SWISS STEEL UK LTD.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. SWISS STEEL UK LTD. 2020-10-05 → present
2. SCHMOLZ+BICKENBACH (UK) LIMITED 2006-03-02 → 2020-10-05
3. THYSSENKRUPP SPECIAL STEELS (UK) LIMITED 2002-07-31 → 2006-03-02
4. KRUPP HOESCH STEEL LIMITED 1993-12-08 → 2002-07-31
5. KRUPP STEEL COMPANY LIMITED 1980-12-31 → 1993-12-08
6. FORTUNA SPECIAL STEEL COMPANY LIMITED 1958-12-04 → 1980-12-31

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 101

Reporting scope

Standalone (parent only)

Auditor

Ballards LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the review performed no material uncertainties that may cast significant doubt about the ability of the Company to continue as a going concern have been identified by the directors. Accordingly, the directors believe that it is appropriate to prepare the financial statements on a going concern basis based on their expectations of continued support from the Group for a period of 12 months after signing of the accounts.”

Significant events

• “Profits for 2023 were adversely impacted to the tune of £466,556 as a result of an exceptional provision being taken against trade receivables due from various Asco companies. These companies were part of the Swiss Steel Group as at 31st December 2023 but went into administration in late March 2024.”
• “During February 2024 the company sold its leasehold interest in a non-core investment property for gross proceeds of £600,000 this sale yielded a significant profit against book value and released cash to invest in core operating activities.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -15.5%

  £25,760,165 → £21,757,131

• Cash

  -58.5%

  £206,028 → £85,486

• Net assets

  +4.6%

  £7,230,968 → £7,563,648

• Employees

  -10.3%

  39 → 35

• Operating profit

  +25.1%

  £468,352 → £585,978

• Profit before tax

  +608.7%

  £48,229 → £341,784

• Wages

  +0.7%

  £1,895,484 → £1,909,421

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