Parkside Steel (stockholders) Limited

Parkside Steel Stockholders Ltd from London UK: a large company, holding company, and active status, has been operating for 47 years. Employing 32 individuals, the company holds assets worth £5,920,985 and generates £11,852,506 in yearly revenue. It has a real address, two directors, one owner, and an e-commerce site, boasting a Google rating of 4.0 based on six reviews. The company regularly imports iron and steel, with 280 months of import activity recorded.

The company operates within the manufacture of other fabricated metal products, and its website suggests a focus on steel stockholding. While details on its e-commerce presence are limited, it’s clear the company engages in online activity.

Financially, Parkside Steel shows some concerning trends. While turnover remained steady at £12 million, net assets took a hit, falling by 13% to £4.9 million. Bank borrowings increased significantly, jumping 180% to £72,000, and cash reserves declined by 65% to £750,000. Creditors also increased by 18%, suggesting a potential strain on short-term liquidity. Despite these challenges, the company still meets the criteria for a large company, having turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The unaudited figures, prepared using IRIS Accounts Production software, are overseen by a senior statutory auditor, Karen Mealand.

The increase in bank borrowings and decrease in cash reserves could be attributed to investments in inventory or expansion efforts. However, the decline in net assets warrants further scrutiny. The company’s reliance on regular imports of iron and steel, as well as its position as a holding company, suggests a complex business model that may be vulnerable to market fluctuations. Entourage Management Llp owns Parkside Steel (stockholders) Limited. Cooper Paul and Audley Jack Alexander are the directors.

Registered in England/Wales under the registration number 01325509, with a registered address at N20 9DA, England, London, 42 Langton Avenue.

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