Wed, 04 Mar 2026 | BUSINESS SALE
A steel processing business based in Staffordshire has been acquired out of administration. Burntwood-based Offshore Stainless Supplies Limited serves industries including the offshore, energy, marine and industrial sectors.
The company is a manufacturer and stockholder of cold draw stainless steel, duplex, super duplex and nickel alloy bars. One of the world’s largest stockholders and processors of stainless-steel sheet and plate, the firm operates from a head office and distribution facility Burntwood, as well as a manufacturing site in Brownhills.
Despite its market leading position, the company had experienced a period of reduced trading that led to significant cashflow pressures, ultimately impacting its ability to continue trading solvently.
In the year to December 31 2023, the company reported turnover of £21.6 million, down from £24.6 million a year earlier, while operating profits fell sharply from £6.3 million to £1.3 million. Despite the drop, directors said that they were pleased to have recorded a profit, with 2022 described as being an “exceptional year” for the firm.
As a result of its recent financial issues, the company’s directors took steps to put the business into administration, with Rick Harrison and James Clark of Interpath Advisory appointed as joint administrators on March 3 2026.
Upon their appointment, the joint administrators completed a sale of Offshore’s business and assets to Offshore Stainless and Alloys, a newly formed subsidiary of Langley Alloys Holdings. The deal sees all 29 employees at the firm transfer to the buyer.
Langley Alloys Chief Executive Chris Halliday said that the deal was “an acquisition that further underpins our growth ambitions”, describing Offshore Stainless Supplies as a business with “an excellent reputation and product range that complements our own”.
Halliday added that the acquisition would strengthen Langley’s position in the offshore, energy and industrial markets and enable the firm to provide customers with an even broader offering.
Rick Harrison, Managing Director at Interpath and joint administrator of Offshore Stainless Supplies, said: "Securing this transaction provides important continuity for customers, suppliers and employees alike. The business has a long heritage in the specialist metals sector, and we are pleased to have preserved its operations and safeguarded all jobs.”
"The sale to Langley Alloys provides a stable platform from which the company can move forward and continue serving its markets."
In its 2023 accounts, Offshore Stainless Supplies’ fixed assets were valued at £2.7 million and current assets at £25.6 million, with net assets amounting to approximately £13.6 million.
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