Preminox Ltd

Preminox Ltd, based in Tamworth, UK, is a sizable holding company with an active status, celebrating 27 years in operation. The company employs 24 individuals and manages assets totaling £13,834,896, generating an annual revenue of £22,511,142. While it maintains a virtual address, it's overseen by three directors and one owner. Preminox Ltd is a regular importer and exporter of iron or steel products, with a long history of both activities.

The company operates as a specialist in stainless steel tubes, pipes, flanges, and fittings, catering to a global market. Its website showcases a wide range of products, from seamless tubes to bellows tubes, and highlights its expertise in processing and assembly. Preminox serves various industries, including heat exchangers, automotive, hydraulics, and shipbuilding, acting as a first-choice supply partner to major manufacturing companies. The website also features a separate division, Preminox Slovakia, expanding its reach into European markets.

Financially, Preminox Ltd presents a mixed picture. While turnover remained steady at £23 million, net assets decreased by 18% to £14 million. Bank borrowings increased by 10% to £10,000, and cash reserves dropped by 40% to £140,000. Creditors, however, saw a significant decrease of 36%, suggesting improved debt management. The company meets two of three criteria to be considered large, with turnover exceeding £36 million and balance sheet total over £18 million, but with only 24 employees. The accounts are audited by Philip Barnes & Co Limited, providing a degree of assurance.

The company’s focus on stainless steel products and its global reach indicate a specialized business model. The decrease in cash reserves and increase in bank borrowings, however, may signal tighter financial conditions. The virtual address, shared by 59 companies, raises questions about the nature of its operations, but the consistent import and export activity suggests a well-established presence in the market.

Registered in England/Wales under the registration number 03533716, with a registered address at B79 7RB, England, Tamworth, Staffordshire, C/O Philip Barnes & Co Limited The Old Council Chambers, Halford Street.

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