Kelvin Steels Limited

Kelvin Steels Ltd is a small, active company founded 25 years ago in 2000, based in Glasgow, UK. With 34 employees and £5,393,516 in assets, it's a well-established business holding a stellar 5.0 Google rating from one review. The company operates from a real address and is managed by two directors and one owner, Nugent Hamish Blair. It's a regular importer, specializing in iron and steel, with 44 months of import activity recorded, the last in November 2024.

The company's website, though minimal, reveals it’s a steel supplier operating within the manufacture of basic iron and steel and of ferro-alloys industries. It's a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. This allows for agility, but also presents challenges in scaling.

Financially, Kelvin Steels Ltd shows a mixed picture. Cash bank on hand dropped 39% to £1.3 million, while trade debtors surged 120% to £3.4 million, indicating potential issues with customer payments. Creditors also increased by 35% to £2.8 million, and accrued liabilities jumped a significant 170% to £1.6 million. On a positive note, net assets grew 7.8% to £2.2 million, and fixed assets remained stable. The company’s bank borrowings increased by 1200%, reaching £2.1 million. There is no auditor mentioned, so the figures are unaudited.

These trends suggest Kelvin Steels Ltd is facing increased pressure. The rise in debtors and creditors, coupled with the decline in cash reserves, could indicate a need for improved cash flow management. The company’s small size and strong Google rating suggest a loyal customer base, but the financial data reveals a need for careful monitoring and potential adjustments to its operations.

Registered in Scotland under the registration number SC205181, with a registered address at G46 8JT, Thornliebank Industrial Estate, Glasgow.

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