Market Metals Limited

Market Metals Ltd from Letchworth UK: a small company with an active status, was founded 52 years ago in 1972. It employs six people and holds £938,527 in assets. With two directors and a single owner – the solo founder – the company operates from a real address and is a regular importer and exporter of aluminum and aluminum products. It’s been importing for 74 months (latest in March 2025) and exporting for 61 months (also March 2025).

The company’s core business involves the wholesale of metals and metal ores, with a particular focus on aluminum. It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company’s website is currently unavailable, so it’s difficult to assess its online presence or e-commerce activities.

A review of the company’s financial data reveals a mixed picture. While current assets increased by 29% to £940,000, net assets rose by a significant 45% to £790,000. Bank borrowings decreased by 30% to £180,000, and cash reserves grew by 32% to £51,000. However, trade debtors increased by 57% to £450,000, suggesting potential issues with customer payments. Creditors decreased by 5.3% to £350,000. The company’s property, plant, and equipment gross cost increased by 3.3% to £630,000, while depreciation charges remained consistent. The company is exempt from an audit due to its size.

The financial trends suggest that Market Metals Ltd is experiencing growth, but it’s also managing increased debt. The rise in trade debtors could be a temporary blip or a sign of more significant challenges. The company's long history and consistent import/export activity indicate a stable business model, but it’s important to monitor its financial performance closely.

Registered in England/Wales under the registration number 01060384, with a registered address at SG6 1SP, England, Letchworth, Unit 22a Jubilee Trade Centre, Jubilee Road.

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