DYFED STEELS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-14 (in 6mo)
Last made up 2025-10-31
Watchouts
None on the register
Cash
£109K
-49% lowest in 4 filed years
Net assets
£28M
-4% vs 2023
Employees
270
+1.5% highest in 4 filed years
Profit before tax
-£1M
-241.1% vs 2023
Net assets
8-year trend · vs Consumer Discretionary median
Accounts
8-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | £84,571,148 | £69,889,610 | |
| Operating profit | — | — | — | — | — | — | £1,034,411 | -£1,012,931 | |
| Profit before tax | — | — | — | — | — | — | £857,889 | -£1,210,522 | |
| Net profit | — | — | — | — | £8,860,071 | — | -£444,858 | -£1,155,962 | |
| Cash | — | — | £1,302,093 | — | £342,094 | — | £213,274 | £108,733 | |
| Total assets less current liabilities | — | — | £24,040,239 | — | £32,999,149 | — | £33,794,145 | £31,576,538 | |
| Net assets | — | — | £20,820,619 | — | £29,426,687 | — | £29,017,347 | £27,861,385 | |
| Equity | £12,261,316 | £12,618,217 | £20,820,619 | £20,820,616 | £29,426,687 | £29,426,687 | £29,017,347 | £27,861,385 | |
| Average employees | — | — | 269 | — | 256 | — | 266 | 270 | |
| Wages | — | — | — | — | — | — | £8,946,897 | £9,429,007 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | 1.2% | -1.4% | |
| Net margin | — | — | — | — | — | — | -0.5% | -1.7% | |
| Return on capital employed | — | — | — | — | — | — | 3.1% | -3.2% | |
| Current ratio | — | — | — | — | — | — | 1.95x | 1.94x | |
| Interest cover | — | — | — | — | — | — | 5.86x | -5.13x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- MHA Audit Services LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future and therefore continue to adopt the going concern basis.”
Group structure
- DYFED STEELS LIMITED · parent
- D S Southwest Limited
- Dyfed Steels (Southern) Limited
- Dyfed Steels Mid-Wales Limited
- Ex Stock Steels Limited
Significant events
- “There have been no significant events affecting the Group since the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| THOMAS, Daniel John | Secretary | 2020-06-23 | — | — |
| SCOURFIELD, Joanne Petra | Director | 2021-05-20 | Aug 1979 | Welsh |
| THOMAS, Daniel John | Director | 2021-05-20 | Aug 1980 | Welsh |
| THOMAS, David Winston | Director | — | Mar 1941 | Welsh |
| THOMAS-OWEN, Rhian | Director | 2021-05-20 | Jul 1981 | Welsh |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EVANS, David Robert | Secretary | — | 2004-03-08 |
| MORGAN, Alan John | Secretary | 2008-09-28 | 2020-06-22 |
| PRICE, Richard Anthony | Secretary | 2004-03-08 | 2008-04-29 |
| EVANS, David Robert | Director | — | 2004-03-08 |
| JONES, Stephen | Director | 2008-09-29 | 2014-08-31 |
| PRICE, Richard Anthony | Director | 2003-04-14 | 2008-04-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr David Winston Thomas | Individual | Shares 75–100% | 2016-07-14 | Active |
Filing timeline
Last 20 of 155 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-28 | AA | accounts | Accounts with accounts type group | |
| 2024-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-04-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-29 | AA | accounts | Accounts with accounts type group | |
| 2023-07-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-31 | AA | accounts | Accounts with accounts type group | |
| 2022-08-12 | SH08 | capital | Capital name of class of shares | |
| 2022-08-12 | SH08 | capital | Capital name of class of shares | |
| 2022-08-12 | SH08 | capital | Capital name of class of shares | |
| 2022-08-12 | SH08 | capital | Capital name of class of shares | |
| 2022-07-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-08 | AA | accounts | Accounts with accounts type group | |
| 2021-05-24 | AP01 | officers | Appoint person director company with name date | |
| 2021-05-20 | AP01 | officers | Appoint person director company with name date | |
| 2021-05-20 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-17.4%
£84,571,148 £69,889,610
-
Cash
-49%
£213,274 £108,733
lowest in 4 filed years
-
Net assets
-4%
£29,017,347 £27,861,385
-
Employees
+1.5%
266 270
highest in 4 filed years
-
Operating profit
-197.9%
£1,034,411 -£1,012,931
-
Profit before tax
-241.1%
£857,889 -£1,210,522
-
Wages
+5.4%
£8,946,897 £9,429,007
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers