The Metallic Wool Co. Limited

The Metallic Wool Co. Limited, based in Gillingham, Kent, is a small, active company with a long history, having been founded 38 years ago in 2026. It employs 10 people and holds assets valued at £361,714. The company operates from a real address and is led by a single director, although no owners are currently listed. It has a Google rating of 1.0 based on one review. The company is an irregular importer, primarily dealing in copper and copper products, with the last import operation recorded in January 2024.

The Metallic Wool Co. specializes in steel wool and non-ferrous wools, offering a wide range of products from rolls and pads to floor preparation materials and specialized items like steel shavings for silver recovery. Its website highlights a shift towards online sales, with a dedicated online shop catering to smaller users. The company’s history stretches back decades, supplying steel wool and associated products to leading companies and distributors. It also offers custom label and plain packaged products, demonstrating an ability to adapt to customer needs.

Financially, the company shows some concerning trends. Current assets have decreased by 20%, dropping to £360,000, while bank borrowings have increased. Creditors have significantly reduced, a positive sign, but cash reserves have also declined. The company’s equity, however, has increased by 19%, reaching £310,000. The decrease in debtors is a good sign, suggesting better collection practices. Despite the small size (meeting two of three conditions for being considered small), the decline in current assets and the increase in bank borrowings suggest the company may be facing some financial pressure. As a small company, it is exempt from an audit, so the financial data is unaudited.

Overall, The Metallic Wool Co. Limited appears to be a long-standing business navigating a changing market. While its history and customer service are strengths, the recent financial trends warrant close attention.

Registered in England/Wales under the registration number 02085672, with a registered address at ME8 6PL, Kent, Bredgar Road, Gillingham.

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