Stainless Wire Supplies Ltd

Stainless Wire Supplies Ltd, based in Ludlow, UK, is a small, family-run business with an active status, celebrating nineteen years since its founding in 2005. The company employs just three people and holds £1,198,295 in assets. With three directors and two owners, it’s a tight-knit operation with a real registered address. The firm regularly imports iron and steel, with 65 months of import activity recorded, the latest in December 2024. While it does export iron and steel, this is irregular, with just two months of export activity recorded as of September 2021.

The company operates in the cold drawing of wire industries, a specialized niche. It's a small business, meeting two of three criteria for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s website is not available, which means there is no information about e-commerce or online sales.

Financially, Stainless Wire Supplies Ltd shows a mixed picture. Cash bank on hand increased by a significant 40% to £73,000, which is a good sign. However, creditors have risen substantially, increasing by 62% to £1,100,000, which could indicate increased reliance on credit. Bank borrowings also increased, though not as dramatically, by 2.1%. Net assets, however, have increased by 74%, suggesting a healthy equity position. Trade debtors have also increased by 31%, which may be a concern. The company is exempt from an audit, so the figures are unaudited.

Overall, Stainless Wire Supplies Ltd seems to be holding its own, benefiting from its specialized industry focus. The increase in creditors, however, warrants monitoring. The company's family-run nature and small size allow for agility, but the financial figures suggest a need for careful management to ensure long-term stability.

Registered in England/Wales under the registration number 05587863, with a registered address at SY8 1FF, Ludlow, Shropshire, Unit 12 Rural Enterprise Centre, Eco Park Road.

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