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Steel Dynamics Ltd

07793125

in administration
Private Limited Company
Companies House
Health Score
N/A

Details

C/O GRANT THORNTON UK ADVISORY & TAX LLP 11TH FLOOR LANDMARK ST PETER'S SQUARE, MANCHESTER, M1 4PB
Incorporated 30/09/2011

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46720
Wholesale of metals and metal ores
71129
Other engineering activities

Officers

Mr Daniel Mckinley

director · Since 30/09/2011

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 52

Also on 8 other boards

Mr Robert Pattenden

director · Since 12/07/2012

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 51

Also on 8 other boards

Mr Ian Peter Griffiths

director · Since 24/01/2013

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 57

Also on 8 other boards

Mr Ebrahim Yusuf Patel

director · Since 02/01/2019

NONE

BRITISH · UNITED KINGDOM · Age 48

Also on 2 other boards

Mr Darren Rose

director · Since 01/08/2021

CHARTERED MANAGEMENT ACCOUNTANT

BRITISH · UNITED KINGDOM · Age 54

Also on 25 other boards

Persons with Significant Control

Steel Dynamics Group Limited

75–100% shares
75–100% votes

Unit 8 Walker Industrial Park, Guide, Blackburn, BB1 2QE

Reg: 13404639 · Companies House · Limited By Shares

Notified 24/06/2021

Former PSCs

Mr Ian Peter Griffiths

Ceased 24/06/2021

Charges3 outstanding

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outstanding

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CompanyRankvs 15+ SIC 46720 peers
16

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.85× · 6/20
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 strength0/25 pts

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

Employees0/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 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

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 31/12/2023

Net Worth

£313k

Balance sheet strength

Cash

£70k

Cash in the bank

Profit Before Tax

-£2.2M

Bottom line earnings

Net Current Assets

-£2.4M

Working capital

Current Assets

£14.0M

Current Liabilities

£16.4M

Fixed Assets

£5.2M

Debtors

£10.5M

Cost of Sales

£19.4M

Admin Expenses

£4.5M

Profit After Tax

-£1.9M

68avg. employees+14

Tax at Year End

Corp tax£43k
Dividends paid£340k

People Costs

Wages & salaries£2.6M

Balance Sheet

Bank loans & overdrafts£1.9M
Assets less current liabilities£2.8M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20230.85-£1.9M
20221.18+£716k
20211.22

Derived from filed accounts. Not audited figures.