Metals Direct Limited

Metals Direct Ltd from Great Yarmouth UK: a small, active company founded 15 years ago, employs nine people, and holds £428,138 in assets. With four directors and a solo founder, Gent Leonard, the company operates from a real address and has a long history of importing copper and copper products (9 months) and, to a lesser extent, exporting miscellaneous metal items (1 month). It’s a regular importer, with its top import category being Copper and copper products, totaling 9 months of imports. The last import operation was conducted on March 01, 2024. The company is a irregular exporter, with its top export categories including Miscellaneous metal items, totaling 1 of months exports. The last export operation took place on July 01, 2023. The company operates in the wholesale of metals and metal ores industries.

The company’s website is currently unavailable, making it difficult to ascertain if it operates an e-commerce platform or primarily serves business-to-business clients. Without a website to analyze, it's impossible to determine the extent of its online presence or marketing efforts.

Financially, Metals Direct Ltd presents a mixed picture. Accumulated depreciation for property, plant, and equipment has risen, particularly for leased assets, suggesting investment in equipment. However, bank borrowings have decreased significantly, and cash reserves are low, falling to just £18. Creditors have also decreased, which is a positive sign. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Net assets, however, have increased by 85%, which is a significant improvement. There's no mention of an auditor, which is common for small, exempt companies.

Overall, Metals Direct Ltd appears to be navigating a period of change. While the company’s assets are relatively stable, the decrease in bank borrowings and the increase in net assets suggest a move towards greater financial stability. The lack of information about the company’s online presence makes it difficult to assess its long-term prospects, but its core business—the wholesale of metals—remains a solid foundation.

Registered in England/Wales under the registration number 06976666, with a registered address at NR31 6TB, England, Great Yarmouth, Norfolk, Anchors Rest 21 21 Kennedy Avenue, Gorleston.

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