Engmal Stainless Limited

Engmal Stainless Ltd, based in Birmingham, UK, is a small, active company founded six years ago. With just six employees and £3,837,405 in assets, it operates from a virtual address – a point to note as 402 companies are registered at the same location. Morris Philip is both the director and owner, acting as the solo founder of this enterprise. The company enjoys a stellar 5.0-star Google rating based on a single review, a testament to its customer service. It’s a regular importer, bringing in iron and steel for 118 months, with the most recent import occurring in November 2024.

The company’s website, while not providing extensive details, indicates a focus on wholesale metals and metal ores. It appears to be primarily a business-to-business operation, rather than an e-commerce site directly targeting consumers. It's likely Engmal Stainless Ltd supplies metals to other businesses, potentially manufacturers or fabricators.

Financially, Engmal Stainless Ltd presents a mixed picture. While current assets dropped by 11% to £3.8 million, cash reserves experienced a more significant decline, plummeting 37% to just £200,000. Creditors have increased substantially, rising by 2900% to £2.3 million within a year, which could indicate a reliance on short-term financing or a build-up of trade payables. Equity, however, has taken a severe hit, falling by 1300% to -£1.4 million – a worrying trend. Trade debtors have remained relatively stable. The company's small size (meeting two of three criteria for a small company) allows for agility, but the substantial equity loss and increased creditors raise concerns about its financial health. The absence of an auditor mentioned suggests the company is exempt from an audit as a small entity. The accountants report notes that the accounts have been prepared in compliance with Section 1A of FRS 102, and that the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Registered in England/Wales under the registration number 11784126, with a registered address at B30 3JN, United Kingdom, Birmingham, West Midlands, Lifford Hall Lifford Lane, Kings Norton.

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