Steelo Limited

Steelo Ltd from Hounslow UK: a small holding company with an active status, founded fifteen years ago. Employing thirty-nine people and boasting assets of £1,582,888, it operates from a real address and is led by one director and owner. An e-commerce site drives sales, and the company enjoys a stellar 5.0 Google rating based on ninety-three reviews. Steelo Ltd is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with just one month of import activity recorded as of February 01, 2022.

The company operates in the other construction installation industries and is a holding company. Its website highlights a focus on steel fabrication and related services, although a full description of its operations is not available. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than fifty employees.

Financially, Steelo Ltd shows a mixed picture. Current assets decreased by 29%, dropping to £1,600,000. Bank borrowings increased by 1200%, reaching £29,000, and cash reserves fell 56%, to £340,000. Creditors decreased by 31%, suggesting improved debt management. Net assets declined by 8.6%, to £780,000. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The company’s irregular import activity and reliance on a single owner could make it vulnerable to supply chain disruptions. However, its strong Google rating suggests customer satisfaction and a positive brand image. The decrease in cash reserves and increase in bank borrowings are concerning, but could be a result of investment in growth.

Registered in England/Wales under the registration number 06991532, with a registered address at TW4 6BU, Hounslow, Unit 9 Fairway Trading Estate, Green Lane.

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