Steelway Fensecure Limited

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steelway fensecure limited Company Information

Live

MatureLargeHigh

Company Number

03872973

Next Accounts

Mar 2026

Industry

Manufacture of metal structures and parts of structures

Directors

Yusufa Sey

Paul Sweeting

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Shareholders

steelway group holdings limited

Group Structure

View All

Contact

Registered Address

queensgate works, bilston road, wolverhampton, west midlands, WV2 2NJ

Website

www.steelway.co.uk

steelway fensecure limited Estimated Valuation

£24.7m

Pomanda estimates the enterprise value of STEELWAY FENSECURE LIMITED at £24.7m based on a Turnover of £23m and 1.07x industry multiple (adjusted for size and gross margin).

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Steelway Fensecure Limited is a live company located in wolverhampton, WV2 2NJ with a Companies House number of 03872973. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in November 1999, it's largest shareholder is steelway group holdings limited with a 100% stake. Steelway Fensecure Limited is a mature, large sized company, Pomanda has estimated its turnover at £23m with high growth in recent years.

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Pomanda's financial health check has awarded Steelway Fensecure Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

7 Strong

1 Regular

4 Weak

Size

annual sales of £23m, make it larger than the average company (£13.9m)

Growth

3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (13.1%)

EXPORT

Steelway Fensecure Limited's latest turnover from June 2024 is £23 million and the company has net assets of £1.3 million. According to their latest financial statements, Steelway Fensecure Limited has 181 employees and maintains cash reserves of £79.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	23,013,510	18,690,966	14,484,886	11,159,899	12,176,251	12,782,097	11,539,091	11,135,198	11,181,873	12,126,773	12,410,533	10,806,703	11,358,278	11,874,662	9,946,568
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	13,686,944	13,448,676	10,446,306	7,849,058	8,448,029	8,851,610	8,206,157	7,836,669	7,723,267	8,388,542	9,076,348	7,558,115	8,071,066	8,680,233	7,311,516
Gross Profit	9,326,566	5,242,290	4,038,580	3,310,841	3,728,222	3,930,487	3,332,934	3,298,529	3,458,606	3,738,231	3,334,185	3,248,588	3,287,212	3,194,429	2,635,052
Admin Expenses	7,705,346	4,395,640	3,907,604	3,451,457	3,324,984	3,377,468	3,046,134	3,158,766	3,157,484	3,305,666	3,055,621	3,084,492	2,897,943	2,910,398	3,082,730
Operating Profit	1,621,220	846,650	130,976	-140,616	403,238	553,019	286,800	139,763	301,122	432,565	278,564	164,096	389,269	284,031	-447,678
Interest Payable	228,247	80,561	39,417	23,595	16,499	41,780	49,480	39,514	43,761	51,463	58,200	64,494	62,741	61,874	38,215
Interest Receivable	0	16,199	0	0	0	0	0	0	0	103	0	0	0	0	0
Pre-Tax Profit	1,451,324	762,286	91,559	-164,211	386,739	511,239	237,320	100,249	257,361	381,205	220,364	99,602	326,528	222,157	-485,893
Tax	-269,427	-168,954	-25,671	20,969	40,883	-40,461	62,531	39,246	-25,972	-61,719	-31,013	4,743	-64,541	-47,445	135,123
Profit After Tax	1,181,897	593,332	65,888	-143,242	427,622	470,778	299,851	139,495	231,389	319,486	189,351	104,345	261,987	174,712	-350,770
Dividends Paid	1,013,640	607,157	227,109	842,963	40,000	47,000	47,000	47,000	49,000	47,000	125,000	31,500	31,500	0	2,310,000
Retained Profit	168,257	-13,825	-161,221	-986,205	387,622	423,778	252,851	92,495	182,389	272,486	64,351	72,845	230,487	174,712	-2,660,770
Employee Costs	8,222,585	6,029,035	5,322,547	4,590,141	4,892,997	4,941,300	4,574,966	4,538,084	4,516,449	4,702,261	4,685,285	4,402,292	4,333,594	4,321,260	4,109,306
Number Of Employees	181	159	138	127	132	133	134	142	148	153	153	160	150	150	148
EBITDA*	1,805,861	1,019,973	295,362	14,131	577,017	747,044	502,947	316,212	504,365	631,739	410,242	303,517	519,737	412,773	-269,890

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	426,271	473,867	566,097	648,545	754,186	884,405	1,009,620	645,338	763,959	953,185	954,811	496,886	612,120	482,994	551,042
Intangible Assets	4,500	9,000	13,500	18,000	22,500	27,000	31,500	36,000	40,500	45,000	0	0	0	0	0
Investments & Other	0	0	20,002	2	2	2	2	2	2	2	2	2	2	2	2
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	430,771	482,867	599,599	666,547	776,688	911,407	1,041,122	681,340	804,461	998,187	954,813	496,888	612,122	482,996	551,044
Stock & work in progress	951,842	872,938	1,033,178	650,137	547,798	544,224	453,334	433,584	451,866	535,983	624,215	697,726	643,511	694,669	762,688
Trade Debtors	5,315,011	3,703,649	2,819,930	2,458,447	2,091,934	2,528,867	3,274,064	3,016,715	2,561,619	2,733,586	3,252,927	2,750,050	2,168,518	2,503,775	2,165,715
Group Debtors	0	0	0	0	653,512	645,563	596,541	567,609	539,070	512,811	443,540	505,732	476,715	175,849	147,540
Misc Debtors	1,444,818	1,686,450	193,429	193,045	175,507	61,218	132,852	82,554	62,529	51,557	66,712	57,504	54,608	77,915	151,701
Cash	79,092	130,680	397,295	390,704	104,178	67,432	53,892	68,361	59,608	56,212	743	44,935	9,567	12,565	69,806
misc current assets	0	0	0	0	133,165	39,743	0	0	0	0	0	0	0	0	0
total current assets	7,790,763	6,393,717	4,443,832	3,692,333	3,706,094	3,887,047	4,510,683	4,168,823	3,674,692	3,890,149	4,388,137	4,055,947	3,352,919	3,464,773	3,297,450
total assets	8,221,534	6,876,584	5,043,431	4,358,880	4,482,782	4,798,454	5,551,805	4,850,163	4,479,153	4,888,336	5,342,950	4,552,835	3,965,041	3,947,769	3,848,494
Bank overdraft	0	0	0	0	0	0	0	0	0	23,000	1,681,423	1,323,563	0	0	0
Bank loan	35,750	41,000	0	0	0	0	0	0	0	0	0	0	723,022	794,934	1,127,481
Trade Creditors	2,917,497	1,948,194	2,149,260	1,563,161	728,585	1,487,194	1,419,769	1,243,768	1,148,982	1,206,987	1,194,020	1,482,112	1,230,258	1,576,383	1,482,642
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	2,133,288	1,306,187	0	0	0	0	1,191,946	1,036,304	581,719	870,238	0	0	0	0	0
hp & lease commitments	0	0	0	0	84,600	99,420	197,670	120,298	145,752	164,501	170,875	106,182	119,478	81,733	69,432
other current liabilities	1,626,269	2,212,048	1,677,539	1,427,609	1,165,908	993,622	867,548	948,520	1,055,194	1,053,853	987,026	824,958	1,018,546	934,509	694,515
total current liabilities	6,712,804	5,507,429	3,826,799	2,990,770	1,979,093	2,580,236	3,676,933	3,348,890	2,931,647	3,318,579	4,033,344	3,736,815	3,091,304	3,387,559	3,374,070
loans	123,250	153,750	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	112,800	197,400	296,819	127,890	233,460	379,213	423,037	126,122	232,303	178,657	225,016
Accruals and Deferred Income	0	0	0	15,928	0	0	0	0	0	0	0	0	0	0	36,460
other liabilities	0	0	0	0	0	0	0	0	0	130,773	0	0	0	0	0
provisions	78,122	76,304	63,706	38,035	59,004	63,210	22,749	49,456	61,141	98,554	83,214	34,723	53,505	28,255	30,062
total long term liabilities	201,372	230,054	63,706	53,963	171,804	260,610	319,568	177,346	294,601	608,540	506,251	160,845	285,808	206,912	291,538
total liabilities	6,914,176	5,737,483	3,890,505	3,044,733	2,150,897	2,840,846	3,996,501	3,526,236	3,226,248	3,927,119	4,539,595	3,897,660	3,377,112	3,594,471	3,665,608
net assets	1,307,358	1,139,101	1,152,926	1,314,147	2,331,885	1,957,608	1,555,304	1,323,927	1,252,905	961,217	803,355	655,175	587,929	353,298	182,886
total shareholders funds	1,307,358	1,139,101	1,152,926	1,314,147	2,331,885	1,957,608	1,555,304	1,323,927	1,252,905	961,217	803,355	655,175	587,929	353,298	182,886

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	1,621,220	846,650	130,976	-140,616	403,238	553,019	286,800	139,763	301,122	432,565	278,564	164,096	389,269	284,031	-447,678
Depreciation	180,141	168,823	159,886	150,247	169,279	189,525	171,147	171,949	198,743	199,174	131,678	139,421	130,468	128,742	177,788
Amortisation	4,500	4,500	4,500	4,500	4,500	4,500	45,000	4,500	4,500	0	0	0	0	0	0
Tax	-269,427	-168,954	-25,671	20,969	40,883	-40,461	62,531	39,246	-25,972	-61,719	-31,013	4,743	-64,541	-47,445	135,123
Stock	78,904	-160,240	383,041	102,339	3,574	90,890	19,750	-18,282	-84,117	-88,232	-73,511	54,215	-51,158	-68,019	762,688
Debtors	1,369,730	2,376,740	361,867	-269,461	-314,695	-767,809	336,579	503,660	-134,736	-465,225	449,893	613,445	-57,698	292,583	2,464,956
Creditors	969,303	-201,066	586,099	834,576	-758,609	67,425	176,001	94,786	-58,005	12,967	-288,092	251,854	-346,125	93,741	1,482,642
Accruals and Deferred Income	-585,779	534,509	234,002	277,629	172,286	126,074	-80,972	-106,674	1,341	66,827	162,068	-193,588	84,037	203,534	730,975
Deferred Taxes & Provisions	1,818	12,598	25,671	-20,969	-4,206	40,461	-26,707	-11,685	-37,413	15,340	48,491	-18,782	25,250	-1,807	30,062
Cash flow from operations	473,142	-1,019,440	370,555	1,293,458	338,492	1,617,462	277,471	-153,493	603,169	1,218,611	-74,686	-319,916	327,214	436,232	-1,118,732
Investing Activities
capital expenditure	-132,545	-76,593	-77,438	-44,606	-39,060	-64,310	-575,929	-53,328	-9,517	-242,548	-589,603	-24,187	-259,594	-60,694	-728,830
Change in Investments	0	-20,002	20,000	0	0	0	0	0	0	0	0	0	0	0	2
cash flow from investments	-132,545	-56,591	-97,438	-44,606	-39,060	-64,310	-575,929	-53,328	-9,517	-242,548	-589,603	-24,187	-259,594	-60,694	-728,832
Financing Activities
Bank loans	-5,250	41,000	0	0	0	0	0	0	0	0	0	-723,022	-71,912	-332,547	1,127,481
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	827,101	1,306,187	0	0	0	-1,191,946	155,642	454,585	-288,519	870,238	0	0	0	0	0
Long term loans	-30,500	153,750	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	-197,400	-99,420	-197,669	246,301	-131,024	-164,502	-50,198	361,608	-119,477	91,391	-34,058	294,448
other long term liabilities	0	0	0	0	0	0	0	0	-130,773	130,773	0	0	0	0	0
share issue	0	0	0	-31,533	-13,345	-21,474	-21,474	-21,473	109,299	-114,624	83,829	-5,599	4,144	-4,300	2,843,656
interest	-228,247	-64,362	-39,417	-23,595	-16,499	-41,780	-49,480	-39,514	-43,761	-51,360	-58,200	-64,494	-62,741	-61,874	-38,215
cash flow from financing	563,104	1,436,575	-39,417	-252,528	-129,264	-1,452,869	330,989	262,574	-518,256	784,829	387,237	-912,592	-39,118	-432,779	4,227,370
cash and cash equivalents
cash	-51,588	-266,615	6,591	286,526	36,746	13,540	-14,469	8,753	3,396	55,469	-44,192	35,368	-2,998	-57,241	69,806
overdraft	0	0	0	0	0	0	0	0	-23,000	-1,658,423	357,860	1,323,563	0	0	0
change in cash	-51,588	-266,615	6,591	286,526	36,746	13,540	-14,469	8,753	26,396	1,713,892	-402,052	-1,288,195	-2,998	-57,241	69,806

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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STEELWAY FENSECURE LIMITED group structure

Steelway Fensecure Limited has 3 subsidiary companies.

Ultimate parent company

NORTHERN INDUSTRIES AS

#0147583

STEELWAY GROUP HOLDINGS LTD

12948395

2 parents

STEELWAY FENSECURE LIMITED

03872973

3 subsidiaries

STEELWAY LIMITED

04149661

FENSECURE LIMITED

04136575

MATT PAGE INSTALLATIONS LTD

09468929

STEELWAY FENSECURE LIMITED Shareholders

steelway group holdings limited

100%

Steelway Fensecure Limited currently has 4 directors. The longest serving directors include Mr Yusufa Sey (Dec 2020) and Mr Paul Sweeting (Apr 2021).

officer	country	age	start	end	role
Mr Yusufa Sey		37 years	Dec 2020	-	Director
Mr Paul Sweeting		41 years	Apr 2021	-	Director
Ms Sonia Shaw		50 years	Nov 2023	-	Director
Mr Alan Curtis	England	42 years	Nov 2023	-	Director

P&L

June 2024

turnover

23m

+23%

operating profit

1.6m

+91%

gross margin

40.6%

+44.49%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2024

net assets

1.3m

+0.15%

total assets

8.2m

+0.2%

cash

79.1k

-0.39%

net assets

Total assets minus all liabilities

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company number

03872973

Type

Private limited with Share Capital

industry

25110 - Manufacture of metal structures and parts of structures

incorporation date

November 1999

ultimate parent company

NORTHERN INDUSTRIES AS

previous names

millersford limited (June 2000)

address

queensgate works, bilston road, wolverhampton, west midlands, WV2 2NJ

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 15 charges/mortgages relating to steelway fensecure limited. Currently there are 2 open charges and 13 have been satisfied in the past.

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.

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steelway fensecure limited Company Information

steelway fensecure limited Estimated Valuation

steelway fensecure limited Estimated Valuation

steelway fensecure limited Estimated Valuation

Steelway Fensecure Limited Overview

Steelway Fensecure Limited Health Check

STEELWAY FENSECURE LIMITED financials

steelway fensecure limited Credit Report and Business Information

Steelway Fensecure Limited Competitor Analysis

steelway fensecure limited Ownership

steelway fensecure limited directors

steelway fensecure limited company details

steelway fensecure limited Charges & Mortgages

steelway fensecure limited Capital Raised & Share Issues BETA

steelway fensecure limited Companies House Filings - See Documents