Midland Bright Steels Limited

Midland Bright Steels Ltd from Brierley Hill UK: a small company with an active status, founded 25 years ago, employs 12 people, and holds £2,396,076 in assets. It operates from a virtual address, is overseen by two directors and a single owner – the solo founder – and regularly imports and exports iron and steel. The company’s core business revolves around agents selling agricultural raw materials, livestock, textile raw materials and semi-finished goods.

The company’s website, Midland Bright Steels, showcases a broad range of steel products, from bright steel bars to stainless steel sheets, catering to various industries. It operates as a steel stockholder, offering both standard and bespoke cutting services, including sawing and machine cutting. The website highlights the company’s ISO9001 certification and emphasizes its ability to supply multiple grades of high-quality stainless steel, sourced from UK and European mills. It also offers delivery services nationwide.

Financially, Midland Bright Steels Ltd presents a mixed picture. Current assets have increased by 25%, reaching £2,400,000, while net assets have jumped 38%, now at £2,500,000. Bank borrowings have dramatically decreased, falling 100% to zero, and cash reserves have surged 170%, reaching £860,000. Creditors have also decreased by 6.6%, suggesting improved debt management. The company’s small size—meeting two of three conditions for being a small company—allows for flexibility, but the significant increase in other creditors, jumping 2700%, raises some questions. The company’s unaudited financial statements, likely due to its status as a small company, rely on director-reported data.

Despite the positive trends in assets and cash, the substantial increase in other creditors suggests a possible need to manage short-term liabilities. The company’s ability to maintain its strong position in the steel market will depend on its continued ability to source high-quality materials and provide reliable service.

Registered in England/Wales under the registration number 03970194, with a registered address at DY5 3EE, Brierley Hill, West Midlands, Swinford House, Albion Street.

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