SHEFFIELD FORGEMASTERS INTERNATIONAL LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-09-15 (in 4mo)
Last made up 2025-09-01
Watchouts
None on the register
Cash
£94M
+35.5% vs 2024
Net assets
£381M
+72% vs 2024
Employees
698
+8.9% vs 2024
Profit before tax
£547K
+110.9% vs 2024
Name history
Renamed 1 time since incorporation
- SHEFFIELD FORGEMASTERS INTERNATIONAL LIMITED 2005-07-14 → present
- PENCIL TOP LIMITED 2003-09-01 → 2005-07-14
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £94,939,000 | £114,420,000 | |
| Operating profit | -£5,230,000 | -£1,239,000 | |
| Profit before tax | -£5,009,000 | £547,000 | |
| Net profit | -£5,390,000 | £285,000 | |
| Cash | £69,157,000 | £93,735,000 | |
| Total assets less current liabilities | £254,696,000 | £412,227,000 | |
| Net assets | £221,353,000 | £380,638,000 | |
| Equity | £221,353,000 | £380,638,000 | |
| Average employees | 641 | 698 | |
| Wages | £28,342,000 | £32,080,000 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -5.5% | -1.1% | |
| Net margin | -5.7% | 0.2% | |
| Return on capital employed | -2.1% | -0.3% | |
| Current ratio | 1.58x | 1.89x | |
| Interest cover | -19.66x | -7.08x |
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
- Consolidated group
- Auditor
- Armstrong Watson Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On this basis, the Directors have concluded that the Group does have sufficient financial resources to meet its obligations as they fall due for the next 12 months. As such, the going concern basis is determined to be appropriate for the preparation of the financial statements for the year ended 31 March 2025.”
Group structure
- SHEFFIELD FORGEMASTERS INTERNATIONAL LIMITED · parent
- Sheffield Forgemasters Engineering Limited 1%
- Sheffield Forgemasters Steel Limited 1%
Significant events
- “On 19 August 2021 the Secretary of State for Defence for Great Britain and Northern Ireland acquired 100% of the share capital of the Company, recognising the unique capability of the Group.”
- “The recapitalisation project is now in its third year and is progressing in line with the planned schedule and budget.”
- “During the year, the board resolved to dissolve Sheffield Forgemasters Steel Limited (SFSL), a dormant wholly-owned subsidiary.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PROCTOR, Sinead | Secretary | 2023-10-18 | — | — |
| BARKER, Gareth Keith | Director | 2020-08-28 | Feb 1977 | British |
| BONE, Norman James | Director | 2024-01-01 | Aug 1962 | British |
| BUTCHER, Simon Patrick Loftus | Director | 2022-04-14 | Oct 1967 | British |
| DAVISON, Thomas Patrick | Director | 2025-06-02 | Aug 1979 | British |
| FRASER, Timothy Peter, Admiral Sir | Director | 2023-02-01 | Apr 1963 | British |
| MCNAUGHTON, Andrew James | Director | 2021-12-14 | Nov 1963 | British |
| NUTTER, Gary Robin | Director | 2024-03-18 | Apr 1968 | British |
| PHEASEY, Carl | Director | 2026-03-30 | Aug 1979 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AUTY, David | Secretary | 2003-09-03 | 2005-07-01 |
| KELLY, Stuart Malcolm | Secretary | 2023-03-28 | 2023-10-18 |
| LOVELL, John Philip | Secretary | 2005-07-01 | 2018-08-06 |
| SKELTON, Allan Geoffrey | Secretary | 2018-08-07 | 2023-03-28 |
| YORK PLACE COMPANY SECRETARIES LIMITED | Corporate Nominee Secretary | 2003-09-01 | 2003-09-03 |
| BIRTLES, Peter | Director | 2005-09-19 | 2015-12-31 |
| BOLTON, Jonathan Martin | Director | 2016-07-01 | 2017-11-16 |
| BOND, David Alan | Director | 2018-08-01 | 2024-03-18 |
| CAHILL, Paul Alexander | Director | 2018-10-02 | 2021-04-30 |
| COLGAN, Julie | Director | 2023-05-24 | 2026-03-30 |
| DUGGINS, David Kenneth | Director | 2016-11-22 | 2021-12-31 |
| GRATTON, Lorna | Director | 2021-10-27 | 2023-05-24 |
| GREY, Amy Elizabeth | Director | 2023-07-27 | 2024-12-31 |
| HAMMELL, Stephen John | Director | 2018-07-24 | 2023-04-30 |
| HONEYMAN, Graham Aubrey, Dr | Director | 2005-07-01 | 2018-07-31 |
| KENNY, Peter | Director | 2007-02-01 | 2011-04-30 |
| LOVELL, John Philip | Director | 2016-02-22 | 2018-08-31 |
| MASKREY, Neil Anthony | Director | 2008-10-06 | 2016-05-31 |
| MUNDAY, Janice Margaret | Director | 2016-10-25 | 2023-12-29 |
| PEDDER, Anthony Paul | Director | 2005-09-19 | 2017-04-30 |
| SMITH, Colin Peter | Director | 2018-10-25 | 2023-02-01 |
| TATE, James Frederick | Director | 2016-10-26 | 2018-01-31 |
| WALKER MORRIS LIMITED | Corporate Director | 2003-09-03 | 2005-07-01 |
| YORK PLACE COMPANY NOMINEES LIMITED | Corporate Nominee Director | 2003-09-01 | 2003-09-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Secretary Of State For Defence Of Great Britain And Northern Ireland | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-08-19 | Active |
| Sheffield Forgemasters Share Trustees Limited | Corporate entity | Shares 25–50% | 2018-09-07 | Ceased 2021-08-19 |
| Dr Graham Aubrey Honeyman | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-08-19 |
Filing timeline
Last 20 of 197 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-24 | SH01 | capital | Capital allotment shares | |
| 2026-03-24 | SH01 | capital | Capital allotment shares | |
| 2026-03-04 | SH01 | capital | Capital allotment shares | |
| 2026-02-03 | SH01 | capital | Capital allotment shares | |
| 2025-12-23 | AA | accounts | Accounts with accounts type group | |
| 2025-11-27 | SH01 | capital | Capital allotment shares | |
| 2025-10-30 | SH01 | capital | Capital allotment shares | |
| 2025-10-16 | SH01 | capital | Capital allotment shares | |
| 2025-10-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-15 | SH01 | capital | Capital allotment shares | |
| 2025-08-25 | SH01 | capital | Capital allotment shares | |
| 2025-06-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-05 | SH01 | capital | Capital allotment shares | |
| 2025-05-05 | SH01 | capital | Capital allotment shares | |
| 2025-05-05 | SH01 | capital | Capital allotment shares | |
| 2025-03-24 | SH01 | capital | Capital allotment shares | |
| 2025-01-13 | SH01 | capital | Capital allotment shares | |
| 2025-01-06 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 17
- Capital events
- 14
- Officers appointed
- 2
- Officers resigned
- 1
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 2025-03-31 vs 2024-03-31
-
Turnover
+20.5%
£94,939,000 £114,420,000
-
Cash
+35.5%
£69,157,000 £93,735,000
-
Net assets
+72%
£221,353,000 £380,638,000
-
Employees
+8.9%
641 698
-
Operating profit
+76.3%
-£5,230,000 -£1,239,000
-
Profit before tax
+110.9%
-£5,009,000 £547,000
-
Wages
+13.2%
£28,342,000 £32,080,000
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