Usp Steels Limited

USP Steels Ltd, based in Dudley, UK, is a sizable company with an active status, having been established eight years ago in 2016. The firm employs 40 people and boasts substantial assets of £64,457,549, generating an annual revenue of £115,766,350. It operates as a holding company and is managed by four directors and one owner. A 4.0 Google rating from four reviews suggests a generally positive customer experience. The company regularly imports iron and steel, with 180 months of import activity recorded, the latest in January 2025.

USP Steels is a steel stockholder and distributor, with a focus on providing a wide range of steel products and services. Its website highlights a brand-new, 4-acre facility, including a 50,000 square foot distribution centre, and emphasizes its commitment to quality, service, and innovation. The company caters to various sectors, including construction, transport, and packaging, and prides itself on its processing capabilities and customer-focused approach. The website even features a 3D interactive space, allowing potential clients to explore the facility virtually.

Financially, USP Steels shows a mixed picture. While current assets remain strong at £64 million, a significant increase in bank borrowings – a 110% rise to £21 million – indicates a reliance on external funding. Cash reserves have decreased by 43%, falling to £52,000, and net losses deepened to -£470,000. However, creditors decreased by 11%, suggesting better debt management. The company meets the criteria to be considered a large company, with turnover exceeding £36 million and balance sheet totals over £18 million. The absence of a named auditor suggests the company is exempt from an audit, relying on unaudited financial statements.

The increase in bank borrowings and the deepening of net losses could be attributed to investments in the new facility or increased competition within the steel market. However, the strong asset base and revenue generation suggest that USP Steels remains a viable and substantial player in the industry, and the company's focus on innovation and customer service positions it well for future growth.

Registered in England/Wales under the registration number 10437761, with a registered address at DY6 8XF, England, Dudley, West Midlands, Gibbons Industrial Park Dudley Road, Kingswinford.

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