Steel Express Limited

Steel Express Ltd, based in Wolverhampton, UK, is a small, family-run business with an active status, having been established 24 years ago. The company employs 17 people and holds £1,497,334 in assets. It's a real address, managed by three directors and two owners. Steel Express is a regular importer of iron and steel (31 months), but exports iron or steel products only irregularly (2 months).

The company's website showcases a wide range of steel products, from engineering steel to stainless steel, catering to both commercial and industrial clients. It operates an online shop and boasts a network of regional depots across the UK, offering local and national delivery. The website also highlights services like fabrication, press braking, and even a free issue cutting service—a nice touch. It also has a CNC machine service available.

Financially, Steel Express Ltd presents a mixed picture. While current assets remained relatively stable at £1,500,000, net assets increased by 37% to £1,200,000, a positive sign. However, bank borrowings surged by 40% to £150,000, and trade debtors decreased significantly by 57% to £400,000. Creditors also decreased by 56%, which is a good sign. 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 increased borrowing suggests it’s investing in growth or managing cash flow. With no auditor mentioned, the figures are unaudited, but the overall trend indicates a company navigating challenges while expanding its services.

Registered in England/Wales under the registration number 04172075, with a registered address at WV10 9LU, England, Wolverhampton, Unit 1 Showell Road.

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