Special Quality Alloys Limited

Special Quality Alloys Ltd is a large, active company established 39 years ago, in 1986. Based in Sheffield, it employs 92 people and boasts assets totaling £70,067,236. The company, with nine directors and one owner, holds a perfect 5.0 Google rating based on two reviews. It’s a significant player in the market, regularly importing and exporting nickel and nickel products – 86 months of import activity and 357 months of export activity, with the latest transactions occurring in January 2025.

The company’s website reveals it’s a manufacturer and supplier of forgings, rolled rings, and bar stock in various alloys, including nickel, duplex, stainless, carbon, and low alloys. It’s part of the family-owned Special Steel Group and offers services like heat treatment, testing, and machining, catering to sectors like oil & gas, defence, and energy. They even have a showroom in Harrods.

Financially, Special Quality Alloys Ltd shows a mixed picture. While cash reserves increased dramatically by 110%, reaching £11 million, net assets grew by a substantial 29%, reaching £61 million. However, there’s been a decrease in current assets, dropping 14% to £70 million. Bank borrowings have surged by a staggering 74%, reaching £13 million, while accrued liabilities decreased by 7.3%. The company’s turnover increased by 38%, reaching £48 million, and they’ve seen a significant increase in dividends paid, rising 31%. The company's auditors are BHP LLP.

The company’s growth in turnover and assets suggests a healthy business, but the increase in borrowings and decrease in cash reserves could indicate a need for careful financial management. The decrease in net assets is a little concerning, though. The company is meeting two of three criteria for being a large company, with turnover more than £36 million and balance sheet total more than £18 million. The lack of a detailed breakdown of expenses makes it difficult to assess profitability fully, but overall, Special Quality Alloys Ltd appears to be a robust and well-established player in its sector.

Registered in England/Wales under the registration number 01985443, with a registered address at S9 3NH, Bacon Lane, Sheffield.

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