Highland Metals Limited

Highland Metals Limited is a large, active company based in Moray, UK, founded 48 years ago in 1976. With £8,171,192 in assets and employing 36 people, it operates as a holding company and is a irregular importer of machinery, boilers, and mechanical appliances; parts. The company has six directors and one owner, and its real address is registered at IV30 6FG, Moray, Pinefield Industrial Estate, Elgin.

The company is involved in other specialised construction activities, and it owns Highland Colour Coaters Limited and Highland Galvanizers Limited. Its top import category is Machinery, boilers, and mechanical appliances; parts, with one month of imports recorded, the last operation taking place on August 01, 2024.

Financially, Highland Metals Limited shows some concerning trends. While current assets increased by 30% to £8,200,000, net assets grew by a more substantial 23% to £12,000,000. However, bank borrowings surged by a significant 8.6%, reaching £1,200,000, and cash reserves fell 25% to £3,600,000. Creditors decreased by a modest 8.9%, suggesting a slight improvement in debt management. The company’s size (meeting two of three criteria for a large company) and the lack of an auditor mentioned (likely exempt) mean the figures are unaudited.

The company's substantial losses deepened from -£950,000 to -£1,700,000, and the increase in administrative expenses by 32% is a worrying sign. The substantial increase in director remuneration benefits by 60% may also be a cause for concern. It's possible the company is investing heavily in expansion or facing increased costs, but these trends suggest a need for careful financial management.

Registered in Scotland under the registration number SC061436, with a registered address at IV30 6FG, Moray, Pinefield Industrial Estate, Elgin.

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