P.& D.northern Steels Limited

P & D Northern Steels Ltd, based in Oldham, UK, is a well-established company with a 67-year history, currently employing 11 people. The company, a holding company, boasts significant assets totaling £10,990,976 and maintains an active trading status. With four directors and one owner, it’s a family-run business with a strong presence in the steel industry, holding a 5.0 Google rating based on two reviews. The company regularly imports and exports iron and steel, with 151 months of import activity and 101 months of export activity recorded.

The company's website highlights its role as a steel stockist and supplier, catering to various sectors including mining, offshore, construction, petrochemical, quarrying, nuclear, and defence. It offers a wide range of steel products, from pressure vessel steel to weathering steel, and provides services such as shot blasting, primer painting, and ultrasonic testing. The website also showcases a commitment to quality, with certifications and a focus on customer service.

Financially, P & D Northern Steels Ltd presents a mixed picture. While turnover increased by 9.3% to £12 million, profits plummeted by 87% to just £320,000. Cash reserves fell 29% to £360,000, and bank borrowings increased significantly. Creditors also rose, suggesting a need for improved cashflow management. The company meets two of three criteria to be classified as a large company, indicating a substantial operation. Champion Accountants LLP conducted the audit.

The decline in profits, despite increased turnover, could be attributed to rising costs or increased competition within the steel market. The surge in bank borrowings suggests a need for additional funding, possibly to support expansion or cover operating expenses. The company’s long history and established reputation provide a solid foundation, but addressing these financial challenges will be crucial for sustained growth.

Registered in England/Wales under the registration number 00584986, with a registered address at OL2 6HL, England, Oldham, Woodstock Distribution Centre Meek Street, Royton.

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