Hornsey Steel Panels And Sections Ltd

Hornsey Steel Panels And Sections Ltd, based in Bucknell, UK, is a small, holding company with an active status. Established seventeen years ago in 2007, it employs fifteen people and holds £5,198,887 in assets. The company operates from a real address and is overseen by four directors and a single owner. It runs an e-commerce site and enjoys a stellar 5.0 Google rating from forty-seven reviews. The firm regularly imports machinery, boilers, and mechanical appliances, with parts imported for the last three months.

The company specializes in manufacturing other fabricated metal products, catering to the construction and industrial sectors. Its website showcases a wide range of roofing sheets, flashings, fixings, and accessories, all customisable to suit specific project requirements. The site emphasizes quality steel roofing, a choice of finishes, and a commitment to British craftsmanship. It also features a section on composite panels and rooflights, supplied from leading manufacturers like Kingspan and SIG. The website also has a section for bespoke products.

Financially, Hornsey Steel Panels And Sections Ltd presents a mixed picture. While cash reserves increased by 10%, rising to £670,000, bank borrowings jumped significantly by 150%, reaching £410,000. Creditors also increased by 21%, totaling £3.2 million. Trade debtors have also ballooned by 79%, suggesting a reliance on customer payments. Net assets increased by 2.6%, reaching £3.2 million. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increased debt levels warrant attention. The company is exempt from an audit, so the figures are unaudited.

The increase in debt, combined with the rise in trade debtors, suggests the company may be experiencing cash flow challenges, although it's possible this is due to increased sales and expanded credit terms. The strong Google rating and focus on customisation indicate a commitment to customer satisfaction, which could help mitigate these financial pressures.

Registered in England/Wales under the registration number 06291639, with a registered address at SY7 0EL, England, Bucknell, The Old Coal Yard, Station Road.

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