Project Steel Midco 1 Limited
11726678
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 24/07/2019
DIRECTOR
BRITISH · ENGLAND · Age 63
Also on 25 other boards
director · Since 13/10/2020
DIRECTOR
BRITISH · ENGLAND · Age 57
Also on 3 other boards
director · Since 31/03/2025
DIRECTOR
BRITISH · ENGLAND · Age 51
Also on 2 other boards
Persons with Significant Control
Project Steel Topco Limited
25, Victoria Street, London, SW1H 0EX
Reg: 11726410 · Companies House · Limited By Shares
Notified 14/12/2018
Charges1 outstanding
SOVEREIGN CAPITAL PARTNERS LLP
CompanyRankvs 42595+ SIC 96090 peers35
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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 c
Key FinancialsYear ending 31/12/2024
Net Worth
-£11.5M
Balance sheet strength
Cash
—
Cash in the bank
Profit Before Tax
-£1.9M
Bottom line earnings
Net Current Assets
£15.7M
Working capital
Current Assets
£17.1M
Current Liabilities
£1.4M
Fixed Assets
£6k
Debtors
£17.1M
Profit After Tax
-£1.9M
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 12.43 | -£1.9M |
| 2023 | 13.21 | -£2.1M |
| 2022 | 19.51 | -£2.1M |
| 2021 | 19.51 | — |
Derived from filed accounts. Not audited figures.