Sterling Machining Limited

Sterling Machining Ltd, based in Chesterfield, UK, is a small, active holding company established 23 years ago. With 40 employees and £2,576,095 in assets, it’s a well-established player in its sector. The company operates from a real address and is overseen by three directors and one owner. It regularly imports iron and steel (5 months) and exports machinery, boilers, and mechanical appliances (49 months), showcasing a dual focus on sourcing materials and distributing finished products.

The company’s website highlights its specialization in CNC machining, offering services like extrusion tooling, subcontract machining, and valve stem production. It caters to various industries, including the metal extrusion sector, and emphasizes experience, knowledge, and quality. The website also mentions plant machinery sales and a commitment to providing competitive prices. They even have a blog with news and updates.

Financially, Sterling Machining Ltd presents a mixed picture. While current assets increased by 21% to £2,600,000, cash bank on hand took a significant hit, decreasing by 59% to £270,000. Debtors have risen dramatically, increasing by 71% to £1,900,000, which could indicate growth but also potential challenges in collecting payments. Creditors also increased by 27%, and future minimum lease payments have jumped a staggering 350%. Despite these pressures, retained earnings remained steady at £1,700,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decline in cash reserves warrants attention. No auditor is mentioned, reflecting the company’s exemption as a small entity. It seems like they are doing well, but they need to keep an eye on their cash flow.

Registered in England/Wales under the registration number 04290064, with a registered address at S43 3PG, Chesterfield, Derbyshire, 21 Crompton Road, Speedwell Industrial Estate Staveley.

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