Jacob Metals Limited

Jacob Metals Limited, based in London, UK, is a small, active company established 21 years ago. With just two employees and £1,076,617 in assets, it’s a modest operation overseen by two directors, although no owners are officially listed. The company enjoys a stellar 5.0-star Google rating from two reviews, reflecting positive customer experiences. Jacob Metals is a regular importer, specializing in copper and copper products, with 37 months of import activity recorded, the last in August 2021.

The company’s website reveals a much larger history, tracing its roots back to 1955. Jacob Metals operates as a global metal trading house, sourcing ferrous and non-ferrous metal scraps and residues. It maintains overseas offices in South America, West Africa, and Eastern Europe. Notably, the company played a vital role in supplying metal for the "Horses of Helios" monument in Piccadilly Circus, London. The website also highlights its expertise in metal recycling and its commitment to reliable and efficient services.

Financially, Jacob Metals presents a mixed picture. While bank borrowings decreased significantly by 59%, cash reserves dropped by 45% to £58,000. Creditors also saw a substantial decline, falling 56% to £460,000, suggesting improved debt management. However, debtors decreased by 34%, potentially indicating slower customer payments. The company meets two of the three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests it’s exempt from an audit as a small company.

Overall, Jacob Metals appears to be navigating a period of change. While its global trading network and reputation for reliability are strengths, the decrease in cash reserves warrants attention. The company's long history and established presence in the metal trading industry, however, provide a solid foundation for future growth.

Registered in England/Wales under the registration number 04956851, with a registered address at N1 7SL, United Kingdom, London, Unit 14 7 Wenlock Road.

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