Resistalloy Trading Limited

Resistalloy Trading Ltd from West Yorkshire UK: a small, active company founded 21 years ago, employs four people, and holds £464,144 in assets. It’s a real address with five directors and four owners, making it a family business. The company regularly imports iron and steel (17 months) and exports it too (122 months).

The business operates in the manufacture of basic iron and steel and of ferro-alloys industries, and appears to be a steel stockholding business. It's a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company’s website is not available for review, so it’s difficult to determine if it’s an e-commerce operation.

Financially, Resistalloy Trading Ltd has experienced some concerning trends. Current assets have decreased by 18% to £460,000, while net assets have fallen significantly by 94%, dropping to just £1,700. Bank borrowings have increased by a considerable amount, and cash reserves have plummeted, suggesting the company is burning through its resources. However, creditors have decreased by 14%, which could indicate improved debt management. The company is exempt from an audit as a small company.

The decrease in net assets is a significant point of concern. It could be due to a variety of factors, such as increased operating expenses, reduced sales, or investments in new equipment. The decrease in cash reserves is also a cause for concern, as it could indicate that the company is struggling to meet its short-term obligations. It’s possible that the company has been investing in its business, but it’s also possible that it’s facing financial difficulties. The reduction in creditors suggests that the company is managing its liabilities effectively, but the overall picture is one of financial strain.

Registered in England/Wales under the registration number 04983725, with a registered address at HD9 2JT, West Yorkshire, Stoneygate House, 2 Greenfield, Road, Holmfirth.

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