Group 1 Steel Ltd

Group 1 Steel Ltd from Goole UK: a small, active company founded six years ago, employs four people, and holds £8,022,723 in assets. It’s a family business with two directors and two owners, operating from a real address. The company regularly imports and exports iron and steel – 89 months of imports and 9 months of exports. It's a regular importer and exporter of iron and steel.

Group 1 Steel Ltd operates as a leading UK supplier of high-quality steel sheet and plates, boasting over 30 years of experience. They offer first-tier mill products, innovative purchasing relationships, and specialise in structural coil, sheet plates, and various steel grades. Situated near the Humber estuary, their location provides a unique advantage, enabling efficient logistics and competitive pricing. The company’s website highlights its commitment to quality, profiling and bending services, and even offers bespoke mill rollings. They also provide logistics and have a showroom in Harrods.

Financially, Group 1 Steel Ltd presents a mixed picture. While cash bank on hand has impressively increased by 160% to £950,000, the company’s average number of employees has decreased significantly, dropping 75% to just one person. Creditors have decreased by 18% to £3.7 million, suggesting better debt management. However, trade debtors have fallen by 22% to £4 million, which could indicate slower customer payments. The company’s net current assets liabilities have increased by 9.3% to £4.4 million. The company’s property, plant and equipment has increased by 14% to £3,000. The company is not audited.

Overall, Group 1 Steel Ltd seems to be navigating a period of change, with a strong cash position offset by a reduction in staff and some concerning trends in receivables. It’s likely that the company is adjusting its operations to maintain profitability, but the impact on long-term growth remains to be seen.

Registered in England/Wales under the registration number 11673570, with a registered address at DN14 5YP, England, Goole, Gas Works, Doyle Street.

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