Uk Steel Stock Limited

Uk Steel Stock Ltd, based in Thirsk, UK, is a holding company with an active status, established three years ago. Employing just seven people, the company holds assets worth £9,892,560 and generates a substantial £41,269,893 in revenue annually. It operates from a real address and is overseen by one director and one owner, boasting a solid Google rating of 4.0 based on 17 reviews. The company is an irregular importer of iron and steel, with recent activity recorded in August 2024.

The company’s website, steelstockservices.co.uk, showcases its role as a steel distributor, offering a wide range of products and services including engineering solutions, quality steel, and accredited mill sourcing. They emphasize fast turnaround times, extensive stock availability (4500 tonnes), and competitive pricing. The site also highlights their association with the All Steels Trading Group, showcasing a network of related businesses including Steelstock Services Midlands Ltd. The company’s focus is on providing comprehensive steel solutions for the engineering and construction sectors across the UK.

Financially, Uk Steel Stock Ltd presents a mixed picture. While revenue increased slightly to £41,269,893, net assets decreased significantly by 71%, falling to £2,900,000. Bank borrowings have dramatically reduced by 92%, dropping to £330,000—a positive sign. However, cash reserves have also declined by 50%, leaving just £490,000. Creditors have increased by 35%, suggesting potentially tighter payment terms with suppliers. The company is classified as a large company, meeting two of three criteria: turnover exceeding £36 million and balance sheet total exceeding £18 million. The lack of an auditor mentioned suggests the company is exempt from an audit.

Overall, Uk Steel Stock Ltd appears to be navigating a period of financial adjustment. The company's strong revenue generation and wide product range are positives, but the decrease in net assets and cash reserves warrants close monitoring. The company's association with the larger All Steels Trading Group may provide stability and access to resources, but its long-term financial health will depend on maintaining its competitive edge and managing its debt effectively.

Registered in England/Wales under the registration number 13756536, with a registered address at YO7 3BX, England, Thirsk, North Yorkshire, First Floor, Hurstwood Business Centre, York Road.

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