Metal Supermarkets Uk Limited

Metal Supermarkets Uk Limited, based in Leicester, UK, is a small, active company founded 29 years ago. Employing 40 people and boasting assets of £1,809,795, it operates from a real address and is overseen by four directors and a single owner. The company runs an e-commerce site and irregularly imports furniture, lighting, and prefabricated buildings—just two months of imports were recorded, the last in June 2023.

The business primarily engages in the retail sale of metal products, catering to a diverse range of industries. Its website showcases a wide selection of metals, including steel, aluminum, brass, and stainless steel, available in various forms, such as sheets, plates, bars, and tubes. Metal Supermarkets UK Limited serves customers across various sectors, including manufacturing, construction, automotive, and aerospace.

Financially, the company shows some concerning trends. While current assets increased by a modest 7.9% to £1,800,000, net assets decreased by 12%, dropping to £600,000. Bank borrowings increased by 15%, reaching £1,000,000, and cash reserves fell by 16% to £150,000. Creditors also increased by 11%, reaching £1,700,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the financial data is unaudited.

The increase in borrowings, coupled with the decrease in cash reserves, suggests that Metal Supermarkets UK Limited may be relying more on debt financing. The increase in creditors could be due to expanding operations or negotiating better payment terms with suppliers. It's possible that the company is investing in growth initiatives, such as expanding its product offerings or improving its e-commerce platform.

Registered in England/Wales under the registration number 03160902, with a registered address at LE8 4GR, England, Leicester, Suites 1 & 2 Blaby Business Centre, 33 Leicester Road, Blaby.

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