Sterling Safetywear Limited

Sterling Safetywear Ltd, based in Rushden, UK, is a small holding company with an active status. Established 27 years ago in 1998, it employs 39 people and holds substantial assets of £36,988,218. The company has seven directors and two owners, operating from a real address in Northamptonshire. It’s a regular importer and exporter of footwear and related items, with 191 months of import activity and 48 months of export activity recorded, the latest in June 2024.

The company’s website, Sterling Safetywear, clearly focuses on distribution of safety footwear and workwear. It’s a trade-focused site, with a login for customers and a section to find a stockist. The site highlights Apache, a brand that creates stylish and technical workwear, and emphasizes the company’s commitment to quality and affordability. It also lists various brands it distributes, catering to sectors like heavy industry, construction, and airport security. The website uses cookies to ensure the best experience, and has a cookie policy for users to read.

Financially, Sterling Safetywear Ltd demonstrates a mixed picture. While cash bank on hand remained stable at £14 million, accrued liabilities increased significantly to £520,000. Debtors have risen by a substantial 27%, reaching £16 million, which could indicate growth but also potential collection challenges. Equity grew by 14% to £29 million, a positive sign, but loans from directors decreased by 46%, dropping to £2.5 million. The company’s small size—meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—allows for agility, however the increase in liabilities is something to keep an eye on. No auditor is mentioned, which is common for small companies.

Overall, Sterling Safetywear Ltd appears to be a stable, albeit growing, business. The company’s focus on quality and distribution, combined with a strong online presence, positions it well in the safety footwear market. However, the increase in liabilities suggests a need for careful financial management.

Registered in England/Wales under the registration number 03495208, with a registered address at NN10 6PP, Rushden, Northamptonshire, Crown House, 310 Wellingborough Road.

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