Priory Steel Group Limited

Priory Steel Group Ltd from Wolverhampton UK: a small, active company founded 30 years ago, employs 22 people, and holds £2,353,218 in assets. It’s a real address with four directors and one owner, boasting a 3.0 Google rating from five reviews. The company regularly imports iron or steel products, with 65 months of import activity recorded.

The company operates in the wholesale of metals and metal ores industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. The company’s website is not available for review.

Financially, Priory Steel Group Ltd shows some interesting trends. Accumulated depreciation for furniture fittings, land and buildings, motor vehicles, and plant machinery all increased slightly, but not dramatically. Amounts owed by group undertakings decreased significantly, and the average number of employees dropped by one. Cash bank on hand also decreased slightly. Creditors decreased substantially, and other creditors decreased even more. Trade debtors decreased as well. The company’s equity remained relatively stable. Total assets less current liabilities remained stable too.

The company’s net assets liabilities remained stable. The company’s total assets less current liabilities remained stable. The company’s revenue recognition policy states that turnover is measured at the fair value of the consideration received. The company’s tax policy states that taxation for the year comprises current and deferred tax. The company’s financial statements have been prepared in accordance with Financial Reporting Standard 2. The company’s accounts are unaudited. The company’s financial statements were prepared by Wilkes Tranter & Co Limited.

Overall, Priory Steel Group Ltd seems to be holding its own, but the slight decrease in assets and employees could be a cause for concern. It's important to monitor these trends closely to ensure the company remains financially healthy.

Registered in England/Wales under the registration number 02940278, with a registered address at WV2 2RL, Wolverhampton, West Midlands, Central Trading Estate Units 27 - 29, Cable Street.

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