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Fastline Steel Services Uk Ltd

08553719

active
Private Limited Company
Companies House
Health Score
88 / 100

Healthy

30/30
Filing
20/30
Financial
38/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

OFFICE 2, WALSALL, WS2 9LZ
Incorporated 03/06/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25110
Manufacture of metal structures and parts of structures

Officers

Mr Michael John Fellows

director · Since 03/06/2013

DIRECTOR

BRITISH · UNITED KINGDOM · Age 41

Also on 4 other boards

Persons with Significant Control

Mr Michael Fellows

Significant control
significant-influence-or-control-as-trust
significant-influence-or-control-as-firm

British · England · Age 41

Office 2, Charles Street, Walsall, WS2 9LZ

Notified 06/04/2016

Mr Michael John Fellows

75–100% shares
75–100% votes
Appoint directors

British · England · Age 41

C/O Equus Miller Limited, Brook House, Henley In Arden, B95 5AA

Notified 01/11/2022

Charges1 outstanding

Charge
satisfied

BARCLAYS BANK PLC

Created 30/04/2024Registered 01/05/2024Satisfied 20/11/2025
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 19/10/2022Registered 20/10/2022
Charge
satisfied

BARCLAYS SECURITY TRUSTEE LIMITED

Created 19/03/2019Registered 27/03/2019Satisfied 16/02/2026
Charge
satisfied

BARCLAYS BANK PLC

Created 08/06/2015Registered 19/06/2015Satisfied 16/02/2026

CompanyRankvs 531+ SIC 25110 peers
63

Financial strength96th percentile among SIC peers · 24/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.5× · 16/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial 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.

Liquidity16/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity13/15 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 director with respect to going con

Key FinancialsYear ending 31/03/2025

Turnover

£20.3M

Annual revenue

Net Worth

£3.5M

Balance sheet strength

Cash

£580k

Cash in the bank

Profit Before Tax

£451k

Bottom line earnings

Net Current Assets

£3.1M

Working capital

Current Assets

£9.2M

Current Liabilities

£6.1M

Fixed Assets

£1.1M

Debtors

£6.8M

Cost of Sales

£16.6M

Gross Profit

£3.6M

Admin Expenses

£3.2M

Operating Profit

£487k

Profit After Tax

£573k

74avg. employees+11

Tax at Year End

Corp tax£26k
Dividends paid£355k

People Costs

Wages & salaries£2.4M
NI contributions£221k

Balance Sheet

Bank loans & overdrafts£43k
Assets less current liabilities£4.2M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.50+£218k
20241.50+£531k
20231.48+£1.5M
20221.21+£589k
20211.14-£174k
20201.18+£115k
20191.29

Derived from filed accounts. Not audited figures.