Metsource Ltd

Metsource Ltd, based in Hednesford, UK, is a small, active company founded seven years ago. With just two employees and £3,403,069 in assets, it’s a solo founder operation led by a single director and owner, Dunning Neil. The company operates from a real address and regularly imports and exports aluminum and aluminum products – 34 months of imports and 63 months of exports recorded. Its website highlights a business focused on providing material solutions, particularly specializing in non-ferrous aluminum ingots, raw materials, and master alloys, sourcing from a worldwide network of suppliers. They even boast ISO14001 and ISO9001 accreditations, and have over 30 years of industry experience.

The company's core business is wholesale of metals and metal ores. They have a website that is well designed and easy to use, and they offer a wide range of products. They also have a blog that provides useful information about the industry.

Looking at the financials, Metsource Ltd shows a mixed picture. While average employees increased by 50%, to three, cash bank on hand plummeted 71%, dropping to £370,000. Bank borrowings decreased significantly, falling 55% to £11,000, which is a positive sign. Creditors also decreased by 27%, suggesting better debt management. However, trade debtors increased by 15%, which could indicate challenges in collecting payments. Equity, however, increased by 48%, to £1.1 million, which is a good sign for the company's long-term health. The company meets the criteria to be considered small, with turnover under £10.2 million and assets under £5.1 million. There's no auditor mentioned, meaning the financial statements are unaudited.

Overall, Metsource Ltd appears to be navigating a period of change. While the decline in cash reserves is concerning, the decrease in debt and increase in equity suggest a company that is working to improve its financial position. The company’s focus on providing material solutions and its commitment to quality are likely to help it succeed in the long term.

Registered in England/Wales under the registration number 10750591, with a registered address at WS12 2HA, England, Hednesford, Staffordshire, Epsom 18 Centrix @ Keys Business Village, Keys Park Road.

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