Steelco (uk) Limited

Steelco Uk Ltd, based in Hastings, UK, is a well-established family business with a solid track record. Founded 36 years ago in 1988, this large company boasts 29 employees and holds assets worth £10.3 million. With a yearly revenue of £25.2 million, it's a significant player in its sector. Six directors and two owners guide the company, which has a respectable 4.0-star Google rating based on a single review. The company operates from a real address and is active.

Steelco’s core business involves the wholesale of metals and metal ores. It's an irregular importer, primarily bringing in iron and steel, with the last import occurring just one month ago. Export activity is also sporadic, focusing on machinery, boilers, and mechanical appliances, with the last export dating back two months.

Financially, the company shows some interesting trends. Accrued liabilities have jumped significantly, increasing by 670% to £320,000, which could indicate increased short-term debt. Depreciation on motor vehicles has fallen by a substantial 50%, perhaps reflecting a reduction in fleet size. However, director remuneration has risen dramatically, increasing by 110% to £42,000. Cash bank on hand has plummeted to just £1, a significant drop from £660 previously. Despite this, turnover has fallen by 14% to £25.2 million, and net assets have increased by 7.1% to £13 million.

The company’s size qualifies it as “large,” having met two of three criteria: turnover exceeding £36 million and balance sheet total exceeding £18 million. While the increase in accrued liabilities and decrease in cash are concerning, the overall financial picture suggests a company navigating challenges but maintaining a reasonable level of activity. The lack of an auditor mentioned likely means the company is exempt, so the financial statements are unaudited.

Registered in England/Wales under the registration number 02319502, with a registered address at TN38 9BQ, England, Hastings, East Sussex, Tremlon House, Menzies Road.

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