European Tubes Limited

European Tubes Ltd from Wigan, UK, is a large, holding company with an active status, having been founded 36 years ago in 1988. Employing 27 people, the company holds assets valued at £7,500,986 and operates from a real address. It’s managed by three directors and owned by one individual, boasting a Google rating of 3.0 based on seven reviews. The company regularly imports and exports iron or steel products, with 149 months of import activity and 30 months of export activity.

European Tubes Ltd specializes in the wholesale of metals and metal ores, particularly seamless steel tubes. The company’s website highlights a comprehensive range of hot finished and cold-drawn seamless tubes, catering to a nationwide customer base with delivery services and custom cutting options. They even offer packing solutions to suit offloading requirements. The business prides itself on being independent from mills, allowing them to source high-quality materials globally. With over 4000 tonnes of stock, they aim to provide the best selection of seamless steel tubes in the UK.

Financially, European Tubes Ltd shows some concerning trends. While turnover increased by 10% to £12 million, profits plummeted 40% to £1.5 million. Cash reserves took a significant hit, falling 30% to £340,000. Bank borrowings surged by 2,400%, reaching £29,000, and creditors decreased by 18%, suggesting better debt management. Average employee numbers increased by 15% to 31. The company’s large size (meeting two of three criteria for a large company) and lack of an auditor (likely exempt as a small company) mean the figures rely on unaudited statements.

Despite the concerning trends, European Tubes Ltd remains a key player in the steel tube supply chain, leveraging its experience and global sourcing capabilities. The company’s focus on customer service and a wide product range positions it well to navigate the challenges ahead.

Registered in England/Wales under the registration number 02276395, with a registered address at WN6 7LA, Wigan, Lancashire, Unit 9 Pagefield Industrial Estate, Miry Lane.

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