Steelway Fensecure Limited

Steelway Fensecure Ltd, based in Wolverhampton, UK, is a sizable company with an active status, having been founded 25 years ago in 1999. Employing 159 people, the company holds £7,790,763 in assets and operates from a real address, with four directors and one owner overseeing operations. Google users rate it 3.0 based on 14 reviews. The company regularly exports iron or steel products, with 11 months of export activity recorded, the last in July 2022.

Steelway Fensecure is a core brand within the Northern Industries group, specializing in steel fabrication and installation. Their website highlights expertise in industrial access metalwork, architectural steelwork, bespoke fabrications, and heritage metalwork. They also have divisions focusing on security fencing and access covers, catering to diverse markets including utilities and commercial sectors. The company emphasizes a full-service approach, from survey to installation, and boasts a skilled workforce.

Financially, Steelway Fensecure shows mixed trends. While administrative expenses increased significantly by 83%, to £7.2 million, cash bank on hand decreased by 39% to £79,000. Bank borrowings also declined by 18% to £160,000. However, net assets increased by 15% to £1.3 million, and current assets grew by 22% to £7.8 million, suggesting improved liquidity. Director remuneration increased by 25%, to £350,000. The company’s size (meeting two of three criteria for a large company) allows for flexibility, but the rise in expenses warrants closer scrutiny. The company’s financial statements were audited by TC Group.

The company’s focus on specialized steelwork and its broader group affiliation provide a solid foundation, but the financial data indicates a need to manage expenses effectively to ensure long-term sustainability.

Registered in England/Wales under the registration number 03872973, with a registered address at WV2 2NJ, Wolverhampton, West Midlands, Queensgate Works, Bilston Road.

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