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Marcegaglia (Uk) Limited

02677001

active
Private Limited Company
england wales
Companies House
Health Score
65 / 100

Some Concerns

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

Details

' NEW ROAD, DUDLEY, DY2 8TA
Incorporated 13/01/1992

Compliance

Last accounts

31/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 09/01/2026

Due 23/01/2027

On track

Industry

24200
Manufacture of tubes, pipes, hollow profiles and related fittings, of steel

Officers

Mr Antonio Marcegaglia

director · Since 02/07/1992

ENTERPENEUR

ITALIAN · ITALY · Age 62

Mrs Emma Marcegaglia

director · Since 14/10/2013

FINANCE MINISTER

ITALIAN · ITALY · Age 60

Mr Andrea Marco Costi

director · Since 21/11/2017

DIRECTOR

ITALIAN · ITALY · Age 62

Miss Matilde Verratti

secretary · Since 23/07/2018

Mr Nicholas William Haycock

director · Since 27/09/2022

DIRECTOR

BRITISH · ENGLAND · Age 42

Persons with Significant Control

Marcegaglia Carbon Steel Spa

75–100% shares
voting-rights-75-to-100-percent-as-firm
Appoint directors
significant-influence-or-control-as-firm

Marcegaglia Carbon Steel Spa, Via Bresciani 16, Mantova

Reg: Mn-255216 · Italy · Private Limited Company Based Italy

Notified 06/04/2016

Charges6 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 08/04/2024Registered 09/04/2024
Charge
outstanding

HSBC UK BANK PLC

Created 27/09/2021Registered 27/09/2021
Charge
outstanding

HSBC INVOICE FINANCE (UK) LIMITED

Created 03/11/2017Registered 03/11/2017
Charge
outstanding

HSBC BANK PLC

Created 20/04/2017Registered 26/04/2017
Charge
outstanding

HSBC BANK PLC

Created 25/09/2014Registered 25/09/2014
Charge
satisfied

HSBC BANK PLC

Created 25/09/2014Registered 25/09/2014Satisfied 16/04/2026
Charge
outstanding

HSBC INVOICE FINANCE (UK) LTD

Created 08/08/2014Registered 08/08/2014
charge
satisfied

HSBC ASSET FINANCE (UK) LIMITED & HSBC EQUIPMENT FINANCE (UK) LIMITED

Created 16/09/2003Registered 17/09/2003Satisfied 22/07/2014
charge
satisfied

MIDLAND BANK PLC

Created 10/02/1998Registered 14/02/1998Satisfied 22/07/2014
charge
satisfied

FORWARD TRUST LIMITED

Created 27/03/1997Registered 27/03/1997Satisfied 22/07/2014
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 26/09/1996Registered 02/10/1996Satisfied 30/06/2006
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 26/09/1996Registered 02/10/1996Satisfied 30/06/2006
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 26/09/1996Registered 02/10/1996Satisfied 30/06/2006
charge
satisfied

GRIFFIN FACTORS LIMITED

Created 07/08/1996Registered 10/08/1996Satisfied 03/06/2014
charge
satisfied

FORWARD TRUST LIMITED

Created 23/07/1996Registered 06/08/1996Satisfied 03/06/2014
charge
satisfied

FORWARD TRUST LIMITED

Created 02/08/1996Registered 05/08/1996Satisfied 03/06/2014
charge
satisfied

MIDLAND BANK PLC

Created 24/07/1996Registered 31/07/1996Satisfied 03/06/2014
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 15/07/1996Registered 30/07/1996Satisfied 30/06/2006
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 15/07/1996Registered 30/07/1996Satisfied 30/06/2006
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 15/07/1996Registered 30/07/1996Satisfied 30/06/2006

CompanyRankvs 15+ SIC 24200 peers
70

Financial strength100th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.24× · 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 strength25/25 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

Outstanding charges: -10 pts

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

Going Concern Doubt

Group) to continue in operational existence for the foreseeable future, and that there are no material uncertainties that lead to significant doubt regarding the Company's ability to continue as a going concern. The company has UK facilities from HSBC UK that were renewed in December 2024. The facilities include £20 million letter of credit facility for raw materials purchasing and an invoice d

Key FinancialsYear ending 31/12/2024

Turnover

£69.7M

Annual revenue

Net Worth

£47.7M

Balance sheet strength

Cash

£991k

Cash in the bank

Profit Before Tax

-£7.7M

Bottom line earnings

Net Current Assets

£25.3M

Working capital

Current Assets

£45.7M

Current Liabilities

£20.4M

Fixed Assets

£26.7M

Debtors

£11.8M

Cost of Sales

£66.5M

Gross Profit

£3.2M

Admin Expenses

£8.3M

Operating Profit

-£6.9M

Profit After Tax

-£7.7M

183avg. employees

People Costs

Wages & salaries£6.9M
NI contributions£693k

Balance Sheet

Bank loans & overdrafts£483k
Assets less current liabilities£52.0M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent Ratio
20242.24

Derived from filed accounts. Not audited figures.