Selkent Fastenings Ltd

Selkent Fastenings Ltd from Orpington UK: a large company, holding company, active status, founded 11 years ago, 74 employees, £9,430,326 assets, yearly revenue: £21,620,609, real address, 4 directors, 1 owner, google rating 4.0 based on 20 reviews. Regular importer of iron or steel products (138 months imported). Irregular exporter of basic metal tools and utensils (1 months exported). Selkent Fastenings Ltd is a well-established supplier of construction fixings, tools, and accessories, operating from Orpington, Kent, and with branches in Ipswich and Sittingbourne. The company’s website highlights its commitment to providing construction sites with the products they need to stay productive and on schedule, offering services like live order tracking and approved product baskets. It seems like they're catering to larger construction projects, offering a streamlined purchasing process.

The company's website, selkent.co.uk, is a fully functional e-commerce platform. It’s clear they're not just a distributor; they actively sell online, showcasing a wide range of products, including fixings, tools, safety equipment, and even concrete accessories. The site offers a manager login and trade login, suggesting a B2B focus with dedicated accounts for trade customers. They even have a section for "best sellers" and a dedicated area for "Sure Snap" products, indicating a focus on particular brands or product lines. The website also mentions HS2 online approval, suggesting they are a supplier to major infrastructure projects.

Financially, Selkent Fastenings Ltd presents a mixed picture. While turnover increased by a healthy 5.8% to £21.6 million, the company is facing some challenges. Net assets dropped significantly, and bank borrowings increased substantially, which could indicate a need for increased financing. Creditors, however, decreased, which is a positive sign of improved debt management. The company’s size – meeting two out of three criteria for a large company – suggests it’s operating at a scale where it can benefit from economies of scale but also faces increased scrutiny. The audit firm, Howards Limited, provided an unaudited statement, which is typical for companies of this size.

Overall, Selkent Fastenings Ltd appears to be a solid, established player in the construction supplies market. The company’s focus on online sales and customer service, along with its B2B focus, positions it well for continued growth. However, the recent financial trends suggest a need for careful management of debt and working capital. It's possible the increased borrowings are linked to investments in the online platform or expansion of the distribution network—but it’s something to keep an eye on.

Registered in England/Wales under the registration number 08742002, with a registered address at BR5 3QJ, England, Orpington, London, Osprey House, New Mill Road.

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