Tubetrade Plc

Tubetrade Plc from London UK: a large company, holding company, active status, founded 37 years ago, employing 10 people, holding £9,082,551 in assets, operating from a virtual address, managed by six directors, and owned by one individual, boasts a perfect 5.0 Google rating based on two reviews. The company regularly imports and exports iron or steel products, with 171 months of import activity and 11 months of export activity recorded.

Tubetrade Plc is a major importer and distributor of steel tube and fittings, carrying extensive stocks to meet customer requirements. Based in the Midlands, close to the motorway network, it readily supplies the whole of the UK. Its website highlights a wide range of products, including gas, water, and API line pipes, fittings, and safety equipment. It seems like the company is really focused on providing a comprehensive selection for various industrial applications.

Financially, Tubetrade Plc presents a mixed picture. While cash reserves increased significantly by 1100% to £640,000, net losses deepened to -£89,000. Bank borrowings have vanished completely, a positive sign, but trade debtors have decreased by 26%, which could indicate a slowdown in customer payments. Creditors have also fallen, suggesting better debt management. The company’s large size (meeting two of three conditions for turnover over £36 million, balance sheet over £18 million, and over 250 employees) is a strength, but the increased losses need to be watched. The company is audited by Cottons Accountants LLP.

Overall, Tubetrade Plc appears to be a stable, established business, but the recent financial results suggest it’s facing some challenges. The company’s focus on steel distribution and its wide product range position it well in the market, but managing its financial performance will be key to its long-term success.

Registered in England/Wales under the registration number 02187492, with a registered address at EC2M 5PS, London, Salisbury House, London Wall.

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