Salix Stainless Steel Fabrications Limited

Salix Stainless Steel Fabrications Ltd from Basildon UK: small company, active status, founded 32 years ago, 48 employees, £1,703,537 assets, real address, 1 director, 1 owner, google rating 1.0 based on 1 reviews. Regular importer of machinery, boilers, and mechanical appliances; parts (6 months imported). 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, employees less than 50. The company operates in the manufacture of other fabricated metal products n.e.c. industries.

Based in Basildon, Essex, Salix Stainless Steel Fabrications Ltd is a long-standing business specializing in stainless steel fabrication. Founded in 1992, the company has been a fixture in the area for over three decades, employing 48 people. They’re known for importing machinery and mechanical parts, with recent activity recorded six months ago. The business has a real registered address and is managed by a single director and owner. The company’s Google rating is low at 1.0, based on just one review.

The company’s website is minimal, providing little insight into their specific services beyond stainless steel fabrication. There's no indication of e-commerce or online sales; it appears to be a business primarily serving other companies. The lack of a detailed website suggests a focus on direct client relationships and project-based work.

Financially, Salix Stainless Steel Fabrications Ltd has experienced some challenges. Current assets have fallen by 18%, dropping to £1,700,000, while net assets have declined by 19%, settling at £510,000. Bank borrowings have increased significantly by 19%, reaching £490,000, and cash reserves have plummeted 97%, leaving just £10. Creditors have decreased by 13%, which is a positive sign, suggesting better debt management. The company’s small size helps it remain agile, but the sharp decline in cash reserves and increase in bank borrowings raise concerns about its financial health. The company is exempt from an audit, so the figures are unaudited. The company’s turnover has not been disclosed, but it is likely that it is less than £10.2 million.

Registered in England/Wales under the registration number 02767078, with a registered address at SS14 3BG, Basildon, Essex, Production House, Chester Hall Lane.

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