Scrapco Metal Recycling Limited

Scrapco Metal Recycling Ltd from Romford UK: a large company, holding company, active status, founded 14 years ago, employing 64 people, and holding £4,324,015 in assets. Yearly revenue stands at £21,378,231, with a virtual address and three directors overseeing operations. The company is owned by Hunn Group Ltd. It regularly exports machinery, boilers, and mechanical appliances; parts, with 46 months of export activity recorded.

The company operates in the wholesale trade of motor vehicle parts and accessories, the sale of used cars and light motor vehicles, and the wholesale of waste and scrap industries. It's a large company, having met two of three criteria: turnover exceeding £36 million, a balance sheet total surpassing £18 million, and an employee count of over 250. The company’s address is probably virtual as twenty-four companies registered at the same address.

While the company’s website isn’t readily available, the financial data paints a mixed picture. Current assets have decreased by 11%, while net assets have increased by 26%. Bank borrowings have increased by 89%, and cash reserves have increased by 20%. Trade debtors have increased by 33%, suggesting possible growth in sales. However, administrative expenses have increased by 1.5%, which could be a concern.

The company's financial reports, audited by Clay Ratnage Daffin & Co Limited, show a decline in revenue from £25 million to £21 million. Net losses deepened, and cash reserves fell significantly. It’s possible that increased competition or rising operating costs are impacting profitability. The company’s reliance on a virtual address and the absence of a detailed website raise questions about its long-term stability, but its established export activity and large asset base suggest a resilient business.

Registered in England/Wales under the registration number 07395898, with a registered address at RM3 8EN, Romford, Essex, Suite D The Business Centre, Faringdon Avenue.

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