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W.G.R. (Steels) Limited

02276788

active
Private Limited Company
england wales
Companies House
Health Score
77 / 100

Some Concerns

25/30
Filing
20/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • 4 outstanding charges (-8)

Details

COCHRANES WHARF, MIDDLESBOROUGH, TS3 6AW
Incorporated 13/07/1988

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 29/08/2025

Due 12/09/2026

On track

Industry

46720
Wholesale of metals and metal ores

Officers

Richard William Readman

director · Since 07/09/1991

DIRECTOR OF COMPANY

BRITISH · UNITED KINGDOM · Age 65

Also on 5 other boards

Wayne Ashton Britton

secretary · Since 31/12/2013

BRITISH

Also on 1 other board

Wayne Ashton Britton

director · Since 31/12/2013

DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 1 other board

Persons with Significant Control

Richard William Readman

75–100% shares
75–100% votes
Appoint directors

British · United Kingdom · Age 65

32, Leven Cottage, Yarm, TS15 0JP

Notified 06/04/2016

Charges4 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 13/05/2021Registered 27/05/2021
charge
outstanding

BARCLAYS BANK PLC

Created 17/01/2006Registered 21/01/2006
charge
satisfied

PALSA SA

Created 26/11/2002Registered 29/11/2002Satisfied 07/01/2005
charge
outstanding

BARCLAYS BANK PLC

Created 24/05/2001Registered 01/06/2001
charge
outstanding

BARCLAYS BANK PLC

Created 06/04/2001Registered 18/04/2001
charge
satisfied

LLOYDS BOWMAKER LIMITED

Created 11/03/1996Registered 13/03/1996Satisfied 07/06/2001
charge
satisfied

PALSA HOLDINGS LIMITED

Created 16/03/1990Registered 26/03/1990Satisfied 29/05/1993
charge
satisfied

PALSA S.A.

Created 16/03/1990Registered 26/03/1990Satisfied 29/05/1993
charge
satisfied

LLOYDS BANK PLC

Created 16/03/1990Registered 24/03/1990Satisfied 07/06/2001
charge
satisfied

LLOYDS BANK PLC

Created 16/03/1990Registered 20/03/1990Satisfied 07/06/2001

CompanyRankvs 227+ SIC 46720 peers
67

Financial strength91th percentile among SIC peers · 23/25
Employees24th percentile among SIC peers · 4/15
LiquidityCurrent ratio 2.32× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
1Firth Steels Limited
90
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90
3F & B Profiles Limited
90
4Hill Steels Limited
90
5Ensen Limited
90
6Avon Metals Limited
90
7Optima Stainless Limited
90
8William Twigg (Matlock) Limited
89
9Ellis Steel Group Limited
89
10Roy Hatfield Limited
89
227W.G.R. (Steels) Limited
77
How is this score calculated?
Financial strength23/25 pts

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

Employees4/15 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

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/03/2024

Net Worth

£2.6M

Balance sheet strength

Cash

£94k

Cash in the bank

Net Current Assets

£339k

Working capital

Current Assets

£596k

Current Liabilities

£257k

Fixed Assets

£2.9M

Debtors

£502k

0avg. employees

Tax at Year End

Corp tax£39k

Balance Sheet

Assets less current liabilities£3.2M
Prepared with Sage Accounts Production Advanced 2021 - FRS102_2021

EstimatesDerived

YearCurrent Ratio
20242.32

Derived from filed accounts. Not audited figures.