Steel Processing (midlands) Limited

Steel Processing (midlands) Limited, based in Burntwood, UK, is a sizable company with an active status, having operated for 32 years. Employing 50 individuals, the company holds assets valued at £29,604,309. It functions as a holding company and boasts a real address, managed by six directors and one owner. The business regularly imports iron and steel (269 months) and exports it as well (5 months).

The company’s primary activity is the manufacture of basic iron and steel, alongside other fabricated metal products. It operates as a holding company, and its website, while not providing detailed e-commerce functionality, showcases a range of steel processing services.

Financially, Steel Processing (midlands) Limited demonstrates a mixed picture. While bank borrowings have increased significantly by 120%, reaching £6 million, cash reserves have decreased substantially by 83%, dropping to just £37,000. Administrative expenses have risen by 6.4%, and the comprehensive income expense has fallen by 43%. Despite this, the company’s net assets have increased by 32%, reaching £2.3 million. Creditors have decreased by 6.8%, suggesting improved debt management. The company is considered large, meeting two of three criteria: turnover exceeding £36 million and a balance sheet total exceeding £18 million. The accounts have been audited by Law & Co, and the report was signed on November 12, 2024.

The increase in bank borrowings and the decrease in cash reserves could indicate increased investment in operations or potential cash flow challenges. However, the growth in net assets and the decrease in creditors suggest that the company is managing its finances effectively overall. The company’s continued import and export activity demonstrates its ongoing engagement in the steel market, and the audit provides a degree of assurance regarding the reliability of the financial information.

Registered in England/Wales under the registration number 02712025, with a registered address at WS7 3XD, Burntwood, Staffordshire, Unit 14 Zone 4 Burntwood, Business Park.

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