Next Day Steel Ltd

Next Day Steel Ltd, based in Edgware, UK, is a small, active company founded two years ago. Employing just four people, it operates from a virtual address—registered at 49 Mowbray Road, where eighty-two other companies are also registered—and is led by two directors, although no owners are officially listed. The company has a 5.0 Google rating based on 101 reviews, indicating high customer satisfaction. It runs an e-commerce site and irregularly imports machinery, boilers, and mechanical appliances, with its last import activity recorded two months ago in April 2024.

The website showcases a wide range of steel reinforcement products, including bars, mesh, and accessories, catering to construction and civil engineering projects. It offers online ordering, competitive pricing, and next-day delivery options, emphasizing convenience and efficiency for its customers. The site also promotes its dynamic pricing system, which automatically applies discounts based on the combined weight of mesh and rebar purchased—a unique selling point. The website also has a blog, which is a nice touch.

Financially, Next Day Steel Ltd presents a mixed picture. Cash bank on hand has decreased by 29% to £27,000, while creditors have increased by 24% to £480,000. Trade debtors have dramatically increased by 2,100% to £17,000, suggesting potential issues with customer payments. However, equity has seen a significant boost, increasing by 470% to £180,000. Finished goods and goods for resale have also increased by 50% to £270,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in creditors and the jump in debtors are something to keep an eye on. As a small company, Next Day Steel Ltd is exempt from an audit, so the financial statements are unaudited.

Overall, Next Day Steel Ltd appears to be growing, but it’s important to monitor its cash flow and debt management closely.

Registered in England/Wales under the registration number 14584431, with a registered address at HA8 8JL, England, Edgware, Middlesex, 49 Mowbray Road.

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