STEEL PROCESSING (MIDLANDS) LIMITED
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Next accounts due
2027-02-28 (in 9mo)
Last filed for 2025-05-31
Confirmation statement due
2026-07-05 (in 2mo)
Last made up 2025-06-21
Watchouts
None on the register
Cash
£33K
-11.6% lowest in 3 filed years
Net assets
£3M
+15.7% highest in 3 filed years
Employees
53
+3.9% highest in 3 filed years
Profit before tax
£3M
+2% vs 2024
Name history
Renamed 2 times since incorporation
- STEEL PROCESSING (MIDLANDS) LIMITED 1993-04-15 → present
- BESCOT STEELS LIMITED 1992-06-05 → 1993-04-15
- CATCHREMOTE LIMITED 1992-05-06 → 1992-06-05
Net assets
4-year trend · vs Basic Materials median
Accounts
4-year trend · latest reflected 2025-05-31
| Metric | Trend | 2022-05-31 | 2023-05-31 | 2024-05-31 | 2025-05-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £71,030,327 | £75,231,051 | |
| Operating profit | — | — | £3,515,092 | £3,732,388 | |
| Profit before tax | — | £5,375,853 | £3,153,131 | £3,217,169 | |
| Net profit | — | £4,191,740 | £2,374,374 | £2,367,996 | |
| Cash | — | £219,117 | £37,092 | £32,782 | |
| Total assets less current liabilities | — | £2,244,661 | £2,784,960 | £3,145,981 | |
| Net assets | — | £1,774,003 | £2,348,377 | £2,716,373 | |
| Equity | — | £1,774,003 | £2,348,377 | £2,716,373 | |
| Average employees | — | 50 | 51 | 53 | |
| Wages | — | £1,622,688 | £1,836,363 | £2,076,226 |
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 | 2022-05-31 | 2023-05-31 | 2024-05-31 | 2025-05-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 4.9% | 5.0% | |
| Net margin | — | — | 3.3% | 3.1% | |
| Return on capital employed | — | — | 126.2% | 118.6% | |
| Current ratio | — | — | 1.03x | 1.04x | |
| Interest cover | — | — | 8.72x | 6.83x |
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
- Standalone (parent only)
- Auditor
- Law & Co
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “Turnover for the year was up by 6% at £75,231,051 which was achieved from a growth in sales volume.”
- “The Company's key objective remains to be the preferred supplier in many of its key accounts, built on transparency and unrivalled customer service.”
- “The management team has been strengthened without significant cost, and any further strengthening will be focused in works operations to support volume growth in the most efficient manner.”
- “The Company has achieved significant reductions in overheads which, combined with the increased steel price, have contributed to improved performance.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HAYNES, Kevin John | Secretary | 2021-05-17 | — | — |
| LIGGINS, Trevor Alan | Secretary | 1999-09-14 | — | British |
| HAYNES, Kevin John | Director | 1999-10-01 | May 1961 | British |
| JONES, Gareth | Director | 2014-01-01 | Apr 1972 | English |
| LIGGINS, Nicholas Paul | Director | 2014-01-01 | Jun 1972 | British |
| LIGGINS, Trevor Alan | Director | 1992-05-27 | Aug 1949 | British |
| POTTER, Neil John | Director | 2025-07-01 | Jun 1986 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROOKES, Barry | Secretary | 1992-05-27 | 1999-09-13 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1992-05-06 | 1992-05-27 |
| BROOKES, Barry | Director | 1992-05-27 | 1999-09-13 |
| HARRIS, Glyn David | Director | 1992-05-27 | 2006-11-30 |
| WHITEHEAD, Alan | Director | 1993-03-15 | 1993-03-15 |
| WHITEHEAD, Alan | Director | 1992-05-27 | 2022-05-26 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1992-05-06 | 1992-05-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Spm Group Midlands Limited | Corporate entity | Shares 75–100% | 2022-05-26 | Active |
Filing timeline
Last 20 of 138 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-17 | AA | accounts | Accounts with accounts type full | |
| 2025-11-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-16 | CH01 | officers | Change person director company with change date | |
| 2024-11-22 | AA | accounts | Accounts with accounts type full | |
| 2024-07-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-30 | AA | accounts | Accounts with accounts type full | |
| 2023-06-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-23 | CH01 | officers | Change person director company with change date | |
| 2023-06-23 | CH01 | officers | Change person director company with change date | |
| 2023-02-23 | SH08 | capital | Capital name of class of shares | |
| 2023-02-22 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-02-22 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2023-02-21 | SH01 | capital | Capital allotment shares | |
| 2023-02-21 | SH01 | capital | Capital allotment shares | |
| 2023-02-21 | SH01 | capital | Capital allotment shares | |
| 2022-12-08 | AA | accounts | Accounts with accounts type full | |
| 2022-06-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-06-21 | TM01 | officers | Termination director company with name termination date | |
| 2022-05-18 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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
FY2024 → FY2025 · period ending 2025-05-31 vs 2024-05-31
-
Turnover
+5.9%
£71,030,327 £75,231,051
-
Cash
-11.6%
£37,092 £32,782
lowest in 3 filed years
-
Net assets
+15.7%
£2,348,377 £2,716,373
highest in 3 filed years
-
Employees
+3.9%
51 53
highest in 3 filed years
-
Operating profit
+6.2%
£3,515,092 £3,732,388
-
Profit before tax
+2%
£3,153,131 £3,217,169
-
Wages
+13.1%
£1,836,363 £2,076,226
highest in 3 filed years
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