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K Steels Limited

02284684

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)

Details

JUBILEE WORKS, RAWTENSTALL, BB4 6JF
Incorporated 05/08/1988

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46720
Wholesale of metals and metal ores

Officers

Ms Louise Kewley

director · Since 01/09/2020

DIRECTOR

BRITISH · ENGLAND · Age 57

Mr Simon Mcguinness

director · Since 14/05/2025

ACCOUNTANT

BRITISH · ENGLAND · Age 42

Also on 2 other boards

Persons with Significant Control

Former PSCs

Mr Stephen Kay

Ceased 17/04/2026

Charges0 outstanding

charge
satisfied

MIDLAND BANK PLC

Created 05/02/1998Registered 06/02/1998Satisfied 30/07/2011
charge
satisfied

MIDLAND BANK PLC

Created 16/12/1997Registered 18/12/1997Satisfied 07/05/1998
charge
satisfied

MIDLAND BANK PLC

Created 09/11/1993Registered 19/11/1993Satisfied 31/12/1994

CompanyRankvs 13+ SIC 46720 peers
79

Financial strength94th percentile among SIC peers · 24/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.11× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength24/25 pts

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

Employees15/15 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

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

Key FinancialsYear ending 30/09/2024

Net Worth

£4.0M

Balance sheet strength

Cash

£2.7M

Cash in the bank

Profit Before Tax

-£201k

Bottom line earnings

Net Current Assets

£3.3M

Working capital

Current Assets

£6.4M

Current Liabilities

£3.0M

Fixed Assets

£923k

Debtors

£1.9M

Cost of Sales

£8.5M

Admin Expenses

£2.5M

Profit After Tax

-£145k

41avg. employees+2

Tax at Year End

Corp tax£0
Dividends paid£31k

People Costs

Wages & salaries£1.1M

Balance Sheet

Assets less current liabilities£4.3M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20242.11-£176k
20232.18+£138k
20221.76+£632k
20211.71+£673k
20201.97-£49k
20191.94—

Derived from filed accounts. Not audited figures.