Megasteel Ltd
02665353
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/10/2025
medium
Next accounts due
31/07/2027
Confirmation statement
Last: 22/11/2025
Due 06/12/2026
Industry
Officers
secretary · Since 22/11/1991
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 65
Also on 15 other boards
director · Since 22/11/1991
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 65
Also on 15 other boards
director · Since 01/12/1998
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 50
Also on 1 other board
director · Since 26/07/2023
DIRECTOR
BRITISH · ENGLAND · Age 28
Also on 2 other boards
director · Since 26/07/2023
DIRECTOR
BRITISH · ENGLAND · Age 26
Also on 2 other boards
director · Since 26/07/2023
DIRECTOR
BRITISH · UNITED KINGDOM · Age 26
Also on 2 other boards
Persons with Significant Control
Engineering Acquisitions Limited
Rodbourne Rail Business Centre, Grange Lane, Malmesbury, SN16 0ES
Reg: 15056975 · England & Wales · Limited Company
Notified 17/09/2023
Former PSCs
Mr Nigel Graham Roberts
Ceased 17/09/2023
Mrs Bella Balvinder Roberts
Ceased 17/09/2023
Charges2 outstanding
BANK OF SCOTLAND PLC
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BANK OF SCOTLAND PLC
CompanyRankvs 41+ SIC 46720 peers67
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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 concern are d
Key FinancialsYear ending 31/10/2025
Turnover
£11.4M
Annual revenue
Net Worth
£16.9M
Balance sheet strength
Cash
£5.1M
Cash in the bank
Profit Before Tax
£1.0M
Bottom line earnings
Net Current Assets
£11.8M
Working capital
Current Assets
£14.7M
Current Liabilities
£3.0M
Fixed Assets
£5.1M
Debtors
£7.6M
Cost of Sales
£9.4M
Gross Profit
£2.0M
Admin Expenses
£1.1M
Operating Profit
£825k
Profit After Tax
£728k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 4.99 | +£728k |
| 2024 | 2.93 | — |
| 2023 | 3.68 | — |
Derived from filed accounts. Not audited figures.