Steel Core Designs Limited

Steel Core Designs Ltd, based in Aylesford, UK, is a small holding company with an active status, established fifteen years ago. The company employs eight people and holds £2,101,275 in assets, operating from a virtual address – eleven companies registered at the same location. It’s managed by three directors and owned by three individuals, with the Burke Family Trust, Cherry Michael, and Harper Ian listed as owners. Regular imports of optical and medical tools and devices have occurred for four months, while exports have been irregular, spanning two months.

The company’s website, though not fully detailed, suggests a focus on the manufacture of weapons and ammunition. It’s a small company, meeting two of the three criteria for classification: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

A review of the company’s financial data reveals a mixed picture. Creditors have increased significantly, rising by 20%, reaching £7,500,000, while cash bank on hand has dramatically decreased, plummeting 97% to just £1,400. Trade debtors have also increased by 12%, reaching £890,000. On a more positive note, recoverable value tax has increased by 100%, reaching £72,000, and prepayments have increased to £9,000. Net assets and liabilities both decreased by 15%, reaching -£5,400,000. The company’s reliance on bank borrowings has increased by 13%, reaching £6,900,000. The sharp decline in cash reserves and the increase in liabilities could indicate the company is burning through money, although the increase in recoverable value tax suggests improved tax management. The lack of an auditor mentioned, likely due to its small size, means the figures are unaudited.

It’s clear that Steel Core Designs Ltd is facing financial pressures, despite its niche market and established presence in the weapons and ammunition industries.

Registered in England/Wales under the registration number 07213923, with a registered address at ME20 6AG, United Kingdom, Aylesford, Kent, 51 The Stream Ditton.

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