Hi-tech Special Steels Limited.

Hi Tech Special Steels Ltd, based in Sheffield, UK, is a small, holding company with an active status. Founded 39 years ago in 1985, it employs 15 people and holds assets of £2,603,050. The company has a real address and is managed by three directors and one owner. It regularly imports and exports iron and steel—15 months of imports and 14 months of exports recorded.

The company operates in the manufacture of other fabricated metal products, a fairly niche industry. While a website isn't available to analyze, the business likely serves industrial clients with specialized steel needs. It's a holding company, suggesting it might own other businesses or investments related to the steel industry.

Financially, Hi Tech Special Steels Ltd shows a mixed picture. Cash reserves increased significantly by 110%, reaching £1.7 million—a positive sign. However, net losses deepened to £380,000, a substantial increase from the previous year’s £88,000. Creditors rose by 8.9%, reaching £2.2 million, and trade debtors increased by 11% to £680,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increased losses are concerning. Bank borrowings remained constant, and dividends paid were consistent. The company is exempt from an audit, so the financial statements are unaudited.

The increase in cash reserves could be from a one-off sale or investment, but the rising losses suggest the company is burning through money. The increase in debtors might indicate slower payments from customers, or perhaps an expansion of credit terms. It's likely that the company is facing increased costs or competitive pressures—though without more information, it's hard to say for sure.

Registered in England/Wales under the registration number 01921116, with a registered address at S25 3RF, Sheffield, South Yorkshire, Rotherham Road, Laughton Common Dinnington.

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