotive, and white goods. The company works to a Quality Management Assurance System approved to ISO 90012005 and holds certifications for environmental and health & safety management. It operates a purpose-built steel processing centre in the West Midlands and offers services like hot rolling, galvanizing, and cold reducing.

The company’s website highlights its commitment to quality and customer service. It's clear that Davro Steel operates primarily as a B2B supplier, focusing on processing and distribution rather than direct consumer sales. They’re not an e-commerce business, instead relying on direct contact and likely custom orders.

Financially, Davro Steel’s recent performance shows some concerning trends. Accrued liabilities decreased significantly, but the company’s bank cash fell by 22%. While staff costs increased dramatically, reflecting a potential investment in personnel, net losses deepened, and cash reserves dwindled. Borrowings increased, suggesting a need for additional financing. Despite these challenges, the company’s assets remain substantial, and creditors decreased, indicating improved debt management. The company’s large size (meeting two of three criteria for a large company) and the absence of an auditor (likely exempt as a small company) mean the figures are unaudited.

Overall, Davro Steel Ltd appears to be a well-established company facing some financial pressures. The company's long history and strong market position provide a solid foundation, but it will need to address the recent decline in profitability to ensure its long-term success.

Registered in England/Wales under the registration number 00471310, with a registered address at B63 2RR, Halesowen, West Midlands, Unit 9, Hayes Trading Estate, Hingley Road.

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