Special Steels Limited

Special Steels Ltd is a small, holding company with an active status, established 30 years ago in 1995. Based in Sheffield, UK, the company holds £6,469,825 in assets and employs 50 people. It has seven directors and one owner, with a real registered address shared by four other companies. The firm regularly imports and exports iron and steel – 34 months of imports and 40 months of exports – indicating a strong presence in the metals trade.

The company operates in the non-ferrous metal production and treatment industries. It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. It seems to be a solid operation, with a long history and a stable workforce.

Financial data reveals some interesting trends. While cash reserves have increased significantly – a 300% jump to £2.1 million – trade debtors have decreased by 22%, suggesting a potential issue with collecting payments. Creditors have also decreased by 24%, which could indicate better debt management. The company’s net assets have grown by 27% to £5.7 million, a positive sign, but bank borrowings have increased, and the decrease in cash reserves is something to keep an eye on. Depreciation on plant machinery has increased by 100%, which might mean new equipment has been purchased.

The company’s auditor is BHP LLP, and the accounts are audited, which adds a layer of assurance. The company has elected not to include a copy of the profit and loss account within the financial statements. It’s a modest, well-established business navigating the challenges of the metals market, and its long-term stability will depend on maintaining a healthy balance between revenue, expenses, and cash flow.

Registered in England/Wales under the registration number 03046151, 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.