Eggleston Steel Limited

Eggleston Steel Ltd, a family business based in Derby, UK, has been a fixture in the steel industry for 61 years. Active since its founding in 1964, the company employs 52 people and boasts assets of £3,724,462, generating an annual revenue of £10,691,339. With eight directors and three owners, the company operates from a real address at Centurion Way Business Park, and has a Google rating of 3.0 based on 10 reviews. It’s a regular importer of iron and steel, with 17 months of import activity recorded, the latest in September 2024.

The company’s website showcases a wide range of ferrous and non-ferrous metals, from mild steel to specialist alloys, catering to various industrial needs. It’s not an e-commerce site, but rather a catalogue of products and services, including steel processing, cutting, and fabrication. The website also highlights its video production capabilities and a history of serving customers throughout the UK.

Financially, Eggleston Steel Ltd presents a mixed picture. While turnover remained relatively stable at £11 million, net assets declined by 13% to £3.7 million. Bank borrowings increased by 100%, reaching £36,000, and cash reserves decreased by 56% to £880,000. Creditors also decreased by 1.1%, suggesting improved debt management. The company meets two of three criteria to be considered a large company, and its unaudited accounts are reviewed by Bates Weston Audit Ltd.

The rise in bank borrowings and the drop in cash reserves could indicate increased investment in inventory or equipment, or perhaps a period of slower sales. The company’s long history and family ownership suggest a stable foundation, but the financial trends warrant careful monitoring.

Registered in England/Wales under the registration number 00797154, with a registered address at DE21 4AY, England, Derby, Centurion Way Business Park, Alfreton Road.

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