Steelco (UK) Limited
Registered name: STEELCO (UK) LIMITED
Steelco (UK) Limited made £23.7m revenue and £502k profit in the year to 31 Jul 2025. read from filing text
Steelco (UK) Limited’s revenue fell 6% to £23.7m in the year to 31 Jul 2025, with £502k profit and 32 employees. The company is classified under “wholesale of metals and metal ores” and is based in Hastings; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Hastings, South East
- Age
- 37 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 Jul 2022 | 31 Jul 2023 | 31 Jul 2024 | 31 Jul 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £36.7m | £29.2m | £25.2m | £23.7m |
| Cost of sales | £26.1m | £25.3m | £22.1m | £21m |
| Gross profit | £10.6m | £3.8m | £3.2m | £2.7m |
| Operating profit | £8.2m | £1.5m | £1m | £694k |
| Profit before tax | £8.1m | £1.5m | £988k | £670k |
| Profit after tax | £6.6m | £1.1m | £741k | £502k |
| Profit (best available) | £6.6m | £1.1m | £741k | £502k |
| Staff costs | £2m | £1.9m | £1.7m | £1.7m |
| Employees (average) | 29 | 29 | 29 | 32 |
| Ratios | ||||
| Profit margin | 18% | 3.8% | 2.9% | 2.1% |
| Gross margin | 29% | 13.2% | 12.6% | 11.5% |
| Revenue per employee | £1.3m | £1m | £870k | £741k |
| Profit per employee | £228k | £38.2k | £25.6k | £15.7k |
| Cash conversion | −57.4% | −133.8% | −294.6% | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▼20.5% | ▼13.5% | ▼6% |
| Profit growth | — | ▼83.2% | ▼33.2% | ▼32.2% |
| Headcount growth | — | 0% | 0% | ▲10.3% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.2k | £664 | £1 | £0 |
| Net assets | £11.8m | £12.4m | £12.6m | £12.8m |
| Fixed assets | £3.6m | £3.7m | £1.5k | £3.6m |
| Current assets | £12.4m | £10.2m | £10.3m | £11.2m |
| Debtors | £9.6m | £8.1m | £6.1m | £6m |
| Deferred income | £35.5k | £41.2k | £318k | £651k |
| Cash from operations | −£4.7m | −£2m | −£3m | — |
| Source | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Jan 2025 | FullAccounts · bulk data Jan 2026 |
How the business works
- Profit margin
- 2.1%
- Profit ÷ revenue.
- Gross margin
- 11.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £741k
- Revenue ÷ average employees.
- Profit per employee
- £15.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 15.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 25.1%
- 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 £12.8m
- Cash at bank
- ▼100%
- Now £0
- Headcount
- ▲10%
- Now 32
- Deferred income
- ▲105%
- Now £651k
- Fixed assets
- ▲241005%
- Now £3.6m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Similar profitable businesses
- Aluprof UK LimitedAltrincham · Wholesale of metals and metal ores
- Revenue
- £24.1m
- Profit
- £315k
- Staff
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- Valbruna UK LimitedWest Midlands · Wholesale of metals and metal ores
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- Profit
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- CCB Sheet Steel LimitedLeamington Spa · Wholesale of metals and metal ores
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- £25.6m
- Profit
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- Aura Metals LimitedLondon · Wholesale of metals and metal ores
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- £21.7m
- Profit
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- European Steel Sheets LimitedBirmingham · Wholesale of metals and metal ores
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- £26.9m
- Profit
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- Cogne U.K. LimitedSheffield · Wholesale of metals and metal ores
- Revenue
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- Profit
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- Staff
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Sources
Latest figures from FullAccounts for the year to 31 Jul 2025 (profit £502k), from the Companies House accounts bulk data published Jan 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.