Rainham Steel Company Limited
Registered name: RAINHAM STEEL COMPANY LIMITED
Part of Rainham Steel Holdings Limited groupRainham Steel Company Limited made £190m revenue and £2.1m profit in the year to 31 Mar 2025. read from filing text
Rainham Steel Company Limited’s revenue fell 12% to £190m in the year to 31 Mar 2025, with £2.1m profit and 241 employees. The company is classified under “wholesale of metals and metal ores” and is based in Romford; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Romford, London
- Age
- 53 yrs · since 1973
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The company is a wholly owned subsidiary of Rainham Steel Holdings Limited (the ultimate parent undertaking), a company registered in England and Wales. Rainham Steel Holdings Limited prepares group a”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £255m | £272m | £216m | £190m |
| Cost of sales | £166m | £191m | £175m | £157m |
| Gross profit | £88.9m | £80.7m | £40.9m | £32.5m |
| Operating profit | £13.5m | £32.9m | £15m | £3.7m |
| Profit before tax | £13.1m | £32m | £14.3m | £3.8m |
| Profit after tax | £7.4m | £30.1m | £10.8m | £2.1m |
| Profit (best available) | £7.4m | £30.1m | £10.8m | £2.1m |
| Staff costs | £62.3m | £34.7m | £11.5m | £15m |
| Employees (average) | 217 | 236 | 239 | 241 |
| Ratios | ||||
| Profit margin | 2.9% | 11.1% | 5% | 1.1% |
| Gross margin | 34.8% | 29.7% | 18.9% | 17.1% |
| Revenue per employee | £1.2m | £1.2m | £904k | £788k |
| Profit per employee | £33.9k | £127k | £45.1k | £8.6k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲6.5% | ▼20.5% | ▼12.1% |
| Profit growth | — | ▲308.6% | ▼64.1% | ▼80.7% |
| Headcount growth | — | ▲8.8% | ▲1.3% | ▲0.8% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £694k | £24.7k | £1.8m | £1.7m |
| Net assets | £59.6m | £73.9m | £84.7m | £86.8m |
| Fixed assets | £14m | £15.5m | £18.6m | £19.1m |
| Current assets | £184m | £197m | £133m | £133m |
| Debtors | £57.1m | £52.7m | £37m | £35.2m |
| Deferred income | £53.3m | £42.2m | £627k | £2.5m |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 1.1%
- Profit ÷ revenue.
- Gross margin
- 17.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £788k
- Revenue ÷ average employees.
- Profit per employee
- £8.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 10.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 1.3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 18.6%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲2%
- Now £86.8m
- Cash at bank
- ▼5%
- Now £1.7m
- Headcount
- ▲1%
- Now 241
- Deferred income
- ▲303%
- Now £2.5m
- Fixed assets
- ▲3%
- Now £19.1m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Rainham Steel Holdings Limitedultimate parent75–100%
- Rainham Steel Company Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Rainham Reinforcement LimitedFigures not disclosed
Sister companies (2)
- Rainham Steel Tubes LimitedFigures not disclosed
- Steel 4 Builders LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £2.1m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 23 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.