Stainless Steel Services Limited
- Large
- Active
- 30 years
- 27 employees
- £6,462,662 (assets)
- £15,122,722 (revenue)
- Real address
- 4 directors
- 2 owners
- Regular importer
- Regular exporter
- Family business
- Rating 5.0 (5)
Two conditions of three:
1.Turnover > £36 million
2.Balance sheet total > £18 million
3.Average number of employees > 250
The directors list was changed 1 month ago, a good sign to sell them something.
Field of Operation
Website
Phones
Summary
Stainless Steel Services Limited, based in Birmingham, UK, is a large, active company founded 30 years ago in 1994. With 27 employees and £6,462,662 in assets, it generates a substantial £15,122,722 in yearly revenue. It’s a family business with five directors and two owners, boasting a perfect 5.0 Google rating from five reviews. The company regularly imports and exports iron and steel, with 392 months of import activity and 24 months of export activity recorded.
The company operates in the non-specialised wholesale trade industries, a sector known for its broad range of products and diverse customer base. While a website isn't available to examine, the company's core business appears to be the distribution of stainless steel and related products.
Financially, Stainless Steel Services Limited is showing some concerning trends. While turnover remained relatively stable, net assets declined by 20%, falling to £2,800,000. Cash reserves also took a hit, dropping 30% to £770,000. Bank borrowings increased significantly, jumping 43% to £1,800,000. Creditors, however, decreased by 18%, suggesting improved debt management. The company meets two of the three criteria to be classified as a large company, with turnover exceeding £36 million and balance sheet total exceeding £18 million. The unaudited financial statements were reviewed by Cooper Parry Group Limited.
These shifts could be due to several factors, such as increased competition, changes in raw material costs, or investments in new equipment or personnel. The increase in borrowings might indicate a need for working capital or funding for expansion, while the decrease in cash reserves could reflect tighter margins or increased operational expenses. It's possible that the company is strategically managing its debt to fuel growth, but the declining net assets warrant close monitoring.
Registered in England/Wales under the registration number 02990634, with a registered address at B21 0BH, Birmingham, West Midlands, Middlemore Road, Handsworth.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 4 years
- psc
-
Resident of Spain
-
Individual
- 4 years
- psc
-
Resident of Spain
Managers
-
Individual
- 1 month
-
Individual
- 6 years
- 1
-
Resident of United Kingdom
-
Individual
- 6 years
-
Resident of Spain
-
Individual
- 6 years
-
Resident of Spain
Last reports
The latest confirmation statement submitted six months ago.
Last news
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Termination of appointment of Lesley Jane Rowley as a director on 2025-04-30Download 1 page pdf report
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Appointment of Mr James Alfred Cook as a secretary on 2025-05-01Download 2 pages pdf report
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Termination of appointment of Lesley Jane Rowley as a secretary on 2025-04-30Download 1 page pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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FAQ about Stainless Steel Services Limited
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