Mgp Steel Erection Limited

Mgp Steel Erection Ltd, based in East Sussex, UK, is a small, active company established 27 years ago. Employing twelve people, it holds assets of £2,036,038. The company operates from a virtual address, a detail worth noting as 28 companies share the same location. It’s led by three directors and owned by a solo founder, Pocock Mel Graham. Google reviews are stellar, boasting a 5.0 rating from one review. The company regularly imports furniture, lighting, and prefabricated buildings, with recent activity recorded just this February.

The company’s website paints a picture of a specialist steel fabricator and construction steelwork provider. Established in 1988, incorporated in 1998, MGP Steel Erection Ltd serves London and the South East England, offering a complete steel construction package. They boast a Certificate of Conformity and utilize Tekla Steelwork software, alongside a modern workshop and a fleet of mobile cranes. They even provide services like painting and installation, and work with railways. The website clearly states they offer a range of services from design and drawing to fabrication and erection.

Financially, Mgp Steel Erection Ltd shows some interesting trends. While cash reserves increased by a healthy 9.5% to £460,000, net assets declined by 4.8% to £1,400,000. Bank borrowings have decreased, which is a positive sign, but creditors have risen significantly by 8%, reaching £800,000. Perhaps most concerning is the sharp decrease in average employees, dropping 67% to just twenty people – a big change from the previous year. Trade debtors also fell by 1.7% to £1,500,000. The company is exempt from an audit, so the figures are unaudited.

Overall, Mgp Steel Erection Ltd appears to be navigating a period of change. While asset growth and reduced borrowing are encouraging, the drop in employee numbers and rising creditors suggest potential challenges. The company's focus on specialist steelwork and its strong reputation could help it weather these pressures, but careful management will be key.

Registered in England/Wales under the registration number 03527474, with a registered address at BN21 2AH, East Sussex, 2 Upperton Gardens, Eastbourne.

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