Step Up Scaffolding (uk) Limited

Step Up Scaffolding (uk) Limited, based in Gateshead, UK, is a small, active company established nine years ago. With five employees and £748,815 in assets, it operates from a real address and is managed by one director and owner. The company runs an e-commerce site and enjoys a perfect 5.0 Google rating based on two reviews. It regularly imports iron or steel products, with the last import operation occurring seven months ago.

The company specializes in the wholesale of other machinery and equipment, offering a wide range of scaffolding products, including RingLock, Cuplock, and Octo systems. Its website showcases a comprehensive inventory, from standards and ledgers to storage racks and accessories. It also provides financing options and expert design services, catering to both new projects and existing package requirements. Notably, Step Up Scaffolding emphasizes NASC-verified products and maintains a large inventory within its 76,000 sqm warehouse, enabling one-day deliveries across the UK and serving business partners on the continent.

Financially, Step Up Scaffolding’s numbers present a mixed picture. Accumulated depreciation impairment for property, plant, and equipment increased by 6.5%, while amounts owed by related parties remained unchanged. However, average employee numbers plummeted by 100%, and cash bank holdings vanished entirely. Creditors rose by 9.3%, and net current assets liabilities increased by 8.2%. Despite these challenges, the company’s small size—meeting two of three criteria for a small company—allows for agility. The lack of an auditor mentioned suggests the company is exempt, relying on unaudited statements.

While the company's turnover and assets are respectable, the significant drop in cash reserves and employee numbers raise concerns about its financial health. It’s possible that Step Up Scaffolding is investing heavily in its inventory or facing temporary cash flow issues. The company’s reliance on its large warehouse and efficient delivery system will be crucial for navigating these challenges and maintaining its position in the scaffolding industry.

Registered in England/Wales under the registration number 10102545, with a registered address at NE11 9SY, United Kingdom, Gateshead, Tyne And Wear, Unit 15 Bankside, The Watermark.

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