Project Steel Midco 2 Limited
11727784
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
31/03/2027
Confirmation statement
Last: 13/12/2025
Due 27/12/2026
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 58
Also on 3 other boards
director · Since 31/03/2025
DIRECTOR
BRITISH · ENGLAND · Age 51
Also on 2 other boards
Former
director · Resigned 22/12/2018
director · Resigned 22/12/2018
director · Resigned 27/07/2025
Persons with Significant Control
Project Steel Midco 1 Limited
25, Victoria Street, London, SW1H 0EX
Reg: 11726678 · Companies House · Limited By Shares
Notified 14/12/2018
Charges1 outstanding
SOVEREIGN CAPITAL PARTNERS LLP
Change History
Active
Private Limited Company
CORBY INNOVATION HUB
CORBY
NN17 1NN
CompanyRankvs 76071+ SIC 96090 peers22
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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
Turnover
£931k
Annual revenue
Net Worth
-£962k
Balance sheet strength
Cash
£22k
Cash in the bank
Profit Before Tax
-£565k
Bottom line earnings
Net Current Assets
-£970k
Working capital
Current Assets
£16.7M
Current Liabilities
£17.6M
Fixed Assets
£9k
Debtors
£16.6M
Gross Profit
£931k
Admin Expenses
£846k
Operating Profit
-£565k
Profit After Tax
-£565k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.94 | -£565k |
| 2023 | 0.98 | — |
Derived from filed accounts. Not audited figures.