Hannon Steel Ltd
Registered name: HANNON STEEL LTD
Hannon Steel Ltd made £13.1m revenue and £942k profit in the year to 31 Dec 2025.
Hannon Steel Ltd’s revenue was £13.1m in the year to 31 Dec 2025, with £942k profit and 17 employees. The company is classified under “wholesale of metals and metal ores” and is based in Aghalee; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- Aghalee, Northern Ireland
- Age
- 10 yrs · since 2015
- 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 Jan 2022 | 31 Jan 2023 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||||
| Revenue (turnover) | £17.1m | £18.8m | £14.4m | £13.1m | £13.1m |
| Cost of sales | £13.8m | £15.2m | £12.4m | £11.1m | £11.2m |
| Gross profit | £3.4m | £3.6m | £2m | £2m | £2m |
| Operating profit | £2.7m | £2.7m | £1.2m | £1.2m | £1.1m |
| Profit before tax | £2.7m | £2.7m | £1.2m | £1.2m | £1.1m |
| Profit after tax | £2.2m | £2.2m | £921k | £866k | £942k |
| Profit (best available) | £2.2m | £2.2m | £921k | £866k | £942k |
| Staff costs | £566k | £560k | £571k | £519k | — |
| Employees (average) | 15 | 15 | 15 | 15 | 17 |
| Ratios | |||||
| Profit margin | 12.7% | 11.8% | 6.4% | 6.6% | 7.2% |
| Gross margin | 19.6% | 19% | 13.8% | 15.3% | 14.9% |
| Revenue per employee | £1.1m | £1.3m | £961k | £875k | £772k |
| Profit per employee | £145k | £148k | £61.4k | £57.7k | £55.4k |
| Cash conversion | −3.9% | 81% | 71.2% | 137.1% | — |
| Growth (year on year) | |||||
| Revenue growth | — | ▲9.4% | ▼23.1% | ▼9% | ▲0% |
| Profit growth | — | ▲2.3% | ▼58.5% | ▼6% | ▲8.8% |
| Headcount growth | — | 0% | 0% | 0% | ▲13.3% |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £1.4m | £419k | £605k | £132k | £98.2k |
| Net assets | — | — | £5.9m | £4.7m | £5.7m |
| Fixed assets | £23.4k | £79.8k | £445k | £527k | £4.3m |
| Current assets | £6.8m | £7.3m | £6.4m | £5.1m | £4.8m |
| Debtors | £3.9m | £4m | £3.5m | £3.1m | £3.6m |
| Deferred income | — | — | — | £16k | £25.7k |
| Cash from operations | −£105k | £2.2m | £863k | £1.6m | — |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 | Reports and Financial Statements · bulk data Sep 2024 | Reports and Financial Statements · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 7.2%
- Profit ÷ revenue.
- Gross margin
- 14.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £772k
- Revenue ÷ average employees.
- Profit per employee
- £55.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 32.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 27.3%
- 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
- ▲20%
- Now £5.7m
- Cash at bank
- ▼26%
- Now £98.2k
- Headcount
- ▲13%
- Now 17
- Deferred income
- ▲60%
- Now £25.7k
- Fixed assets
- ▲708%
- Now £4.3m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Minority corporate shareholders
- Hannon Holdings Limited 25–50%
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 £942k), from the Companies House accounts bulk data published Sep 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.