Millstock Stainless Limited

Millstock Stainless Ltd, based in Willenhall, UK, is a small, active company established 28 years ago. Employing 11 people and holding assets of £5,094,948, it’s a well-established player in the stainless steel sector. With four directors, but no owners reported, the company operates from a real address and has a long history of importing and exporting iron and steel products – 116 months of imports and 224 months of exports, respectively.

The company’s website showcases a specialist supplier of stainless steel materials and products, including precision ground shafting and a range of special stainless steel sections. A key focus is the Nauticalloy brand of marine propeller shafting, recognized internationally. Millstock also caters to industries like petrochemical, automotive, marine, power generation, aerospace, and defence. The website highlights its commitment to quality, showcasing a new stand at the upcoming DPRTE 2025 show and recent ISO 9001:2015 quality audit success.

Financially, Millstock Stainless Ltd presents a mixed picture. While cash reserves increased by a healthy 18% to £1.9 million, trade debtors have decreased significantly by 27%, falling to £1.5 million. This could indicate improved collection rates or a shift in sales strategy. However, creditors also decreased by 65%, falling to £10,000, and other taxation social security payable has increased by 70%, reaching £600,000. Bank borrowings have disappeared completely, and net assets have increased by 17% to £3.1 million. The company’s small size – meeting two of three criteria for being classified as small – allows for agility, but the increase in social security payable warrants further scrutiny. The company’s financial statements are unaudited, as is typical for small entities.

Registered in England/Wales under the registration number 03260745, with a registered address at WV13 2QR, Willenhall, West Midlands, Fusion House, The Crescent.

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