Rowan Steels Limited

Rowan Steels Ltd from Kidderminster UK: a small, active company founded 47 years ago, employs ten people, and holds £2,560,231 in assets. It’s a solo-founded operation with two directors and a real address. Regular importer of iron and steel (5 months imported), the last import operation was made on December 01, 2024. The company operates in the manufacture of other fabricated metal products n.e.c. industries.

The business’s website is minimal, offering little insight into its operations beyond its core function as a steel supplier. There’s no obvious e-commerce presence, suggesting a business-to-business model focused on direct sales or contracts rather than online retail. It’s likely that Rowan Steels Ltd acts as a distributor or supplier to other manufacturers or construction companies.

Financially, Rowan Steels Ltd presents a mixed picture. While assets remain relatively stable, key indicators suggest a company under pressure. Cash bank on hand decreased by 10% to £98,000, and bank borrowings increased significantly, with overdrafts rising by 7.1% to £31,000. Creditors also increased by 14% to £2,400,000, indicating a reliance on trade credit. However, debtors increased by 13% to £1,500,000, which could be a positive sign of increased sales, or a sign of customers taking longer to pay. The company’s net assets remained flat at £250,000. The increase in future minimum lease payments, particularly the rise in payments due within one to five years, is a notable concern.

The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rising debt and decreasing cash reserves are worrying. The unaudited financial statements, as is common for small companies, rely on director-reported data. The company’s increase in employees from ten to thirteen, as reported, could be a response to increased demand, but it also adds to operating expenses. It’s likely that the company is working hard to maintain its position in a competitive market, but the financial data suggests a need for careful management to avoid burning through money.

Registered in England/Wales under the registration number 01352116, with a registered address at DY11 7RA, United Kingdom, Kidderminster, Worcestershire, Unit 4, Edwin Road Hoo Farm Industrial Estate, Worcester Road.

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