Retail Metal Ltd

Retail Metal Ltd, based in Barton-Upon-Humber, UK, is a small, active company founded seven years ago. Employing just one person, the company holds £7,016 in assets and operates from a real address. With a single director and owner, Brett Adam, it’s a compact operation. The business specializes in retail sale via mail order houses or via internet industries, and its website reveals a more complex picture.

The Retail Metals website showcases a long-standing business with over 40 years of experience in brass, copper, and copper alloys. It's not just a retailer; it's a manufacturer and supplier of small quantity metals, offering custom offshore manufacturing services. The company boasts three generations in the brass pipe manufacturing business and operates two plants in India equipped with advanced CNC machinery. They offer a wide range of metals in various sizes, including tubes, pipes, rods, bars, and plates, and even provide custom machined parts for global shipping. The website also includes a US-based address and contact information, suggesting international reach.

Financially, Retail Metal Ltd presents a mixed bag. Accumulated depreciation increased by 4.8%, and additions to property and equipment remained steady. Bank borrowings decreased by 14%, but cash reserves dropped by 32%, leaving only £2,200 on hand. Creditors also decreased, but net assets declined by 7.8% to -£38,000, indicating a negative equity position. Loans from directors increased significantly by 60%, suggesting a reliance on personal funding. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, and the figures are unaudited.

While the company’s website suggests a well-established business with international reach and advanced manufacturing capabilities, the financial data reveals a company struggling to maintain positive equity. The reliance on personal funding and declining cash reserves could be a cause for concern, but the company’s agility as a small business might help it weather these challenges.

Registered in England/Wales under the registration number 11256423, with a registered address at DN18 5BN, England, Barton-Upon-Humber, North Lincolnshire, Retail Metal Ltd, Humber Road.

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