BARRETT STEEL LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. BARRETT STEEL LIMITED 1992-11-13 → present
2. SIMCO 507 LIMITED 1992-10-14 → 1992-11-13

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

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared base case forecasts extending for a period of 18 months from the end of the current financial period, which include cash flow forecasts, profit and loss accounts, and balance sheets. The base case forecasts suggest continued profitability and sufficient cash availability. The Directors have applied stress testing to these base case forecasts by applying volume and margin reductions. These sensitised forecasts indicate that the Group and Company will continue to be profitable and have adequate cash availability. The Group's core UK facilities provided by HSBC UK Bank Plc, were renewed for a 5 year period in March 2024. The facilities include a £25m Rolling Credit Facility and asset-based facilities of £70m. These facilities are secured until March 2029. The Group's base and sensitised forecasts demonstrate that the Group is able to operate within these facilities. Consequently, the Directors are confident that the Group and Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Group structure

1. BARRETT STEEL LIMITED · parent
   1. A H Allen Steelstock Limited 1% · England
   2. Advanced Steel Services Limited 1% · England
   3. AH Allen Steel Services Limited 1% · England
   4. Barrett Central Distribution Limited 1% · England
   5. Barrett Central Processing Limited 1% · England
   6. Barrett Constructional Steel Limited 1% · England
   7. Barrett Engineering Steel Bolton Limited 1% · England
   8. Barrett Engineering Steel Ireland Limited 1% · England
   9. Barrett Engineering Steel Midlands Limited 1% · England
   10. Barrett Engineering Steel Newport Limited 1% · England
   11. Barrett Engineering Steel North East Limited 1% · England
   12. Barrett Engineering Steel North Limited 1% · England
   13. Barrett Engineering Steel North West Limited 1% · England
   14. Barrett Engineering Steel Rugby Limited 1% · England
   15. Barrett Engineering Steel South Limited 1% · England
   16. Barrett Engineering Steel South West Limited 1% · England
   17. Barrett Engineering Steel Trading Limited 1% · England
   18. Barrett Engineering Steel Willenhall Limited 1% · England
   19. Barrett National Steel Services Limited 1% · England
   20. Barrett Nickel Alloys Limited 1% · England
   21. Barrett Offsite Steel Solutions Limited 1% · England
   22. Barrett Precision Tubes Limited 1% · England
   23. Barrett Steel (Scotland) Limited 1% · Scotland
   24. Barrett Steel (Scotland) North Limited 1% · Scotland
   25. Barrett Steel Balustrade and Walkways Limited 1% · England
   26. Barrett Steel Dartford Limited 1% · England
   27. Barrett Steel Energy Products Limited 1% · England
   28. Barrett Steel Ireland Limited 1% · England
   29. Barrett Steel North East Limited 1% · England
   30. Barrett Steel Offshore Limited 1% · England
   31. Barrett Steel Scunthorpe Limited 1% · England
   32. Barrett Steel Services Limited 1% · England
   33. Barrett Steel Shoreham Limited 1% · England
   34. Barrett Steel South West Limited 1% · England
   35. Barrett Steel Stainless Limited 1% · England
   36. Barrett Steel Trading Limited 1% · England
   37. Barrett Steel Tubes Ireland Limited 1% · England
   38. Barrett Steel Tubes Limited 1% · England
   39. Barrett Strip & Alloys Limited 1% · England
   40. BCD Tubes Limited 1% · England
   41. C Roberts Steel Services Limited 1% · England
   42. Central Steel Services Limited 1% · England
   43. CMT Steel Services Limited 1% · England
   44. Consett Steel Services Limited 1% · England
   45. Dragon Steel Services Limited 1% · England
   46. Fastec Handrail Systems Limited 1% · England
   47. Goodman Steel Services Limited 1% · England
   48. Kass (Steel Stockholders) Limited 1% · England
   49. Lasertube Limited 1% · England
   50. Lilleshall Steel Services Limited 1% · England
   51. Mattersons Limited 1% · England
   52. Newark Steel Limited 1% · England
   53. Omega Steel Limited 1% · England
   54. Parson & Crossland Limited 1% · England
   55. Steel Products Direct Limited 1% · England
   56. Struthers & Carter Limited 1% · England
   57. Tubes (UK) Limited 1% · England
   58. Yarmouth Steel Services Limited 1% · England

Significant events

• “On 1 October 2025, the Group entered into an agreement to acquire Duggan Steel (Irl) Limited, a steel stockholding business operating in the Republic of Ireland across two locations. The acquisition was completed subsequent to the reporting date and is considered a non-adjusting event under FRS 102 Section 32. The transaction is expected to enhance the entity's strategic position in the Republic of Ireland, and is complementary to the Group's existing depot network which is based across the United Kingdom and Northern Ireland. The transaction will be accounted for in the next financial period. The consideration paid was £11,988,000, funded through internal cash reserves and existing debt facilities.”

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

Filings

12

last 12 months

Capital events

9

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -8.3%

  £460,217,000 → £421,840,000

• Cash

  -13.1%

  £26,012,000 → £22,610,000

• Net assets

  +0.2%

  £120,726,000 → £120,989,000

• Employees

  -7.7%

  1,199 → 1,107

• Operating profit

  -10.1%

  £5,306,000 → £4,772,000

• Profit before tax

  -20.4%

  £2,525,000 → £2,010,000

• Wages

  -7%

  £50,528,000 → £47,002,000

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