Edgen Murray Europe Limited

Edgen Murray Europe Ltd, based in London, UK, is a small holding company with an active status, having operated for 49 years. The company employs seven people and holds assets valued at £4,139,635. It’s led by two directors and owned by two individuals, with Sumitomo Corporation and Pipe Acquisition Ltd as significant shareholders. Edgen Murray regularly imports and exports iron or steel products, having imported for 31 months and exported for a substantial 247 months.

The company’s website paints a picture of a specialist supplier of steel pipe, valves, and fittings, catering to the energy and infrastructure market. It operates through a distribution network, offering procurement, value-added services, and delivery of high-performance components. Beyond simple distribution, Edgen Murray emphasizes technical expertise, quality assurance, and individualized customer service, adapting to ever-changing market demands. The website highlights its focus on oil, gas, civil construction, and mining sectors, and even includes a section on valve automation and modification.

Financially, Edgen Murray’s recent performance presents a mixed picture. While comprehensive income increased by a strong 89%, reaching £2.4 million, current assets have fallen by 11%, settling at £4.1 million. Cash bank holdings have also decreased by 24%, down to £830,000. A concerning trend is the dramatic increase in net assets liabilities, which have surged 430% to £2.9 million, likely due to provisions. Trade debtors have also seen a significant drop, suggesting potential difficulties in collecting payments. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the equity decline warrants closer attention. The accounts are unaudited, and no auditor is mentioned.

Overall, Edgen Murray appears to be navigating a period of change, with increased profitability offset by challenges in asset management and equity. The company's long-standing relationships and customer-centric approach, however, suggest a resilience that could help it weather these pressures.

Registered in England/Wales under the registration number 01241058, with a registered address at EC4V 3BJ, England, London, Vintners Place, Upper Thames Street.

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