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Nikal Steels Limited

03950507

active
Private Limited Company
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

BLOCK 3 UNIT 14 PEARTREE LANE, DUDLEY, DY2 0XW
Incorporated 17/03/2000

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

32990
Other manufacturing

Officers

Mr Ian Andrew Bullock

director · Since 17/08/2000

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 64

Also on 3 other boards

Mr Jonathan William Robert Finley

director · Since 01/10/2012

SALESMAN

BRITISH · ENGLAND · Age 50

Also on 2 other boards

Persons with Significant Control

Nikal Steels Holding Co. Limited

75–100% shares
ownership-of-shares-75-to-100-percent-as-firm
75–100% votes
voting-rights-75-to-100-percent-as-firm

Block 3, Unit 14, Grazebrook Industrial Park, Dudley, DY2 0XW

Reg: 16029408 · Companies House · Limited Company

Notified 25/11/2025

Former PSCs

Mr Ian Andrew Bullock

Ceased 25/11/2025

Charges3 outstanding

Charge
outstanding

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

Created 09/08/2013Registered 09/08/2013
charge
satisfied

HSBC BANK PLC

Created 09/10/2012Registered 10/10/2012Satisfied 02/11/2021
charge
outstanding

HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER)

Created 29/06/2012Registered 04/07/2012
charge
satisfied

HULBERT PROPERTIES LIMITED

Created 30/07/2004Registered 05/08/2004Satisfied 02/11/2021
charge
outstanding

HSBC BANK PLC

Created 25/06/2004Registered 02/07/2004
charge
satisfied

LLOYDS TSB BANK PLC

Created 12/07/2001Registered 25/07/2001Satisfied 26/07/2006
charge
satisfied

BARCLAYS BANK PLC

Created 19/06/2000Registered 28/06/2000Satisfied 04/10/2002
charge
satisfied

BARCLAYS BANK PLC

Created 19/06/2000Registered 28/06/2000Satisfied 04/10/2002

CompanyRankvs 685+ SIC 32990 peers
76

Financial strength93th percentile among SIC peers · 23/25
Employees85th percentile among SIC peers · 13/15
LiquidityCurrent ratio 3.02× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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685Nikal Steels Limited
86
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.

Employees13/15 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 31/12/2024

Net Worth

£1.6M

Balance sheet strength

Cash

£621k

Cash in the bank

Net Current Assets

£1.5M

Working capital

Current Assets

£2.2M

Current Liabilities

£734k

Fixed Assets

£298k

Debtors

£769k

11avg. employees-3

Tax at Year End

Corp tax£44k

Balance Sheet

Assets less current liabilities£1.8M
Prepared with BTCSoftware AP Solution 2024 11.2.01

EstimatesDerived

YearCurrent RatioImplied Profit
20243.02+£67k
20233.36+£147k
20223.00+£205k
20212.74—

Derived from filed accounts. Not audited figures.