Drywall Steel Sections Limited

Drywall Steel Sections Ltd, based in Ettingshall, UK, is a small, holding company with an active status. Founded 23 years ago in 2001, the company employs 25 people and holds assets valued at £2,546,098. With three directors and one owner, it operates from a real address and regularly imports machinery, boilers, and mechanical appliances—parts, with the latest import in September 2024. It also exports these items, though less frequently, with the last export recorded in September 2023.

The company's website reveals a focus on cold-rolled steel products and systems for partitions, ceilings, wall linings, and light-gauge structural steel framing. It offers a wide range of products, including drywall ceiling systems, structural light steel framing, mezzanine roof purlins, and bespoke pressed sections. It caters to both commercial and industrial clients, with a focus on high-quality European standards and ongoing research and development. The site also highlights its ability to offer quick turnaround times for flashings and pressed sections.

Financially, Drywall Steel Sections Ltd shows some concerning trends. While cash reserves increased by 39% to £1,000,000, current assets dropped by 10% to £2,500,000. Trade debtors have decreased significantly by 23%, suggesting a potential issue with customer payments, and creditors have also decreased. Bank borrowings increased by 150%, reaching £970,000, which could indicate a need for additional financing. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in borrowings and decrease in current assets warrants closer attention. The accounts are unaudited, likely due to the company's small size, and no auditor is mentioned. Overall, Drywall Steel Sections Ltd appears to be a stable operation, but the recent financial trends suggest it might be facing some challenges.

Registered in England/Wales under the registration number 04316148, with a registered address at WV4 6JX, United Kingdom, Ettingshall, Wolverhampton, The Framing Building, Spring Road.

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