PHOENIX STEEL LIMITED
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Next accounts due
2026-06-29 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2027-02-24 (in 9mo)
Last made up 2026-02-10
Watchouts
None on the register
Cash
£5M
-2.6% vs 2023
Net assets
£9M
+0.2% vs 2023
Employees
63
-1.6% vs 2023
Profit before tax
£214K
-80.4% vs 2023
Net assets
3-year trend · vs Basic Materials median
Accounts
3-year trend · latest reflected 2024-09-30
| Metric | Trend | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|
| Turnover | — | £16,423,348 | £14,571,602 | |
| Operating profit | — | £1,027,406 | £73,256 | |
| Profit before tax | — | £1,090,063 | £213,631 | |
| Net profit | — | £824,463 | £151,493 | |
| Cash | — | £5,524,541 | £5,383,239 | |
| Total assets less current liabilities | — | £9,639,862 | £9,631,798 | |
| Net assets | — | £8,951,532 | £8,972,049 | |
| Equity | — | £8,951,532 | £8,972,049 | |
| Average employees | — | 64 | 63 | |
| Wages | — | £1,811,249 | £1,863,308 |
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 | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|
| Operating margin | — | 6.3% | 0.5% | |
| Net margin | — | 5.0% | 1.0% | |
| Return on capital employed | — | 10.7% | 0.8% | |
| Gearing (liabilities / total assets) | — | 33.7% | 29.5% | |
| Current ratio | — | 2.86x | 3.35x | |
| Interest cover | — | — | 18.12x |
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
- Mitchells Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.”
Significant events
- “The period between 2023 and 2024 proved challenging for the steel industry, with softened rates, destocking, higher employment costs, and inflated interest rates impacting business confidence.”
- “Anticipate 2024-2025 to remain challenging due to high interest rates and potential business insolvencies, with plans to invest in processing equipment and refurbish warehouses.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FUESDALE, Ian | Secretary | 1998-10-01 | — | British |
| CONROY, Vincent Benedict | Director | 2008-04-11 | Apr 1968 | British |
| FUESDALE, Ian | Director | 1998-10-01 | Jun 1963 | British |
| MULLEN, James | Director | 1998-10-01 | Sep 1963 | British |
| SHIELS, Peter | Director | 2017-01-01 | Nov 1963 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| RANDALLS COMPANY SECRETARIAL LIMITED | Corporate Secretary | 1998-04-24 | 1998-10-01 |
| RANDALLS NOMINEES LIMITED | Corporate Director | 1998-04-24 | 1998-10-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Phoenix Steel Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2025-04-06 | Active |
| Mr James Mullen | Individual | Shares 75–100% | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 90 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-16 | CH01 | officers | Change person director company with change date | |
| 2025-12-19 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-19 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-06-10 | AA | accounts | Accounts with accounts type full | |
| 2025-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-14 | AA | accounts | Accounts with accounts type full | |
| 2024-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-20 | AA | accounts | Accounts with accounts type full | |
| 2023-02-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-10 | AA | accounts | Accounts with accounts type full | |
| 2022-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-03-15 | AA | accounts | Accounts with accounts type full | |
| 2021-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-11-13 | AA01 | accounts | Change account reference date company previous extended | |
| 2020-02-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-01-04 | CH01 | officers | Change person director company with change date | |
| 2019-09-17 | AA | accounts | Accounts with accounts type full | |
| 2019-04-24 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- 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
FY2023 → FY2024 · period ending 2024-09-30 vs 2023-09-30
-
Turnover
-11.3%
£16,423,348 £14,571,602
-
Cash
-2.6%
£5,524,541 £5,383,239
-
Net assets
+0.2%
£8,951,532 £8,972,049
-
Employees
-1.6%
64 63
-
Operating profit
-92.9%
£1,027,406 £73,256
-
Profit before tax
-80.4%
£1,090,063 £213,631
-
Wages
+2.9%
£1,811,249 £1,863,308
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