Steadfast Works Ltd

Steadfast Works Ltd from Bradford UK is a small holding company with an active status, founded three years ago. It employs ten people and holds £934,199 in assets, operating from a real address with four directors and five owners. The company regularly imports furniture, lighting, and prefabricated buildings (for five months), and exports machinery, boilers, and mechanical appliances; parts (for four months). Its website suggests a focus on exhibition retail display and CNC services, with a contact us section.

The company operates in the manufacture of other builders' carpentry and joinery industries. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The website, Steadfastworks, points towards a focus on retail display and CNC services, suggesting a potential diversification beyond its core manufacturing activities. It’s not clear if the website represents a separate venture or an extension of the company's existing capabilities.

Financially, Steadfast Works Ltd presents a mixed picture. Cash bank on hand has plummeted by 50%, dropping to £340,000, while bank borrowings have surged, increasing by an impressive 7600%, reaching £76,000. Creditors have also increased significantly, rising by 59% to £560,000, and trade debtors have ballooned by 300%, reaching £600,000. However, net assets have also decreased by 12%, falling to £490,000. The increase in debtors could be a sign of delayed payments from customers, while the rise in creditors suggests increased reliance on short-term financing. Despite a decrease in equity, the company’s fixed assets have increased by 68%, indicating investment in long-term assets. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company, relying on unaudited financial statements.

Registered in England/Wales under the registration number 13661536, with a registered address at BD12 7BH, England, Bradford, Great Northern Works Furnace Road, Oakenshaw.

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