Sheffield Refractories Limited

Sheffield Refractories Limited is a large, active company based in Sheffield, UK, established 48 years ago in 1976. With £6,473,333 in assets and sixty employees, it operates as a holding company and is overseen by six directors and one owner. The company regularly imports inorganic chemicals (for 67 months) and exports miscellaneous chemical products (for 18 months). It’s a real address, and the directors list was changed five months ago.

The company specializes in the manufacture of refractory products, serving a wide range of thermal process industries. It’s a sizable operation, meeting two of three criteria for a large company: turnover exceeding £36 million, a balance sheet total over £18 million, and more than 250 employees.

Financially, Sheffield Refractories Limited presents a mixed picture. Accrued liabilities decreased by 26%, a positive sign, but administrative expenses increased significantly, jumping 100%. The number of employees has also decreased slightly, falling by 5%. Cash bank on hand increased by 51%, a welcome boost, but bank borrowings decreased by 51%. Perhaps most concerning is the substantial increase in depreciation expense, rising 140%, which could indicate aging equipment or increased maintenance costs.

The company’s net assets increased by 15%, but the significant increase in deferred tax liabilities suggests a complex tax situation. The company’s revenue recognition policy is to recognise turnover at the fair value of consideration received.

Monocon International Refractories Ltd owns Sheffield Refractories Limited, and the directors include Rakhecha Manoj, Parakh Dheeraj, Staton Joe, Staton Trevor, and Staton Trevor. The company’s accounts are audited, and Christopher John Woodhead is the senior statutory auditor. The company’s strategic report, report of the directors, and financial statements are all in compliance with applicable law and regulations.

Registered in England/Wales under the registration number 01279115, with a registered address at S25 2RY, Sheffield, Bradshaw Works Swinston Hill Road, Dinnington.

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