Preferred Tubes Limited

Preferred Tubes Ltd, based in Manchester, UK, is a small, family-run business with an active status, celebrating 31 years since its founding in 1993. Employing 24 people, the company holds £4,090,282 in assets, though its registered address is a virtual one, shared by 82 other companies. The business is managed by three directors and owned by two individuals, with a strong Google rating of 5.0 based on just two reviews. They are regular importers of iron or steel products, with 64 months of import activity recorded.

Preferred Tubes Ltd specializes in the wholesale of other intermediate products, primarily stocking and distributing mild steel tubes, mainly welded. The company boasts experienced staff and directors with a history dating back to 1977, offering advice on product development and ensuring consistent supply for customers. They’re embracing modern technology, notably the TruLaser Tube 5000 Fibre machine, and pride themselves on delivering excellence through experience.

Financially, Preferred Tubes Ltd presents a mixed picture. Current assets have decreased by 23%, dropping to £4,100,000, while net assets have increased by 7.4%, reaching £5,400,000. Cash reserves have also declined by 20%, falling to £2,300,000. Creditors have seen a significant drop of 55%, indicating improved debt management. Trade debtors have decreased by 41%, suggesting quicker payment cycles. The company meets the criteria for a small business, with turnover under £10.2 million and fewer than 50 employees. As a small company, it’s exempt from an audit, relying on unaudited financial statements. The sharp decrease in cash reserves and increase in bank borrowings, however, raises some concerns.

Registered in England/Wales under the registration number 02854606, with a registered address at M2 5GP, United Kingdom, Manchester, Mitchell Charlesworth, 3rd Floor, 44 Peter Street.

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