Frixos Metal Works Limited

Frixos Metal Works Ltd, based in London UK, is a sizable company with a 40-year history, currently employing 90 people. Holding £7,978,946 in assets and generating £20,600,284 in yearly revenue, it operates as a holding company with an active status. Despite its substantial size, the company uses a virtual address, a point of concern given that 1977 other companies are registered at the same location. The business is managed by three directors and has one owner, though the owner list was updated two years ago. Google reviews are stellar, boasting a 5.0 rating based on two reviews.

The company specializes in structural steelwork and architectural metalwork, providing services throughout the UK. It's a privately owned metal works company, with a focus on quality and craftsmanship. The website highlights its facilities, accreditations, and policies, showcasing a commitment to excellence. It also offers design consultancy, installation services, and a selection of projects.

Financially, Frixos Metal Works Ltd presents a mixed picture. While turnover remained stable, net assets increased by a modest 3.5% to £3,100,000. However, bank borrowings decreased significantly, dropping 21% to £620,000. Cash and bank balances saw a substantial increase of 84%, reaching £3,400,000. Creditors decreased slightly, suggesting improved debt management. The company’s size—meeting two of three criteria for a large company—allows it to maintain a competitive edge. A significant increase in administrative expenses by 18% to £2,700,000, and a rise in company contributions to money purchase plans by 29000% to £83,000, are points to note. The company’s auditor is AGK Partners.

Overall, Frixos Metal Works Ltd appears to be financially stable, though the virtual address and rising administrative costs warrant further investigation. The company's long history and positive reputation suggest a resilient business model, but it's important to monitor its financial performance closely in the coming years.

Registered in England/Wales under the registration number 01897980, with a registered address at EN3 4LE, United Kingdom, London, Unit 32 Redburn Industrial Estate Woodall Road, Enfield.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.