Summercliff Limited

Summercliff Ltd from Cradley Heath, UK, is a small, active company founded 47 years ago, boasting 17 employees and £1,692,013 in assets. It operates from a virtual address and is managed by two directors and two owners. The company regularly imports and exports iron and steel—eight months of imports and six months of exports—a testament to its established presence in the industry.

Summercliff Ltd describes itself as a stockholder and processor of carbon and alloy steel, serving customers worldwide. Its website details a comprehensive range of services, from stockholding and cutting to forging and machining. It's clear that the company is focused on providing steel solutions to the engineering sector, with a particular emphasis on quality and customer service. They even have a warehouse space of over 50,000 sqft and full processing facilities.

Financially, Summercliff Ltd’s report reveals some interesting trends. While cash bank on hand increased by 11% to £460,000, current assets dropped by 9.3% to £1,700,000. Debtors decreased by 12% to £960,000, which could indicate improved collection efforts. However, creditors also fell by 25% to £550,000. The company’s net assets grew by 11% to £1,700,000, a positive sign. Employee numbers increased by 24% to 21, which could be linked to increased demand or expansion of services. The company's equity grew by 11% to £1,700,000.

The company is classified as a small entity, meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it is exempt from an audit, so the figures are unaudited. The increase in employees, despite the drop in current assets, suggests the company is investing in its operations—although the reasons behind the asset decline remain unclear.

Registered in England/Wales under the registration number 01328344, with a registered address at B64 7BG, England, Cradley Heath, 13 Stourdale Road.

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