Steel City Holdings Limited
Registered name: STEEL CITY HOLDINGS LIMITED
Part of MML Partnership Capital VIII Holdco 1 Ltd groupSteel City Holdings Limited made £255k revenue and £15 profit in the year to 30 Sep 2023. read from filing text
Steel City Holdings Limited’s revenue was £255k in the year to 30 Sep 2023, with £15 profit and 1 employee. The company is classified under “activities of other holding companies” and is based in Cardiff; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Cardiff, Wales
- Age
- 10 yrs · since 2016
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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 immediate parent undertaking is Veezu Holdings Limited and the ultimate controlling party is Veezu Group Limited, a company incorporated in England & Wales, Veezu GRroup Limited prepares group acc”
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 | 30 Sep 2023 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £306k | £255k |
| Operating profit | £165k | £61k |
| Profit before tax | £522k | £22k |
| Profit after tax | £502k | £15 |
| Profit (best available) | £502k | £15 |
| Employees (average) | 1 | 1 |
| Ratios | ||
| Profit margin | 163.7% | 0% |
| Revenue per employee | £306k | £255k |
| Profit per employee | £502k | £15 |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £10.9k | £15.6k |
| Net assets | £1.2m | £1.2m |
| Fixed assets | £1.2m | £252k |
| Current assets | £754k | £1.1m |
| Debtors | £743k | £1m |
| Deferred income | £2k | £0 |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 |
How the business works
- Profit margin
- 0%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £255k
- Revenue ÷ average employees.
- Profit per employee
- £15
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 98.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 409.9%
- 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
- —
- Now £1.2m
- Cash at bank
- —
- Now £15.6k
- Headcount
- —
- Now 1
- Deferred income
- —
- Now £0
- Fixed assets
- —
- Now £252k
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
- MML Partnership Capital VIII Holdco 1 Ltdultimate parent50–75%
- MML Cosmos Investco Limited25–50%
- V Topco Limited75–100%
- V Midco Limited75–100%
- V Holdco Limited75–100%
- V Bidco Limited75–100%
- Veezu Group Limited75–100%
- Veezu Holdings Limited75–100%
- City Taxis Holdings Limited75–100%
- Steel City Holdings Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Northern Taxis LimitedRev. £25.7m · Profit £2.2m
- Derby City Cars LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 30 Sep 2023 (profit £15), from the Companies House accounts bulk data published Sep 2024. 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.