SALZGITTER MANNESMANN UK LIMITED

1. SALZGITTER MANNESMANN UK LIMITED 2015-05-29 → present
2. SALZGITTER MANNESMANN (UK) LIMITED 2008-02-27 → 2015-05-29
3. A.P. STEEL U.K. LIMITED 1989-12-19 → 2008-02-27
4. SLATTERIDGE LIMITED 1989-11-13 → 1989-12-19

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

“The Directors have considered the current financial strength of the Company, including trading post year end, our three-year forecasts, and the order book. Based on these considerations they concluded they have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future and at least twelve months from the date of signing these financial statements, they therefore continue to adopt the going concern basis of accounting in preparing these financial statements.”

Significant events

• “The late announcement of changes to Safeguard Quotas on 30th June for application on 1st July by the UK Business & Trade Secretary, which went further than the recommendations of the UK Trade Remedies Authority (TRA), illustrated the increasingly protectionist strategy of the UK Government seeking to support UK steelmaking assets by reducing imports and making importing steel increasingly complicated and punitive where quotas are exceeded.”
• “The use of emergency legislation by the UK Government to take control of Chinese-owned British Steel in April and the assumed control of Liberty Steel's Speciality Steel UK in August, together with the £500m subsidy for the Tata Steel UK Electric Arc furnace project, further demonstrated support for the UK steelmaking industry amid weak market conditions.”

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

Filings

2

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

  -4.9%

  £54,957,711 → £52,261,173

• Cash

  -51.6%

  £3,011,383 → £1,457,376

• Net assets

  -0.8%

  £12,900,855 → £12,798,902

• Employees

  0%

  11 → 11

• Operating profit

  +9.6%

  £315,145 → £345,274

• Profit before tax

  -5.1%

  £320,803 → £304,348

• Wages

  -1.3%

  £661,891 → £653,559

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