Hambleton Steel Limited

Hambleton Steel Ltd, based in Richmond, UK, is a well-established, active company founded 29 years ago. This large company, holding company with 45 employees, boasts £12,296,534 in assets and generates £25,949,285 in yearly revenue. It has seven directors and one owner, and enjoys a perfect 5.0 Google rating based on two reviews. The company regularly imports machinery, boilers, and mechanical appliances, with its last import operation occurring in November 2024.

Hambleton Steel operates in the construction industry, specifically focusing on steel fabrication and erection. Their website highlights a full-service approach, from design and estimating to production and installation. They work closely with clients, positioning themselves as a collaborative partner throughout the project lifecycle. The company’s website showcases projects like the Rochdale Riverside retail project and the Derby Energy from Waste Facility, demonstrating their capabilities in large-scale construction. They even welcome the Prime Minister, Rishi Sunak, to their site for a factory tour.

Financially, Hambleton Steel’s recent performance presents a mixed picture. While turnover increased by a significant 92%, from £13 million to £26 million, the company’s equity has taken a hit. Net assets have dropped by 41%, settling at £4.1 million. Bank borrowings have increased by 1,000%, reaching £1.3 million, and cash reserves have fallen by 63%, leaving just £400,000. Creditors, however, have decreased by 10%, suggesting improved debt management. The company’s size (meeting two of three criteria for a large company) and the lack of an auditor (likely exempt due to size) means the figures are unaudited.

The sharp increase in bank borrowings, coupled with the decrease in cash reserves, suggests the company may be investing heavily in growth or facing increased operating expenses. The decrease in equity, while concerning, could be a result of strategic investments or revaluation of assets. The company's strong reputation and project portfolio, however, indicate a solid foundation for future success.

Registered in England/Wales under the registration number 03106954, with a registered address at DL10 7JH, Richmond, North Yorkshire, Gatherley Road, Brompton On Swale.

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