STEER GROUP LIMITED

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

“Directors conclude the Group has enough liquidity to continue operating, with no significant uncertainty about its status as a going concern”

Group structure

1. STEER GROUP LIMITED · parent
   1. Steer Davies & Gleave Holdings Limited 100% · United Kingdom · Holding company
   2. Steer Davies & Gleave Limited 100% · United Kingdom · Transport and infrastructure consultancy
   3. Steer Davies & Gleave Inc 100% · United States · Transport and infrastructure consultancy
   4. Amberside Advisors Limited 100% · UK · Infrastructure and energy transition consultancy
   5. Fourth Economy Consulting, Inc 100% · USA · Transport and infrastructure consultancy
   6. Steer Davies & Gleave North America Incorporated 100% · Canada · Transport and infrastructure consultancy
   7. Steer Davies & Gleave do Brasil - Consultoria em Engenharia de Transportes Ltda 100% · Brazil · Transport and infrastructure consultancy
   8. Steer Davies & Gleave Chile Ltda 100% · Chile · Transport and infrastructure consultancy
   9. Steer Davies & Gleave Mexico Ltda 100% · Mexico · Transport and infrastructure consultancy
   10. Steer Davies Gleave India Private Limited 100% · India · Transport and infrastructure consultancy
   11. Steer Davies & Gleave Belgium 100% · Belgium · Transport and infrastructure consultancy

Significant events

• “Financial year 2025 was both challenging and disappointing for the Group with falls in revenue and profit before tax reported”
• “profit before tax of £2 51m before staff bonus”
• “order book growth of 20% on the prior year”
• “secured a Gold award from the Employer Network for Equity and Inclusion”
• “Group revenues declined by 9%, falling from £69 5m in the previous year to £63m”
• “The primary contributor to this decrease was the North America region, which recorded a 26% reduction in revenue (£5 8 million)”
• “UK region reported stable performance and accounted for 60% of total group revenue”
• “Employment and direct costs rose to 78% of revenue from 76% last year”
• “lower consultant utilisation negatively affects cost recovery and profit margins”
• “Resource realignment, primarily in regions with market declines, led to a 10% reduction in headcount (24% in North America), costing the group £1 14m”
• “Group reported a profit before tax of £1 34m (2024 £4 4m) and an operating profit margin of 2 1%, reflecting a decrease compared to the previous year (2024 operating margın 63%)”
• “total bonus awarded to staff was £1 17m, reduced from £2 4m in 2024”
• “trade creditors decreasing from £2 4m in 2024 to £18m”
• “overall net assets for the Group saw a decrease of £1m”
• “Group experienced a reduction in generated operational cash to £971k, compared to £4 7m in the previous year”
• “Increased taxation and the completion of contingent consideration payments accounted for an additional £2 3m”
• “year-end cash remained strong at £17 9m, above the £12m required for working capital and generating £0 4m in interest income”
• “scope 1 emissions is related to our premises strategy to continuously seek ways to be more energy efficient in our offices”
• “absolute reduction in scope 2 emissions is related to our premises strategy to transition to more sustainable buildings”
• “Business travel - business travel related emissions have increased by 41% in FY25”
• “Purchased goods and services - purchased goods and services emissions have increased by significantly in FY25”
• “commuting related emissions have reduced by 31% in FY25 while homeworking emissions increased by 96%”
• “Total scope 1, 2 and 3 - when including all new categories of reporting, this shows an increase in emissions of 125% in FY25 compared to FY24”

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

Filings

4

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -9.4%

  £69,581,000 → £63,055,000

• Cash

  -13.8%

  £20,759,000 → £17,902,000

• Net assets

  -4.2%

  £33,503,000 → £32,090,000

• Employees

  -8.3%

  529 → 485

• Operating profit

  -75.7%

  £4,046,000 → £984,000

• Profit before tax

  -69.2%

  £4,358,000 → £1,344,000

• Wages

  -7.9%

  £36,691,000 → £33,797,000

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