Steelstock Services (midlands) Limited

Steelstock Services (Midlands) Ltd, based in Thirsk, UK, is a large, active company established sixteen years ago. With 32 employees and £4,702,573 in assets, it’s a significant player in the metals industry. The company, overseen by four directors and one owner, holds a respectable 4.0 Google rating from 17 reviews, indicating a positive customer experience. It regularly exports iron or steel products (three months exported), but imports machinery, boilers, and mechanical appliances (one month imported).

The company’s website highlights its role as a steel distributor, offering engineering solutions and a wide range of products including sections, bars, and processing services. It emphasizes fast turnaround times, competitive pricing, and a commitment to quality, even boasting an accredited processing center. The site also mentions partnerships with All Steels Trading Group and other associated companies, suggesting a broader network.

Financially, Steelstock Services (Midlands) Ltd’s recent performance presents a mixed picture. While revenue remained stable, net assets decreased by 26% to £420,000. Bank borrowings remained steady at £1.1 million, and cash reserves fell 11% to £3600. Interestingly, creditors decreased by 18%, which could suggest improved debt management. The company’s large size (meeting two of three criteria for a large company) and the significant drop in equity, however, warrants closer scrutiny. The lack of auditor information, common for companies of this size, means the figures are unaudited.

Overall, Steelstock Services (Midlands) Ltd appears to be a well-established company facing some financial pressures. The company's focus on quality and customer service, along with its strong industry partnerships, positions it for continued success, but the recent equity decline needs to be monitored.

Registered in England/Wales under the registration number 06582155, with a registered address at YO7 3BT, England, Thirsk, Vulcan House, York Road.

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