7 STEEL SERVICE (UK) LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. 7 STEEL SERVICE (UK) LIMITED 2025-10-01 → present
2. EXPRESS REINFORCEMENTS LIMITED 1984-04-13 → 2025-10-01

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. In determining the appropriate basis of preparation of the financial statements, the directors are required to consider whether the company and group can continue in operational existence for the period of at least 12 months and have considered through to the period ending December 2026. Having undertaken this review, the directors are of the opinion that the company and the 7 Steel UK Group have access to adequate resources to continue in operational existence for the period of at least 12 months and considered through to the period ending December 2026. The company benefits from a letter of support from 7 Steel (UK) Holdings Limited being provided from the date of signing the financial statements through to December 2026. Accordingly, they continue to adopt the going concern basis in preparing the annual report.”

Significant events

• “2024 has been a challenging year with continued slowdown in the steel and construction market caused by market volatility, brought by inflationary pressures and geopolitical tensions.”
• “The company's products are subject to price volatility through changing market prices at both selling and purchasing level.”
• “The global economic environment has deteriorated significantly in recent years as inflation risk fully materialised along with other major global crises.”
• “On 11 April 2025, 7 Steel (UK) Holdings Limited and all its subsidiaries were sold to Sev.en Steel UK Ltd, a company incorporated in England & Wales.”
• “On 19th May 2025, the Group and its subsidiaries were rebranded to 7 Steel and subsequently changed its name from Celsa (UK) Holdings to 7 Steel (UK) Holdings Limited.”
• “In September 2025, the 7 Steel UK Group (7 Steel (UK) Holdings Limited) renewed its Term Loan and Asset Based Lending (ABL) facilities, committed until June 2028.”
• “In September 2025 the Secured Loan was amended with a revised facility limit of £170 million with the same term, interest payable, fixed charges and covenants.”

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

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -8.9%

  £124,386,000 → £113,332,000

• Cash

  -36.6%

  £3,025,000 → £1,919,000

• Net assets

  +25%

  £35,130,000 → £43,913,000

• Employees

  -4.1%

  197 → 189

• Operating profit

  -23.3%

  £11,896,000 → £9,127,000

• Profit before tax

  -14.7%

  £13,691,000 → £11,674,000

• Wages

  +2.1%

  £7,207,000 → £7,357,000

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