Whitehead Alloys Limited

Whitehead Alloys Ltd, based in Cleveland, UK, is a large, active company established 44 years ago. With 18 employees and £6,932,597 in assets, it generates a yearly revenue of £18,635,066. The company, managed by five directors and lacking any declared owners, maintains a perfect 5.0 Google rating based on three reviews. It’s a regular exporter of aluminum and aluminum products, with recent activity recorded in October 2023.

The company operates within the aluminium production industries, specializing in the reclamation of alloys from scrap. While its core business focuses on this process, it’s unclear if it has any other ventures. The company's website doesn't offer much detail beyond this.

Financially, Whitehead Alloys Ltd presents a mixed picture. Current assets decreased by 12%, dropping to £6,900,000, while net assets also declined by 15%, settling at £5,400,000. Bank borrowings increased significantly, surging by 100% to £160,000, and cash reserves grew by 96%, reaching £2,200,000. Creditors, however, decreased by 11%, suggesting improved debt management. The company meets the criteria for a large company, having met two out of three conditions: turnover over £36 million and balance sheet total over £18 million.

The company’s financial statements were audited by Anderson Barrowcliff LLP. While the increase in cash reserves is encouraging, the decrease in net assets and the rise in bank borrowings indicate potential financial pressures. The lack of owners declared in the report is unusual, but it's likely that one of the directors holds a significant stake. Overall, Whitehead Alloys Ltd appears to be a well-established business facing typical challenges in a competitive market, and the financial numbers suggest a need for careful monitoring.

Registered in England/Wales under the registration number 01518503, with a registered address at TS2 1LW, Cleveland, Buck Street, Middlesbrough.

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