Quick-steel Limited

Quick Steel Ltd from Coventry UK: a small holding company with an active status, was founded 22 years ago and employs 22 people. It holds £1,085,748 in assets and operates from a virtual address, managed by three directors and one owner. The company regularly imports and exports miscellaneous metal items—18 months of imports and 6 months of exports respectively.

The company’s website reveals a focus on expansion joints, operating from Middlewich, Cheshire. QuickSteel Ltd is presented as a leader in quality design and manufacturing, boasting accreditations like WRAS approval. The site encourages customers to contact their expert sales team and highlights a commitment to high-quality materials and technologies. It’s clear that QuickSteel Ltd operates a B2B model, targeting industrial clients with a range of expansion joint solutions. The site doesn’s have a visible e-commerce functionality, suggesting sales are handled directly through contact and quotation.

Financially, Quick Steel Ltd’s picture is mixed. While current assets have increased by a solid 42% to £1.1 million, net assets have taken a significant hit, plummeting 36% to £980,000. Bank borrowings have increased, and cash reserves have fallen considerably. Trade debtors have also risen sharply, suggesting potential issues with customer payments. Despite this, creditors have decreased, which is a positive sign. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decline in equity warrants closer attention. The lack of an auditor mentioned (likely exempt due to its size) means the figures are unaudited.

Overall, Quick Steel Ltd appears to be navigating a period of change. While its core business seems to be thriving, the financial data suggests it’s burning through cash. Whether this is a temporary setback or a longer-term trend remains to be seen, but the company’s focus on quality and customer service may help it weather the storm.

Registered in England/Wales under the registration number 04702194, with a registered address at CV3 4FJ, United Kingdom, Coventry, 3mc Middlemarch Business Park, Siskin Drive.

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