Union Steel Products Limited

Union Steel Products Ltd, based in Kidderminster, UK, is a small, holding company with an active status. Established 31 years ago in 1994, it employs just two people and holds assets valued at £812,377. The company has a real registered address and is overseen by two directors and one owner. It’s a regular importer of iron and steel, with 23 months of import activity recorded, the latest in February 2025, but an irregular exporter, with only one month of export activity in December 2021.

The company's website reveals it's the UK’s largest stockholder of electrical steel, catering specifically to the power transformer market. Following the closure of ORB Electrical Steels, Union Steel Products positions itself as a trusted supplier, offering competitive pricing and fast lead times. They stock over 500,000kgs of steel and work with European manufacturers, providing both coil and sheet forms, even offering cutcore laminations through GDS Laminations. The website highlights their ability to supply steel in various grades and sizes, emphasizing their expertise and relationships within the industry.

Financially, Union Steel Products Ltd shows some concerning trends. Current assets have decreased by 16% to £810,000, while net assets have fallen 4.5% to £610,000. Bank borrowings remained stable, but cash reserves dropped 16% to £220,000. Trade debtors increased by 10%, suggesting potential delays in customer payments. Creditors decreased by 38%, which could indicate improved debt management, but the overall picture suggests a company facing some financial pressure. The company is exempt from an audit as a small company, and the figures are unaudited.

Despite these challenges, Union Steel Products Ltd appears to be a resilient player in a specialized market, capitalizing on the closure of a competitor and leveraging its established relationships. The company’s ability to adapt and maintain its position will be key to its long-term success.

Registered in England/Wales under the registration number 02911843, with a registered address at DY11 7RA, United Kingdom, Kidderminster, Worcestershire, Unit 9 Acorn Enterprise Centre, Hoo Farm Industrial Estate.

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