Marcegaglia Stainless Sheffield Ltd

Marcegaglia Stainless Sheffield Ltd, based in Sheffield, UK, is a large, active company founded three years ago. With 395 employees and substantial assets of £198,378,000, the company generated a revenue of £746,772,000 in its last reported year. It’s a family business led by six directors and two owners, with a solid 4.0 Google rating from 20 reviews. The company regularly imports and exports iron and steel, with 60 months of import activity and 63 months of export activity recorded.

The company operates within the manufacture of basic iron and steel and of ferro-alloys industries. It's a sizable operation, meeting two of three conditions to be classified as large: turnover exceeding £36 million, a balance sheet total over £18 million, and an average of more than 250 employees. The company's website is non-existent, which means it’s unlikely to be an e-commerce business.

Looking at the financial data, the company’s financial health is a bit of a mixed bag. While the company's assets are substantial, there's a significant increase in accrued liabilities deferred income, jumping from zero to £16,000,000. Depreciation expenses for property, plant, and equipment increased, and administrative expenses ballooned to £12,000,000. However, cash bank on hand increased to £4,400,000. The company's net assets are £69,000,000, and it’s holding £46,000,000 in trade debtors. It seems the company is managing its debts, but the increase in liabilities suggests it may be burning through cash to maintain operations.

The company’s auditors are Forvis Mazars LLP, and the accounts were signed on August 29, 2024. The company's growth strategy, supported by capital investments, appears to be working, but the financial data suggests a need for careful monitoring of expenses and cash flow.

Registered in England/Wales under the registration number 13909552, with a registered address at S9 1TZ, England, Sheffield, United Kingdom, Yorkon Building, Europa Link.

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