Uss Limited

Uss Limited, based in Halesowen, UK, is a sizable company with a 24-year history, currently employing 20 people. Holding a substantial £22,778,000 in assets and generating £37,712,000 in yearly revenue, it operates as a holding company with an active status. The business is overseen by six directors and has one owner, Weaver Investments Ltd. Notably, Uss Limited functions as an irregular importer of electrical machinery and equipment, with the last import operation occurring two months ago.

The company's website paints a picture of a global steel coil supplier, specializing in steel slitting services. It caters to a diverse range of industries, including construction, cable management, and automotive, offering galvanised, cold rolled, and hot rolled steel products. The website highlights its ability to tap into global markets and react quickly to changing conditions, offering competitive solutions. It’s clear that Uss Limited operates primarily as a business-to-business supplier, rather than a direct-to-consumer retailer.

Financially, Uss Limited’s report shows some concerning trends. While cash reserves increased significantly by 340% to £7,600,000, current assets decreased by 22% to £23,000,000. Trade debtors have fallen by a substantial 46%, dropping to £6,900,000, which could indicate difficulties in collecting payments. Perhaps more worrying is the 71% drop in net profit, which has fallen to £430,000. Bank borrowings have also increased, suggesting the company is relying more on external financing. The company’s auditors, Saxon & Co Accountants Ltd, have issued an unqualified opinion on the financial statements. The company’s small size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and fewer than 250 employees) helps it stay agile, but the sharp equity drop raises questions. It seems that Uss Limited is navigating a period of change, adapting to market forces and managing its financial resources accordingly.

Registered in England/Wales under the registration number 04045212, with a registered address at B63 3JP, England, Halesowen, West Midlands, Mill Lane, Mill Lane.

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