North West Steel Limited
Registered name: NORTH WEST STEEL LIMITED
North West Steel Limited made £9.5m revenue and £313k profit in the year to 31 Dec 2025. read from filing text
North West Steel Limited’s revenue fell 31% to £9.5m in the year to 31 Dec 2025, with £313k profit and 25 employees. The company is classified under “other specialised construction activities” and is based in Peterborough; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Peterborough, East of England
- Age
- 38 yrs · since 1988
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £24.7m | £15.9m | £13.7m | £9.5m |
| Cost of sales | £19.4m | £12.7m | £11.3m | £8.1m |
| Gross profit | £5.3m | £3.2m | £2.4m | £1.4m |
| Operating profit | £3.6m | £1.5m | £595k | £301k |
| Profit before tax | £3.6m | £1.6m | £732k | £428k |
| Profit after tax | £3m | £1.2m | £735k | £313k |
| Profit (best available) | £3m | £1.2m | £735k | £313k |
| Staff costs | £1.7m | £1.6m | — | — |
| Employees (average) | 26 | 24 | 25 | 25 |
| Ratios | ||||
| Profit margin | 12% | 7.5% | 5.3% | 3.3% |
| Gross margin | 21.5% | 20.4% | 17.5% | 14.6% |
| Revenue per employee | £948k | £664k | £550k | £378k |
| Profit per employee | £114k | £49.7k | £29.4k | £12.5k |
| Cash conversion | −115.1% | −275.7% | — | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▼35.3% | ▼13.8% | ▼31.2% |
| Profit growth | — | ▼59.6% | ▼38.4% | ▼57.5% |
| Headcount growth | — | ▼7.7% | ▲4.2% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £8.6m | £9.2m | £11.2m | £6.6m |
| Net assets | £13.7m | £14.9m | £15.5m | £15.9m |
| Fixed assets | £1.1m | £1.2m | £1.2m | £1.1m |
| Current assets | £16.6m | £16.5m | £17.8m | £16.5m |
| Debtors | £2.3m | £1.5m | £1.2m | £711k |
| Cash from operations | −£4.2m | −£4m | — | — |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 3.3%
- Profit ÷ revenue.
- Gross margin
- 14.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £378k
- Revenue ÷ average employees.
- Profit per employee
- £12.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 12.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 7.5%
- 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 £15.9m
- Cash at bank
- ▼41%
- Now £6.6m
- Headcount
- 0%
- Now 25
- Deferred income
- —
- Now —
- Fixed assets
- ▼1%
- Now £1.1m
Group structure
Subsidiaries (1)
- Viewdart 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 Dec 2025 (profit £313k), from the Companies House accounts bulk data published Aug 2026. 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.