Gr Steel Ltd

Gr Steel Ltd from Brighouse UK: a small, active company founded four years ago, employs three people, and holds £96,414 in assets. It's a family business with three directors and owners, operating from a real address and regularly importing iron and steel—seven months of imports were recorded, with the most recent in August 2023. The company’s activities are focused on the wholesale of metals and metal ores.

The business appears to operate primarily through its registered address, though a website is not currently available. This suggests a more traditional, B2B wholesale model rather than direct-to-consumer sales. The limited number of employees and assets indicates a small-scale operation, meeting two of three criteria to be classified as a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 30 employees.

Financially, Gr Steel Ltd’s recent performance shows some concerning trends. Current assets have fallen by 34%, dropping to £96,000, while net assets have decreased by 46%, settling at -£22,000. Cash bank on hand, however, has increased by 52% to £5,500. Trade debtors have plummeted 75%, suggesting improved collections or a shift in sales strategy, while creditors have fallen by 42%. Taxations and social security payable have risen dramatically, increasing by 620%. The company’s bank borrowings have decreased by 49%, and the company’s equity has dropped significantly.

The lack of an auditor is not surprising, given the company’s small size and exemption status. While the decrease in current assets and negative equity are worrying, the increase in cash and decrease in debtors could indicate a period of improved cash flow management. It’s possible the company is navigating a challenging market or has made investments that haven’t yet yielded returns. The company’s family ownership structure may provide stability, but the financial data suggests it’s operating on a tight margin and needs to carefully manage its expenses.

Registered in England/Wales under the registration number 12917633, with a registered address at HD6 4AH, England, Brighouse, West Yorkshire, Unit 2 Thornhills Beck Lane.

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