Steelseal Ltd

Steelseal Ltd, based in Evesham, UK, is a small holding company with an active status, established fourteen years ago in 2010. Employing twenty-nine people, the company holds £3,139,464 in assets and operates from a real address. Two directors and two owners manage the business, which boasts a respectable Google rating of 4.0 based on twenty-one reviews. Steelseal is an irregular importer, primarily dealing with natural and modified starches, glues, and enzymes, with the last import operation occurring a month ago.

The company’s website highlights its core business: providing a DIY solution for repairing blown head gaskets. Steelseal markets a unique chemical mixture designed to create a hardened seal within the engine, offering a cost-effective alternative to mechanical repairs. The site emphasizes its product’s effectiveness, showcasing testimonials and awards, and even offers technical support. It’s clear that Steelseal is focused on direct-to-consumer sales through its website, rather than wholesale distribution.

Financially, Steelseal’s recent performance presents a mixed picture. While investments in group undertakings remained steady at £450,000, net assets increased by 13% to £1.5 million. However, cash reserves dipped by 11% to £16,000, and bank borrowings remained constant at £740,000. There was a significant increase in other creditors, rising 26% to £310,000, which could indicate increased supplier costs or extended payment terms. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the fluctuating cash position warrants attention. No auditor is mentioned, consistent with its status as a small, exempt company. The company’s reliance on direct sales and its unique product offering suggest a focus on maintaining brand reputation and customer loyalty to drive revenue.

Registered in England/Wales under the registration number 07421424, with a registered address at WR11 7QA, United Kingdom, Evesham, Worcestershire, Automotive Brands Building Old Concrete Works, Bretforton Road, Weston Subedge.

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