Stainless Metals & Alloys Limited

Stainless Metals & Alloys Limited, based in Birmingham, UK, is a small, active company founded ten years ago in 2014. Employing eleven people and holding assets of £4,039,766, it operates from a virtual address – a fact highlighted by the presence of 236 other companies registered at the same location. Two directors and two owners manage the business, which regularly imports iron and steel (54 months of import activity recorded).

The company’s website reveals it’s a supplier of quality stainless steel alloys, serving various market sectors including engineering, fabrication, and the food and beverage industries. It operates from locations in Lisburn, Northern Ireland, and Dublin, Ireland, offering services like laser cutting, sawing, perforating, and polishing. The website also emphasizes its commitment to quality, holding BS EN ISO 9001:2015 certification and utilizing PPAP and APQP procedures. It’s clear they’re trying to present a professional image.

Financially, Stainless Metals & Alloys Limited shows a mixed picture. Current assets increased by 15% to £4,000,000, while net assets grew by 14% to £540,000. Cash bank on hand saw a significant boost, rising 110% to £180,000. However, trade debtors increased by 19% to £2,600,000, suggesting potential delays in customer payments. Creditors also rose, increasing by 16% to £3,600,000. 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 flexibility, but the increase in debt should be monitored. With no auditor specifically mentioned, the financial statements are unaudited.

Overall, Stainless Metals & Alloys Limited appears to be a stable, if somewhat leveraged, business. Its focus on quality and diverse services, coupled with a growing asset base, suggests a solid foundation. However, managing its debt levels will be key to its continued success.

Registered in England/Wales under the registration number 09278245, with a registered address at B30 3JN, Birmingham, West Midlands, Lifford Hall Lifford Lane, Kings Norton.

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