The Metal Ring Company Limited

The Metal Ring Company Ltd from Millom UK is a small, holding company with an active status, having been founded 73 years ago in 1951. The company employs 21 people and holds assets valued at £1,224,909. It operates from a real address and is overseen by three directors and one owner. A regular importer of iron or steel products for 19 months, and a regular exporter for 24 months, the company’s activities are clearly focused on the metals trade.

The Metal Ring Company Ltd’s website is not available, which makes it difficult to determine if the company operates an e-commerce platform or relies solely on business-to-business transactions.

Financial data reveals a mixed picture. While current assets increased by 14% to £1,200,000, net assets only increased slightly to £990,000. Bank borrowings increased by 6.5% to £33,000, and cash reserves grew by a significant 96% to £380,000. Creditors also increased by 14% to £390,000, suggesting increased reliance on credit. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in creditors warrants monitoring. No auditor is mentioned, which is typical for a small, exempt company.

The company's core business involves the cold rolling of narrow strip, the cold forming or folding, the forging, pressing, stamping and roll-forming of metal; powder metallurgy, the manufacture of light metal packaging industries. It is a steady operation, but the increase in creditors is something to keep an eye on.

Registered in England/Wales under the registration number 00500963, with a registered address at LA18 4JT, England, Millom, The Metal Ring Company Limited, Borwick Rails.

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