Shearline Steel Strip Limited

Shearline Steel Strip Ltd from Kingswinford UK: a large company with an active status, founded 21 years ago, employs 24 people, and holds £7,649,275 in assets. Yearly revenue sits at £11,483,611, with a real address and four directors overseeing operations. One owner is listed, and the company boasts a stellar 5.0 Google rating based on three reviews. It's a regular importer and exporter of iron and steel, with 208 months of import activity and 8 months of export activity.

The company is part of the wider Bilstein Group, a global leader in cold-rolled steel strip solutions. Shearline Steel Strip Ltd focuses on the UK market, selling to various industries, including automotive, industrial, and toolmaking. The Bilstein Group's website details a broad range of products, from high-strength steel to specialized tools and even piano restoration services – a surprising diversification. Shearline’s role within this network seems to be a key distribution point for cold-rolled steel in the UK, leveraging the group's global expertise.

Financially, Shearline Steel Strip Ltd shows a mixed picture. Turnover dipped by 10%, landing at £11 million, while net assets increased by 25%, reaching £3.7 million. However, cash reserves took a hit, decreasing by 14% to £1.4 million. Bank borrowings fell by a significant 32%, to £4.5 million, and creditors also declined by 25%, suggesting improved debt management. The company meets the criteria for a large company, having met two of three conditions: turnover over £36 million, balance sheet total over £18 million, and more than 250 employees. The company's auditor is Haines Watts Wolverhampton Limited.

The decrease in cash reserves, despite improved debt management, is a point to watch. It could be due to increased investment in inventory or expansion efforts. The Bilstein Group's diversified portfolio and global reach provide a stable foundation for Shearline, but its own performance will be crucial for sustained success. The company’s website, while informative, could benefit from a more modern design to better showcase its offerings.

Registered in England/Wales under the registration number 04969312, with a registered address at DY6 8XF, Kingswinford, West Midlands, Unit 3 Gibbons Ind Park, Dudley Road.

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