special steels limited
special steels limited Company Information
Company Number
03046151
Next Accounts
Feb 2026
Shareholders
special steel co ltd
Group Structure
View All
Industry
Other non-ferrous metal production
+1Registered Address
bacon lane, sheffield, S9 3NH
Website
www.specialsteelgroup.comspecial steels limited Estimated Valuation
Pomanda estimates the enterprise value of SPECIAL STEELS LIMITED at £3.6m based on a Turnover of £6.7m and 0.53x industry multiple (adjusted for size and gross margin).
special steels limited Estimated Valuation
Pomanda estimates the enterprise value of SPECIAL STEELS LIMITED at £5.9m based on an EBITDA of £1.6m and a 3.59x industry multiple (adjusted for size and gross margin).
special steels limited Estimated Valuation
Pomanda estimates the enterprise value of SPECIAL STEELS LIMITED at £11.1m based on Net Assets of £5.7m and 1.94x industry multiple (adjusted for liquidity).
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Special Steels Limited Overview
Special Steels Limited is a live company located in sheffield, S9 3NH with a Companies House number of 03046151. It operates in the other non-ferrous metal production sector, SIC Code 24450. Founded in April 1995, it's largest shareholder is special steel co ltd with a 100% stake. Special Steels Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.7m with high growth in recent years.
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Special Steels Limited Health Check
Pomanda's financial health check has awarded Special Steels Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £6.7m, make it smaller than the average company (£16.6m)
- Special Steels Limited
£16.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (12.5%)
- Special Steels Limited
12.5% - Industry AVG
Production
with a gross margin of 28.7%, this company has a comparable cost of product (28.7%)
- Special Steels Limited
28.7% - Industry AVG
Profitability
an operating margin of 22.8% make it more profitable than the average company (7%)
- Special Steels Limited
7% - Industry AVG
Employees
with 50 employees, this is below the industry average (76)
50 - Special Steels Limited
76 - Industry AVG
Pay Structure
on an average salary of £43.2k, the company has an equivalent pay structure (£43.2k)
- Special Steels Limited
£43.2k - Industry AVG
Efficiency
resulting in sales per employee of £134.9k, this is less efficient (£242.3k)
- Special Steels Limited
£242.3k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is near the average (52 days)
- Special Steels Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is close to average (40 days)
- Special Steels Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 126 days, this is more than average (58 days)
- Special Steels Limited
58 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 94 weeks, this is more cash available to meet short term requirements (13 weeks)
94 weeks - Special Steels Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17.3%, this is a lower level of debt than the average (45.1%)
17.3% - Special Steels Limited
45.1% - Industry AVG
SPECIAL STEELS LIMITED financials
Special Steels Limited's latest turnover from May 2024 is estimated at £6.7 million and the company has net assets of £5.7 million. According to their latest financial statements, Special Steels Limited has 50 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,877,788 | 6,257,994 | 5,517,404 | ||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 3,147,609 | 4,575,773 | 3,902,760 | ||||||||||||
| Gross Profit | 730,179 | 1,682,221 | 1,614,644 | ||||||||||||
| Admin Expenses | 672,708 | 1,246,812 | 1,131,646 | ||||||||||||
| Operating Profit | 57,471 | 435,409 | 482,998 | ||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | 496 | 399 | 486 | ||||||||||||
| Pre-Tax Profit | 57,967 | 435,808 | 483,484 | ||||||||||||
| Tax | -12,131 | -88,740 | -104,177 | ||||||||||||
| Profit After Tax | 45,836 | 347,068 | 379,307 | ||||||||||||
| Dividends Paid | 200,000 | ||||||||||||||
| Retained Profit | -154,164 | 347,068 | 379,307 | ||||||||||||
| Employee Costs | 1,594,003 | 2,299,550 | 2,206,513 | ||||||||||||
| Number Of Employees | 50 | 50 | 49 | 55 | 62 | 61 | 54 | 45 | 51 | 60 | 67 | ||||
| EBITDA* | 241,167 | 630,845 | 675,707 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 444,090 | 310,246 | 251,836 | 271,038 | 199,286 | 265,774 | 245,640 | 266,034 | 371,619 | 526,485 | 625,882 | 823,930 | 1,007,043 | 900,240 | 1,022,501 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 444,090 | 310,246 | 251,836 | 271,038 | 199,286 | 265,774 | 245,640 | 266,034 | 371,619 | 526,485 | 625,882 | 823,930 | 1,007,043 | 900,240 | 1,022,501 |
| Stock & work in progress | 1,673,672 | 1,730,024 | 1,112,761 | 588,005 | 869,151 | 1,025,222 | 1,036,211 | 212,672 | 294,234 | 104,708 | 38,870 | 1,000 | 1,000 | 1,000 | 1,000 |
| Trade Debtors | 805,709 | 1,037,630 | 832,085 | 581,121 | 677,233 | 1,010,646 | 875,915 | 1,002,187 | 852,021 | 1,065,634 | 1,315,333 | 2,301,731 | 2,440,113 | 1,439,524 | 1,106,558 |
| Group Debtors | 1,835,168 | 2,019,476 | 1,971,258 | 1,837,779 | 1,518,288 | 1,247,746 | 1,041,446 | 1,174,119 | 725,730 | 787,823 | 1,377,107 | ||||
| Misc Debtors | 96,423 | 432,557 | 92,476 | 106,927 | 113,950 | 113,066 | 84,729 | 110,800 | 25,011 | 23,780 | 39,025 | ||||
| Cash | 2,058,853 | 509,599 | 508,280 | 815,239 | 824,233 | 531,272 | 339,593 | 715,168 | 608,858 | 794,346 | 464,891 | 351,623 | 291,288 | 206,022 | 363,303 |
| misc current assets | |||||||||||||||
| total current assets | 6,469,825 | 5,729,286 | 4,516,860 | 3,929,071 | 4,002,855 | 3,927,952 | 3,377,894 | 3,214,946 | 2,505,854 | 2,776,291 | 3,235,226 | 2,654,354 | 2,732,401 | 1,646,546 | 1,470,861 |
| total assets | 6,913,915 | 6,039,532 | 4,768,696 | 4,200,109 | 4,202,141 | 4,193,726 | 3,623,534 | 3,480,980 | 2,877,473 | 3,302,776 | 3,861,108 | 3,478,284 | 3,739,444 | 2,546,786 | 2,493,362 |
| Bank overdraft | 468 | 33,258 | 54,190 | 9,974 | 12,190 | ||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 550,838 | 636,145 | 610,153 | 282,872 | 504,175 | 586,006 | 398,922 | 559,459 | 231,391 | 266,860 | 426,533 | 1,774,922 | 2,127,866 | 1,035,209 | 1,121,756 |
| Group/Directors Accounts | 50,175 | 199,711 | 330,096 | 308,964 | 199,929 | 311,399 | 220,369 | 80,245 | 122,662 | 255,088 | 885,625 | ||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 556 | 1,667 | |||||||||||||
| other current liabilities | 526,759 | 653,863 | 340,509 | 437,817 | 372,307 | 419,819 | 323,220 | 302,690 | 317,295 | 408,557 | 485,790 | ||||
| total current liabilities | 1,127,772 | 1,489,719 | 1,280,758 | 1,029,653 | 1,076,411 | 1,317,692 | 975,769 | 996,584 | 681,322 | 931,061 | 1,811,805 | 1,774,922 | 2,127,866 | 1,035,209 | 1,121,756 |
| loans | |||||||||||||||
| hp & lease commitments | 556 | ||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 2,222 | 11,612 | |||||||||||||
| provisions | 66,000 | 31,000 | 20,000 | 21,000 | 11,000 | 32,400 | 56,500 | 88,200 | 106,000 | 127,500 | 161,500 | ||||
| total long term liabilities | 66,000 | 31,000 | 20,000 | 21,000 | 11,000 | 32,400 | 57,056 | 90,422 | 117,612 | 127,500 | 161,500 | ||||
| total liabilities | 1,193,772 | 1,520,719 | 1,300,758 | 1,050,653 | 1,076,411 | 1,317,692 | 975,769 | 996,584 | 692,322 | 963,461 | 1,868,861 | 1,865,344 | 2,245,478 | 1,162,709 | 1,283,256 |
| net assets | 5,720,143 | 4,518,813 | 3,467,938 | 3,149,456 | 3,125,730 | 2,876,034 | 2,647,765 | 2,484,396 | 2,185,151 | 2,339,315 | 1,992,247 | 1,612,940 | 1,493,966 | 1,384,077 | 1,210,106 |
| total shareholders funds | 5,720,143 | 4,518,813 | 3,467,938 | 3,149,456 | 3,125,730 | 2,876,034 | 2,647,765 | 2,484,396 | 2,185,151 | 2,339,315 | 1,992,247 | 1,612,940 | 1,493,966 | 1,384,077 | 1,210,106 |
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 57,471 | 435,409 | 482,998 | ||||||||||||
| Depreciation | 97,711 | 76,224 | 75,855 | 79,103 | 75,195 | 84,292 | 91,368 | 169,177 | 183,696 | 195,436 | 192,709 | 200,495 | 208,406 | 197,710 | 200,805 |
| Amortisation | |||||||||||||||
| Tax | -12,131 | -88,740 | -104,177 | ||||||||||||
| Stock | -56,352 | 617,263 | 524,756 | -281,146 | -156,071 | -10,989 | 823,539 | -81,562 | 189,526 | 65,838 | 37,870 | 1,000 | |||
| Debtors | -752,363 | 593,844 | 369,992 | 216,356 | -61,987 | 369,368 | -285,016 | 684,344 | -274,475 | -854,228 | 429,734 | -138,382 | 1,000,589 | 332,966 | 1,106,558 |
| Creditors | -85,307 | 25,992 | 327,281 | -221,303 | -81,831 | 187,084 | -160,537 | 328,068 | -35,469 | -159,673 | -1,348,389 | -352,944 | 1,092,657 | -86,547 | 1,121,756 |
| Accruals and Deferred Income | -127,104 | 313,354 | -97,308 | 65,510 | -47,512 | 96,599 | 20,530 | -14,605 | -91,262 | -77,233 | 485,790 | ||||
| Deferred Taxes & Provisions | 35,000 | 11,000 | -1,000 | 21,000 | -11,000 | -21,400 | -24,100 | -31,700 | -17,800 | -21,500 | -34,000 | 161,500 | |||
| Cash flow from operations | 165,854 | 1,069,489 | -790,373 | ||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -39,945 | -111,685 | |||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | -39,945 | -111,685 | |||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -149,536 | -130,385 | 21,132 | 109,035 | -111,470 | 91,030 | 140,124 | -42,417 | -132,426 | -630,537 | 885,625 | ||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | -556 | -1,667 | 2,223 | ||||||||||||
| other long term liabilities | -2,222 | -9,390 | 11,612 | ||||||||||||
| share issue | |||||||||||||||
| interest | 399 | ||||||||||||||
| cash flow from financing | -631,805 | ||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 1,549,254 | 1,319 | -306,959 | -8,994 | 292,961 | 191,679 | -375,575 | 106,310 | -185,488 | 329,455 | 113,268 | 60,335 | 85,266 | -157,281 | 363,303 |
| overdraft | -468 | -32,790 | -20,932 | 44,216 | 9,974 | -12,190 | 12,190 | ||||||||
| change in cash | 1,549,254 | 1,319 | -306,959 | -8,994 | 293,429 | 224,469 | -354,643 | 62,094 | -195,462 | 341,645 | 101,078 | 60,335 | 85,266 | -157,281 | 363,303 |
special steels limited Credit Report and Business Information
Special Steels Limited Competitor Analysis
Perform a competitor analysis for special steels limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in S 9 area or any other competitors across 12 key performance metrics.
special steels limited Ownership
SPECIAL STEELS LIMITED group structure
Special Steels Limited has 1 subsidiary company.
Ultimate parent company
1 parent
SPECIAL STEELS LIMITED
03046151
1 subsidiary
special steels limited directors
Special Steels Limited currently has 6 directors. The longest serving directors include Mr Alan Beardshaw (May 1995) and Mr Bennett Beardshaw (May 2005).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alan Beardshaw | 77 years | May 1995 | - | Director | |
| Mr Bennett Beardshaw | 47 years | May 2005 | - | Director | |
| Mr Alan Beardshaw | 51 years | May 2005 | - | Director | |
| Mr Michael Forster | England | 41 years | Sep 2014 | - | Director |
| Mr Michael Greensmith | 52 years | Aug 2022 | - | Director | |
| Mr Steven Parkin | 57 years | Mar 2025 | - | Director |
P&L
May 2024turnover
6.7m
-4%
operating profit
1.5m
0%
gross margin
28.7%
+15.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2024net assets
5.7m
+0.27%
total assets
6.9m
+0.14%
cash
2.1m
+3.04%
net assets
Total assets minus all liabilities
special steels limited company details
company number
03046151
Type
Private limited with Share Capital
industry
24450 - Other non-ferrous metal production
25610 - Treatment and coating of metals
incorporation date
April 1995
age
30
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
May 2024
previous names
swanlake investments limited (June 1995)
accountant
BHP LLP
auditor
-
address
bacon lane, sheffield, S9 3NH
Bank
BARCLAYS BANK PLC
Legal Advisor
-
special steels limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 2 charges/mortgages relating to special steels limited. Currently there are 0 open charges and 2 have been satisfied in the past.
special steels limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for SPECIAL STEELS LIMITED. This can take several minutes, an email will notify you when this has completed.
special steels limited Companies House Filings - See Documents
| date | description | view/download |
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