Steel Solutions (n.i.) Limited

Steel Solutions Ni Ltd, based in Lisnaskea, Northern Ireland, is a holding company with an active status, having operated for 26 years. Employing 73 people, the company holds assets worth £9,294,140 and boasts a perfect 5.0 Google rating from two reviews. Regular importer of iron and steel (3 months imported).

The company’s primary focus appears to be structural steel fabrication and erection within the construction industry. Its website details a wide range of services, including structural steelwork, intumescent floor decking, precast flooring, external cladding, bridgeworks, and even specialised work like coldstore whitewall panelling. They undertake projects across various sectors, from office and commercial centres to energy and power plants, and even sports and leisure facilities. Recent projects highlighted include construction activities for Magna near Dublin, warehouse installations in Antrim, and work on the 2 Grand Canal Quay project in Dublin.

Financially, Steel Solutions Ni Ltd shows some interesting trends. While fixed assets remained steady, current assets saw a 32% decrease to £9,300,000. Net assets, however, surged by an impressive 520% to £4,500,000—a significant improvement. Bank borrowings decreased by 54%, indicating improved debt management, and cash reserves increased by a substantial 82% to £3,100,000. Trade debtors, however, decreased by 41%, which could be a concern. The company’s net loss decreased by 8.2% to £2,600,000.

The company is likely exempt from a full audit due to its size, so the figures are unaudited. The surge in net assets, combined with the improved cash position, suggests a period of strong performance, despite the decrease in current assets. The company’s focus on large-scale projects and diverse sectors seems to be paying off, but the decrease in trade debtors warrants further investigation.

Registered in Northern Ireland under the registration number NI035112, with a registered address at BT92 0FZ, Northern Ireland, Lisnaskea, Fermanagh, 125 Tullyneevin Road, Slushill.

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