Midland Special Steels Limited

Midland Special Steels Ltd from Dudley, UK, is a small, active company founded four years ago. With five employees and £1,039,976 in assets, it’s a solo-founded operation led by a single director and owner. The company regularly imports iron or steel products, with 146 months of import activity recorded, the latest in March 2025.

The company operates in the wholesale of metals and metal ores industries, as detailed on its website. Midland Special Steels positions itself as a premier destination for top-quality steel bar and tube products. It offers a wide range of steel grades, including bearing quality steel, case hardening steel, spring steel, and more, catering to engineering, construction, automotive, and manufacturing sectors. The website highlights its commitment to product quality, extensive inventory, and exceptional customer service. It also details various processes, like hard chrome plating and precision grinding, and even showcases its capabilities in supplying steel for specialized applications like oil and gas, automotive, and precision engineering.

Financially, Midland Special Steels Ltd shows some interesting trends. Cash bank on hand increased by 21% to £210,000, which is a positive sign. However, net assets also increased by 64% to £670,000, which is good. Trade debtors increased by 17% to £610,000, which could indicate a reliance on customer payments or a strategy of offering credit terms. Creditors decreased by 44% to £380,000, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile. Future minimum lease payments increased dramatically by 3700% to £1,300,000, which is a big jump and should be investigated. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Midland Special Steels Ltd appears to be a stable, albeit small, business. The increase in cash and decrease in creditors are encouraging, but the jump in lease payments warrants further review.

Registered in England/Wales under the registration number 13346287, with a registered address at DY2 8UL, England, Dudley, West Midlands, Unit 2 Yorks Park, Blowers Green Road.

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