Haddon Special Steels Limited

Haddon Special Steels Ltd, based in Dronfield, UK, is a small, active company founded 32 years ago in 1993. With just one employee and £76,802 in assets, it’s a solo-founded operation led by a single director and owner, Paul Longmore. The company is an irregular importer of iron and steel, with just one month of import activity recorded back in 2022. It operates within the wholesale of metals and metal ores industries.

The company’s website is non-existent, so it’s hard to tell exactly what they do. It’s likely a B2B operation, supplying steel to other businesses rather than selling directly to consumers. Given the lack of an online presence, it’s probably reliant on established relationships and direct sales.

Financially, Haddon Special Steels Ltd’s report reveals some interesting trends. Cash bank on hand has skyrocketed by an incredible 8,800%, jumping from £860 to £76,000—a huge turnaround. However, net assets have fallen by 20%, dropping to £71,000. Trade debtors have also increased significantly, by 190%, reaching £820, which could be a sign of delayed payments from customers. Creditors have decreased by 43%, which is a positive sign of better debt management. The company meets the criteria to be considered a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The report indicates that the company is using IRIS Accounts Production software.

The company’s auditor is Landin Wilcock & Co. While the dramatic increase in cash reserves is encouraging, the decrease in net assets and the rise in trade debtors suggest the company might be facing some challenges. The sudden surge in cash could be from a single large payment, and it's important to see if this trend continues. The company’s long history and solo founder status give it stability, but the financial data suggests it’s navigating a period of change.

Registered in England/Wales under the registration number 02786894, with a registered address at S18 5YH, England, Dronfield, Derbyshire, 3 Stubley Close, Dronfield Woodhouse.

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