HILLSBOROUGH STEELSTOCK LIMITED

1. HILLSBOROUGH STEELSTOCK LIMITED 1992-08-24 → present
2. SILVERLINE TRANSPORT SERVICES LIMITED 1990-01-26 → 1992-08-24
3. RAPID 8702 LIMITED 1989-07-31 → 1990-01-26

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

Hawsons Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In assessing the ability of the company to continue as a going concern, the directors have considered the strong cash reserves and healthy net assets position of the business, together with the continued support of the company's bankers and supply chain. After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.”

Significant events

• “The steel sector saw all steel input prices fall throughout the year. Steel availability was positive on all product lines and delivery lead times from producers were reduced. Once again, we saw outsell margins come under pressure and demand was stable over the 12 months. The trading performance for the year was consistent with our expectations. 2024 saw some large end-user failures and as a result, we expect downward pressure on credit limits given within the sector for both customers and suppliers. The directors see a tougher steel environment in 2025, with us facing significant headwinds on margin and steel demand.”

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

Filings

3

last 12 months

Capital events

2

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

  -9%

  £19,641,705 → £17,875,129

• Cash

  -37.8%

  £1,804,049 → £1,122,224

• Net assets

  -10.7%

  £1,829,601 → £1,633,304

• Employees

  +5.3%

  57 → 60

• Operating profit

  -40.7%

  £897,253 → £532,281

• Profit before tax

  -54.4%

  £663,742 → £302,790

• Wages

  +12.6%

  £1,832,923 → £2,063,093

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