STEEL MIDCO 1 LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-25 (in 11mo)
Last made up 2026-04-11
Watchouts
None on the register
Cash
£4M
-32% vs 2023
Net assets
-£50M
-64.6% vs 2023
Employees
224
+55.6% vs 2023
Profit before tax
-£19M
-5% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £19,044,402 | £23,403,762 | |
| Operating profit | -£6,430,820 | -£4,985,183 | |
| Profit before tax | -£17,953,781 | -£18,855,991 | |
| Net profit | -£19,174,834 | -£19,218,304 | |
| Cash | £6,109,163 | £4,154,612 | |
| Total assets less current liabilities | £90,087,206 | £81,725,279 | |
| Net assets | -£30,166,806 | -£49,640,365 | |
| Equity | -£30,166,806 | -£49,640,365 | |
| Average employees | 144 | 224 | |
| Wages | £8,575,721 | £10,470,240 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -33.8% | -21.3% | |
| Net margin | -100.7% | -82.1% | |
| Return on capital employed | -7.1% | -6.1% | |
| Gearing (liabilities / total assets) | 130.5% | 154.7% | |
| Current ratio | 1.85x | 1.79x | |
| Interest cover | -0.56x | -0.36x |
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
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have reviewed the group's forecasts and projections, taking into account reasonably possible changes in trading performance and reverse stress testing, which show that the group expects to be able to generate sufficient financial resources to meet its liabilities as they fall due and meet covenant tests on its bank loans over at least the next twelve months”
Group structure
- STEEL MIDCO 1 LIMITED · parent
- Steel Midco 2 Limited 100%
- Steel Bidco Limited 100%
- Wallstreetdocs Limited 100%
- Regxchange Limited 100%
- WSD Barclays Serviceco Limited 100%
- Wallstreetdocs (USA) Inc 100%
- Regxchange Ancillary Services Limited 100%
- Solvians IT-Solutions GmbH 100%
- Solvians Switzerland AG 100%
- Solvians (Asia) Limited 100%
- WSD Limitada 100%
- Edgar Compliance Services Limited 84.62%
- Compliance Services Limited 86.92%
Significant events
- “On 30 April 2025, Wallstreetdocs Limited entered in to an agreement with the minority shareholder of its subsidiary, Edgar Compliance Services Limited, to purchase the 150 shares held by the minority shareholder for cash consideration of £1,285,714. Subsequent to this transaction, Edgar Compliance Services Limited became 100% owned by the group”
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 |
|---|---|---|---|---|
| HOLLOWOOD, Ben James | Director | 2022-09-02 | Aug 1980 | British |
| ISMAIL, Munther | Director | 2026-01-05 | Feb 1988 | British |
| SHELFORD, Thomas | Director | 2022-04-12 | May 1980 | British |
| STRASSER, Mathias | Director | 2022-04-15 | Apr 1974 | Austrian |
| WISE, Kevin | Director | 2026-01-05 | May 1973 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JAGAIT, Sukhdeep Singh | Director | 2022-04-12 | 2024-01-31 |
| PEARCE, David Robert | Director | 2022-09-02 | 2025-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bowmark Investment Partnership Vi, Nominees Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2022-04-13 | Ceased 2022-04-15 |
| Bowmark Capital Partners Vi, Nominees Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-04-12 | Active |
Filing timeline
Last 20 of 22 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-26 | AA | accounts | Accounts with accounts type group | |
| 2025-04-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-03 | AA | accounts | Accounts with accounts type group | |
| 2024-05-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-29 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-07-26 | AA | accounts | Accounts with accounts type group | |
| 2023-05-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2022-04-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-04-27 | AP01 | officers | Appoint person director company with name date | |
| 2022-04-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-04-27 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-04-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-04-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+22.9%
£19,044,402 £23,403,762
-
Cash
-32%
£6,109,163 £4,154,612
-
Net assets
-64.6%
-£30,166,806 -£49,640,365
-
Employees
+55.6%
144 224
-
Operating profit
+22.5%
-£6,430,820 -£4,985,183
-
Profit before tax
-5%
-£17,953,781 -£18,855,991
-
Wages
+22.1%
£8,575,721 £10,470,240
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