Offshore Stainless Supplies Limited

Offshore Stainless Supplies Ltd from Blackburn UK is a large company, holding company, and active status, founded 25 years ago. It employs 43 people and holds £25,635,164 in assets. The registered address is a virtual one, as thirteen companies are registered there, which is a bit odd. The company is run by five directors and has one owner. It has a Google rating of 3.0 based on just three reviews. The company regularly imports and exports iron and steel, with 304 months of import activity and 248 months of export activity.

The company’s website showcases its core business: the supply of cold-drawn stainless steel bars and sheets. It positions itself as the UK’s most trusted manufacturer and the world’s largest stockholder and processor of 1.4003 stainless steel sheet and plate. The site highlights its services, including guaranteed quality, cut-to-length lines, fast global distribution, and a commitment to sustainability. It also mentions a corporate video and policies related to health and safety, quality, and environmental responsibility. The company is part of the Steel Dynamics Group Family of Companies, which suggests a broader network and potential for shared resources.

Financially, Offshore Stainless Supplies Ltd’s recent performance shows some mixed signals. While bank borrowings decreased by 29%, cash bank on hand plummeted by 66%, leaving just £150,000. Administrative expenses increased by 24%, reaching £2.2 million, and staff costs rose by 16%, indicating increased operational costs. However, the company’s net assets grew by 59%, reaching £14 million, and creditors decreased by 12%, suggesting better debt management. The company’s average number of employees increased by 9.3%, to 47, which is a positive sign. The company’s auditor is Champion Accountants LLP.

Overall, Offshore Stainless Supplies Ltd appears to be a stable, established player in the stainless steel industry, but the decrease in cash reserves and increase in administrative expenses warrant close monitoring. The company’s affiliation with a larger group and its focus on quality and sustainability position it well for future growth, but the management needs to keep an eye on costs and ensure efficient operations.

Registered in England/Wales under the registration number 03888553, with a registered address at BB1 2QE, United Kingdom, Blackburn, Unit 8 Walker Industrial Park, Guide.

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