Yieldsteel Limited

Yieldsteel Ltd, based in London, UK, is a small, active company founded thirteen years ago in 2011. With just one employee and £173,139 in assets, it’s a solo founder operation managed by a single director and owner. The company operates from a virtual address – registered at a location shared by 504 other businesses – and is a regular importer of iron and steel, with 14 months of import activity recorded, the last in November 2024.

The company’s website, though currently redirecting, suggests a focus on wholesale metals and metal ores, operating within the broader industry. It's a small business, meeting two of three criteria for being classified as such: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Yieldsteel Ltd presents a mixed picture. Current assets have significantly decreased by 84%, dropping to £170,000, while net assets have fallen 63% to £20,000. Bank borrowings have surged by 150%, reaching £25,000, and cash reserves have plummeted 74%, leaving just £120,000. Creditors have also decreased, suggesting some improvements in debt management. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The sharp decline in assets and cash reserves, coupled with increased borrowings, indicates that Yieldsteel Ltd may be burning through money. Whether this is a temporary setback or a longer-term trend remains to be seen, but the company's small size and reliance on a single founder could make it vulnerable to economic pressures.

Registered in England/Wales under the registration number 07643085, with a registered address at E14 9NN, United Kingdom, London, C/O The Accountancy Partnership Suite 5, 5th Floor, City Reach, 5 Greenwich View Place.

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