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Steelmasters Limited

01896247

active
ltd
england wales
Companies House
Health Score
66 / 100

Some Concerns

30/30
Filing
0/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

Trafalgar Trafalgar Business Park, Rashs Green, Dereham, NR19 1JG
Incorporated 18/03/1985

Previously known as

Waveney Steels Limited · until 08/02/1993

Compliance

Last accounts

31/03/2025

full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 31/12/2025

Due 14/01/2027

On track

Industry

46720
Wholesale of metals and metal ores

Officers

Mr Andrew Walter Scales

director · Since 31/12/1991

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 74

Also on 4 other boards

Benjamin George Watson

director · Since 01/04/2012

DIRECTOR

BRITISH · ENGLAND · Age 51

Also on 1 other board

Andrew Walter Scales

director

British · England · Age 74

Benjamin George Watson

director · Since 01/04/2012

British · England · Age 51

Former

Dale Philip Goreham

director · Resigned 05/10/1998

Brian Alfred Turner

director · Resigned 18/02/2000

Brian Alfred Turner

secretary · Resigned 18/02/2000

Lindsey Margaret Paterson Scales

director · Resigned 20/12/2001

Lindsey Margaret Paterson Scales

secretary · Resigned 01/09/2018

Persons with Significant Control

Mr Andrew Walter Scales

50–75% shares
50–75% votes

British · England · Age 74

Trafalgar Trafalgar Business Park, Rashs Green, Dereham, NR19 1JG

Notified 06/04/2016

Scws (Holdings) Limited

75–100% shares
75–100% votes

Abbotsgate House, Hollow Road, Bury St. Edmunds, IP32 7FA

Reg: 01794582 · England And Wales · Limited Company

Notified 06/04/2016

Charges2 outstanding

charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 06/09/1996Registered 13/09/1996
charge
satisfied

BARCLAYS BANK PLC

Created 23/06/1993Registered 12/07/1993Satisfied 10/09/1996
charge
outstanding

S.C.W.S. (HOLDINGS LIMITED)

Created 22/07/1992Registered 28/07/1992
charge
satisfied

BARCLAYS BANK PLC

Created 05/12/1988Registered 12/12/1988Satisfied 10/09/1996

Change History

statusactive
2026-06-13

Active

typeltd
2026-06-13

Private Limited Company

address line1Trafalgar Trafalgar Business Park
2026-06-13

TRAFALGAR TRAFALGAR BUSINESS PARK

post townDereham
2026-06-13

DEREHAM

officer appointedSCALES, Andrew Walter
2026-06-13
officer appointedWATSON, Benjamin George
2026-06-13

CompanyRankvs 146+ SIC 46720 peers
61

Financial strength79th percentile among SIC peers · 20/25
Employees73th percentile among SIC peers · 11/15
LiquidityCurrent ratio 59.99× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength20/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees11/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

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 31/03/2025

Turnover

£449k

Annual revenue

Net Worth

£512k

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

£512k

Working capital

Current Assets

£521k

Current Liabilities

£9k

Debtors

£518k

Cost of Sales

£394k

Gross Profit

£55k

Admin Expenses

£62k

Operating Profit

-£36k

Profit After Tax

-£36k

3avg. employees-1

Tax at Year End(2024)

Corp tax£7k

Balance Sheet

Assets less current liabilities£512k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
202559.99-£36k
20245.21

Derived from filed accounts. Not audited figures.