Monocon International Refractories Limited

Monocon International Refractories Ltd, based in Doncaster, UK, is a substantial player in the steel industry, holding company with a 51-year history and a workforce of 81 employees. The company boasts £8,228,149 in assets and operates from a real address, managed by six directors and two owners. Its Google rating stands at 3.0 based on four reviews. Regular imports of ceramic products (114 months) and exports of machinery, boilers, and mechanical appliances (131 months) demonstrate a global reach.

The company’s website showcases its expertise in refractory and steelmaking solutions, offering a wide range of equipment, services, and products. It’s clear that Monocon International Refractories Ltd isn’t just a supplier; it’s a solutions provider, offering everything from custom-designed machines to comprehensive maintenance contracts. The website highlights a focus on innovation, with products like the “Monocator Mobile” ladle repair system and nozzle changer mechanisms.

Financially, the company’s performance presents a mixed picture. While turnover remained stable at £12 million, net assets declined by 3%, settling at £13 million. Cash reserves increased significantly by 1,000% to £280,000, a positive sign, but bank borrowings also rose by 31%, reaching £560,000. Creditors decreased by 27%, suggesting improved debt management. The company meets two of three criteria for a large company, with turnover over £36 million, balance sheet total over £18 million, and average number of employees over 250. The increase in bank borrowings, while not alarming, could indicate investments in new equipment or expansion. The lack of an auditor mentioned suggests the company is exempt from mandatory auditing, relying on unaudited financial statements.

The trends suggest Monocon International Refractories Ltd is a resilient company navigating a competitive market. Its focus on specialized solutions and global reach positions it well for future growth, although careful management of debt will be crucial.

Registered in England/Wales under the registration number 01141077, with a registered address at DN12 4LQ, Doncaster, South Yorkshire, Denaby Main Industrial Estate Denaby Lane, Old Denaby.

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