Spartan Steels Limited

Spartan Steels Ltd from Maidenhead UK: a small company with an active status, founded 21 years ago, employs just two people, and holds assets valued at £1,060,295. Based at a real address, the company is overseen by two directors and one owner. It’s a regular importer of iron or steel products, with 24 months of import activity recorded, the latest operation occurring in January 2025. The company operates in the wholesale of metals and metal ores industries.

The company’s website showcases a focus on steel tube supply, offering a range of products including plain, slotted, pre-galvanised, structural hollow sections, and stainless steel tubes. It also provides services and has a dedicated “Get in Touch” section with phone and email contact details. The site clearly states its registered address and company number, reinforcing its legitimacy. It’s a straightforward, functional website, lacking the bells and whistles of a modern e-commerce platform.

Financially, Spartan Steels Ltd presents a mixed picture. Cash bank on hand has decreased by a significant 36%, falling to £350,000, while debtors have increased by 8.4%, reaching £600,000. Creditors have seen a substantial drop of 41%, reducing to £220,000, which is a positive sign. However, net assets have increased by only 4.6%, reaching £840,000. Finished goods inventory has increased by 41%, reaching £110,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in cash reserves warrants attention. No auditor is mentioned, likely due to the company’s exemption as a small entity. The accounts are unaudited.

While the company’s financial health appears stable overall, the decrease in cash reserves and increased debtors suggest it may be burning through money faster than it’s collecting payments. The continued growth in finished goods inventory could also indicate a slowdown in sales, although this is just speculation. It's a solid, established business, but it's important to monitor its cash flow closely.

Registered in England/Wales under the registration number 04836903, with a registered address at SL6 4FJ, United Kingdom, Maidenhead, Berkshire, Maidenhead Concorde Business Park Concorde Road, Building 3, First Floor.

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