STEPNELL LIMITED

• ◆

  3 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Saffery LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Whilst a number of properties were transferred out of Stepnell as part of the demerger, the significantly increased cash position as a result of the demerger, improved trading and a strong pipeline of work, the business is positioned well for the coming years.”

Group structure

1. STEPNELL LIMITED · parent
   1. George Law Limited 100% · UK · Dormant
   2. Step Energy Limited 100% · UK · Renewable Energy

Significant events

• “Post year end, in September 2025 the shareholder demerger was concluded. Included in the March 2025 accounts are some of the costs and liabilities associated with the demerger.”
• “On 30th September 2025, after the reporting period, ending 31 March 2025, but before these financial statements were authorised for issue, a group demerger was concluded. This involved the separation of Stepnell Limited from the reporting group.”
• “There were contingent liabilities of £4,961,140 in respect of contract performance bonds as at 31 March 2025 (2024: £6,437,100).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

3

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +3.6%

  £108,815,835 → £112,782,004

• Cash

  +179.7%

  £3,174,967 → £8,879,217

• Net assets

  +3.8%

  £19,444,473 → £20,186,317

• Employees

  +6.2%

  324 → 344

• Operating profit

  -10%

  £1,126,732 → £1,013,790

• Profit before tax

  +0.7%

  £1,039,395 → £1,046,755

• Wages

  +8%

  £18,046,051 → £19,492,061

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers