Structural Steelwork Limited
Registered name: STRUCTURAL STEELWORK LIMITED
Part of Micklewrights Holdings Limited groupStructural Steelwork Limited made £12.4m revenue and £331k profit in the year to 31 Jan 2025.
Structural Steelwork Limited’s revenue fell 27% to £12.4m in the year to 31 Jan 2025, with £331k profit and 58 employees. The company is classified under “cold forming or folding” and is based in Dudley; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Dudley, West Midlands
- Age
- 16 yrs · since 2010
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Jan 2024 | 31 Jan 2025 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £16.9m | £12.4m |
| Cost of sales | £11.9m | £8.3m |
| Gross profit | £5.1m | £4.1m |
| Operating profit | £789k | £436k |
| Profit before tax | £639k | £324k |
| Profit after tax | £607k | £331k |
| Profit (best available) | £607k | £331k |
| Staff costs | £3.4m | £3.2m |
| Employees (average) | 58 | 58 |
| Ratios | ||
| Profit margin | 3.6% | 2.7% |
| Gross margin | 29.9% | 33.1% |
| Revenue per employee | £292k | £214k |
| Profit per employee | £10.5k | £5.7k |
| Cash conversion | −204.9% | −109.4% |
| Growth (year on year) | ||
| Revenue growth | — | ▼26.7% |
| Profit growth | — | ▼45.6% |
| Headcount growth | — | 0% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £2m | £1.2m |
| Net assets | £1.7m | £1.8m |
| Fixed assets | £702k | £1m |
| Current assets | £4.9m | £4.7m |
| Debtors | £2.5m | £2.7m |
| Deferred income | £1.2m | £585k |
| Cash from operations | −£1.6m | −£477k |
| Source | FullAccounts · bulk data Oct 2025 | FullAccounts · bulk data Oct 2025 |
How the business works
- Profit margin
- 2.7%
- Profit ÷ revenue.
- Gross margin
- 33.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £214k
- Revenue ÷ average employees.
- Profit per employee
- £5.7k
- Profit ÷ average employees.
- Cash conversion
- −109.4%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 8.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 4.7%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 21.7%
- 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 £1.8m
- Cash at bank
- ▼39%
- Now £1.2m
- Headcount
- 0%
- Now 58
- Deferred income
- ▼50%
- Now £585k
- Fixed assets
- ▲48%
- Now £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
- Micklewrights Holdings Limitedultimate parent75–100%
- Structural Steelwork Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
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- Staff
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Sources
Latest figures from FullAccounts for the year to 31 Jan 2025 (profit £331k), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.
Updated from Companies House on 15 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.