Southern Sheeting Supplies Ltd

Southern Sheeting Supplies Ltd, based in Crawley, UK, is a large, active company founded eleven years ago in 2013. With 55 employees and £5,593,887 in assets, it operates an e-commerce site specializing in roofing, cladding, and metal sheeting supplies for both trade and DIY customers. The company has four directors, but no owners were reported, which is unusual. The registered address is a bit of a red flag, as eighty-nine companies are registered at the same location, suggesting a virtual address.

The company regularly imports iron or steel products, with nineteen months of import activity recorded, and exports for six months, the last operation being in August 2023. It's a key player in the roofing activities industries. The company’s website showcases a wide range of products, from steel roof sheets to composite fencing, and even offers specialist services like asbestos repairs.

Financially, Southern Sheeting Supplies Ltd’s numbers present a mixed picture. Current assets remained steady at £5,600,000, but net assets decreased by 13% to £3,900,000. Bank borrowings increased by 100% to £29,000, and cash reserves fell by 5% to £1,300,000. Creditors decreased by 8% suggesting better debt management. The company meets two of three criteria to be considered a large company: turnover more than £36 million, balance sheet more than £18 million, and more than 250 employees. The lack of an auditor mentioned is likely due to the company's size, meaning the figures are unaudited.

While the company’s import and export activities demonstrate a consistent business model, the decrease in net assets and increase in bank borrowings raises questions about its financial health. The virtual address also warrants further investigation. Overall, Southern Sheeting Supplies Ltd appears to be a well-established player in its market, but its financial performance suggests it may be facing some challenges.

Registered in England/Wales under the registration number 08557784, with a registered address at RH10 1HT, Crawley, West Sussex, Ground Floor, 1/7 Station Road.

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