Firth Steels Limited
01715793
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Last accounts
31/07/2024
full
Next accounts due
31/07/2026
Confirmation statement
Last: 02/01/2026
Due 16/01/2027
Industry
Officers
director · Since 15/02/1992
STEEL MERCHANT
BRITISH · UNITED KINGDOM · Age 82
Also on 4 other boards
director · Since 18/05/2011
PRODUCTION DIRECTOR
BRITISH · ENGLAND · Age 57
Also on 5 other boards
director · Since 18/05/2011
MANAGING DIRECTOR
BRITISH · UNITED KINGDOM · Age 52
Also on 9 other boards
Persons with Significant Control
Mr James Tennant Firth
British · United Kingdom · Age 52
Calderbank, River Street, Brighouse, HD6 1LU
Notified 06/04/2016
Mrs Lucy Victoria Hill
British · United Kingdom · Age 54
Calderbank, River Street, Brighouse, HD6 1LU
Notified 13/11/2023
Former PSCs
Mr Roger Tennant Firth
Ceased 31/07/2017
Charges3 outstanding
NATIONAL WESTMINSTER BANK PLC AS SECURITY AGENT FOR THE SECURED PARTIES
NATIONAL WESTMINSTER BANK PLC
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LOMBARD NORTH CENTRAL PLC
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC
LOMBARD NORTH CENTRAL PLC
LOMBARD NORTH CENTRAL PLC
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 15+ SIC 24330 peers69
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/07/2024
Turnover
£32.2M
Annual revenue
Net Worth
£19.1M
Balance sheet strength
Cash
£2.1M
Cash in the bank
Profit Before Tax
£1.3M
Bottom line earnings
Net Current Assets
£9.8M
Working capital
Current Assets
£15.9M
Current Liabilities
£6.1M
Fixed Assets
£13.7M
Debtors
£9.1M
Cost of Sales
£26.3M
Gross Profit
£5.9M
Admin Expenses
£5.3M
Operating Profit
£1.1M
Profit After Tax
£909k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 2.59 | +£2.1M |
| 2022 | 1.45 | +£83k |
| 2021 | 1.28 | +£3.3M |
| 2020 | 1.40 | +£462k |
| 2019 | 1.74 | +£1.1M |
| 2018 | 1.44 | — |
Derived from filed accounts. Not audited figures.