steelcase (south - east) limited
steelcase (south - east) limited Company Information
Company Number
05024679
Next Accounts
Nov 2025
Shareholders
steelcase holding ltd
Group Structure
View All
Industry
Manufacture of office and shop furniture
Registered Address
77-79 farringdon road, london, EC1M 3JU
Website
www.steelcase.co.uksteelcase (south - east) limited Estimated Valuation
Pomanda estimates the enterprise value of STEELCASE (SOUTH - EAST) LIMITED at £15.8m based on a Turnover of £29.2m and 0.54x industry multiple (adjusted for size and gross margin).
steelcase (south - east) limited Estimated Valuation
Pomanda estimates the enterprise value of STEELCASE (SOUTH - EAST) LIMITED at £2.6m based on an EBITDA of £533k and a 4.95x industry multiple (adjusted for size and gross margin).
steelcase (south - east) limited Estimated Valuation
Pomanda estimates the enterprise value of STEELCASE (SOUTH - EAST) LIMITED at £17m based on Net Assets of £8.9m and 1.92x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Steelcase (south - East) Limited Overview
Steelcase (south - East) Limited is a live company located in london, EC1M 3JU with a Companies House number of 05024679. It operates in the manufacture of office and shop furniture sector, SIC Code 31010. Founded in January 2004, it's largest shareholder is steelcase holding ltd with a 100% stake. Steelcase (south - East) Limited is a mature, large sized company, Pomanda has estimated its turnover at £29.2m with low growth in recent years.
Upgrade for unlimited company reports & a free credit check
Steelcase (south - East) Limited Health Check
Pomanda's financial health check has awarded Steelcase (South - East) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
8 Weak
Size
annual sales of £29.2m, make it larger than the average company (£15.1m)
£29.2m - Steelcase (south - East) Limited
£15.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (4.4%)
3% - Steelcase (south - East) Limited
4.4% - Industry AVG
Production
with a gross margin of 21.6%, this company has a higher cost of product (30%)
21.6% - Steelcase (south - East) Limited
30% - Industry AVG
Profitability
an operating margin of 1.8% make it less profitable than the average company (4%)
1.8% - Steelcase (south - East) Limited
4% - Industry AVG
Employees
with 61 employees, this is below the industry average (80)
61 - Steelcase (south - East) Limited
80 - Industry AVG
Pay Structure
on an average salary of £76.2k, the company has a higher pay structure (£40.6k)
£76.2k - Steelcase (south - East) Limited
£40.6k - Industry AVG
Efficiency
resulting in sales per employee of £479k, this is more efficient (£177.9k)
£479k - Steelcase (south - East) Limited
£177.9k - Industry AVG
Debtor Days
it gets paid by customers after 84 days, this is later than average (48 days)
84 days - Steelcase (south - East) Limited
48 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (39 days)
28 days - Steelcase (south - East) Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (53 days)
4 days - Steelcase (south - East) Limited
53 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)
0 weeks - Steelcase (south - East) Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46.1%, this is a similar level of debt than the average (48.3%)
46.1% - Steelcase (south - East) Limited
48.3% - Industry AVG
STEELCASE (SOUTH - EAST) LIMITED financials
Steelcase (South - East) Limited's latest turnover from February 2024 is £29.2 million and the company has net assets of £8.9 million. According to their latest financial statements, Steelcase (South - East) Limited has 61 employees and maintains cash reserves of £1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 29,219,000 | 35,861,000 | 35,147,000 | 27,014,000 | 38,395,000 | 37,669,000 | 30,480,000 | 27,499,000 | 33,493,000 | 36,019,000 | 33,554,000 | 35,445,000 | 35,334,000 | 28,707,000 | 25,383,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 22,920,000 | 29,010,000 | 28,333,000 | 21,922,000 | 31,547,000 | 32,082,000 | 25,715,000 | 23,063,000 | 28,330,000 | 30,295,000 | 28,551,000 | 28,726,000 | 28,794,000 | 23,107,000 | 20,752,000 |
| Gross Profit | 6,299,000 | 6,851,000 | 6,814,000 | 5,092,000 | 6,848,000 | 5,587,000 | 4,765,000 | 4,436,000 | 5,163,000 | 5,724,000 | 5,003,000 | 6,719,000 | 6,540,000 | 5,600,000 | 4,631,000 |
| Admin Expenses | 5,771,000 | 5,646,000 | 4,937,000 | 4,364,000 | 5,607,000 | 5,202,000 | 4,758,000 | 4,683,000 | 6,233,000 | 5,704,000 | 7,087,000 | 7,189,000 | 6,847,000 | 5,609,000 | 5,347,000 |
| Operating Profit | 528,000 | 1,205,000 | 1,877,000 | 728,000 | 1,241,000 | 385,000 | 7,000 | -247,000 | -1,070,000 | 20,000 | -2,084,000 | -470,000 | -307,000 | -9,000 | -716,000 |
| Interest Payable | 8,000 | 39,000 | 34,000 | 1,000 | 43,000 | 84,000 | 34,000 | 128,000 | 104,000 | 61,000 | 106,000 | ||||
| Interest Receivable | 478,000 | 63,000 | 1,000 | 4,000 | 4,000 | ||||||||||
| Pre-Tax Profit | 1,006,000 | 1,268,000 | 1,878,000 | 724,000 | 1,202,000 | 351,000 | 4,000 | 2,000 | -1,117,000 | -71,000 | -2,133,000 | -613,000 | -411,000 | -70,000 | -822,000 |
| Tax | -600,000 | 154,000 | 447,000 | 195,000 | -306,000 | 510,000 | |||||||||
| Profit After Tax | 406,000 | 1,422,000 | 2,325,000 | 919,000 | 896,000 | 861,000 | 4,000 | 2,000 | -1,117,000 | -71,000 | -2,133,000 | -613,000 | -411,000 | -70,000 | -822,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 406,000 | 1,422,000 | 2,325,000 | 919,000 | 896,000 | 861,000 | 4,000 | 2,000 | -1,117,000 | -71,000 | -2,133,000 | -613,000 | -411,000 | -70,000 | -822,000 |
| Employee Costs | 4,648,000 | 4,456,000 | 3,566,000 | 3,691,000 | 4,236,000 | 4,137,000 | 3,786,000 | 3,493,000 | 4,667,000 | 4,622,000 | 4,281,000 | 5,144,000 | 4,714,000 | 3,997,000 | 3,658,000 |
| Number Of Employees | 61 | 63 | 51 | 59 | 63 | 65 | 63 | 59 | 67 | 72 | 77 | 92 | 88 | 75 | 67 |
| EBITDA* | 533,000 | 1,229,000 | 1,908,000 | 800,000 | 1,370,000 | 508,000 | 142,000 | -125,000 | -994,000 | 84,000 | -2,044,000 | -446,000 | -281,000 | 59,000 | -600,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,000 | 4,000 | 28,000 | 31,000 | 70,000 | 140,000 | 211,000 | 254,000 | 336,000 | 207,000 | 250,000 | 54,000 | 18,000 | 44,000 | 94,000 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 413,000 | 813,000 | 750,000 | 505,000 | 651,000 | 685,000 | 399,000 | 224,000 | 210,000 | 66,000 | 27,000 | 131,000 | 141,000 | 165,000 | |
| Total Fixed Assets | 418,000 | 817,000 | 778,000 | 536,000 | 721,000 | 825,000 | 610,000 | 478,000 | 546,000 | 273,000 | 277,000 | 54,000 | 149,000 | 185,000 | 259,000 |
| Stock & work in progress | 313,000 | 444,000 | 1,281,000 | 389,000 | 768,000 | 706,000 | 965,000 | 814,000 | 1,063,000 | 1,058,000 | 1,873,000 | 970,000 | 1,206,000 | 915,000 | 516,000 |
| Trade Debtors | 6,773,000 | 7,031,000 | 14,051,000 | 6,490,000 | 6,696,000 | 8,218,000 | 10,513,000 | 6,173,000 | 6,470,000 | 8,291,000 | 6,476,000 | 6,890,000 | 9,323,000 | 8,681,000 | 3,742,000 |
| Group Debtors | 8,662,000 | 8,499,000 | 6,210,000 | 2,937,000 | 373,000 | 229,000 | 4,365,000 | 6,684,000 | 3,527,000 | 1,017,000 | 2,303,000 | 214,000 | 59,000 | 83,000 | |
| Misc Debtors | 265,000 | 388,000 | 210,000 | 388,000 | 380,000 | 248,000 | 220,000 | 139,000 | 110,000 | 425,000 | 272,000 | 133,000 | 196,000 | 281,000 | |
| Cash | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 21,000 | 24,000 | 1,000 | 2,000 | 2,000 |
| misc current assets | |||||||||||||||
| total current assets | 16,014,000 | 16,363,000 | 15,333,000 | 13,300,000 | 10,790,000 | 9,678,000 | 11,956,000 | 11,573,000 | 14,357,000 | 12,987,000 | 9,812,000 | 10,459,000 | 10,877,000 | 9,853,000 | 4,624,000 |
| total assets | 16,432,000 | 17,180,000 | 16,111,000 | 13,836,000 | 11,511,000 | 10,503,000 | 12,566,000 | 12,051,000 | 14,903,000 | 13,260,000 | 10,089,000 | 10,513,000 | 11,026,000 | 10,038,000 | 4,883,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,816,000 | 1,725,000 | 8,993,000 | 1,562,000 | 1,760,000 | 1,333,000 | 1,657,000 | 1,213,000 | 621,000 | 454,000 | 1,832,000 | 1,526,000 | 1,382,000 | 1,271,000 | 598,000 |
| Group/Directors Accounts | 695,000 | 1,811,000 | 1,113,000 | 1,701,000 | 3,126,000 | 3,941,000 | 5,486,000 | 8,507,000 | 7,059,000 | 1,834,000 | 866,000 | 5,682,000 | 4,746,000 | 1,242,000 | |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 4,833,000 | 5,000,000 | 6,353,000 | 4,218,000 | 3,102,000 | 4,834,000 | 3,152,000 | 3,571,000 | 2,506,000 | 3,159,000 | 2,583,000 | 3,115,000 | 2,231,000 | 1,227,000 | |
| total current liabilities | 7,344,000 | 8,536,000 | 8,993,000 | 9,028,000 | 7,679,000 | 7,561,000 | 10,432,000 | 9,851,000 | 12,699,000 | 10,019,000 | 6,825,000 | 4,975,000 | 10,179,000 | 8,248,000 | 3,067,000 |
| loans | 557,000 | 526,000 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 225,000 | 187,000 | 83,000 | 98,000 | 41,000 | 47,000 | 100,000 | 170,000 | 176,000 | 96,000 | 48,000 | 189,000 | 185,000 | 160,000 | 147,000 |
| total long term liabilities | 225,000 | 187,000 | 83,000 | 98,000 | 41,000 | 47,000 | 100,000 | 170,000 | 176,000 | 96,000 | 48,000 | 189,000 | 185,000 | 717,000 | 673,000 |
| total liabilities | 7,569,000 | 8,723,000 | 9,076,000 | 9,126,000 | 7,720,000 | 7,608,000 | 10,532,000 | 10,021,000 | 12,875,000 | 10,115,000 | 6,873,000 | 5,164,000 | 10,364,000 | 8,965,000 | 3,740,000 |
| net assets | 8,863,000 | 8,457,000 | 7,035,000 | 4,710,000 | 3,791,000 | 2,895,000 | 2,034,000 | 2,030,000 | 2,028,000 | 3,145,000 | 3,216,000 | 5,349,000 | 662,000 | 1,073,000 | 1,143,000 |
| total shareholders funds | 8,863,000 | 8,457,000 | 7,035,000 | 4,710,000 | 3,791,000 | 2,895,000 | 2,034,000 | 2,030,000 | 2,028,000 | 3,145,000 | 3,216,000 | 5,349,000 | 662,000 | 1,073,000 | 1,143,000 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 528,000 | 1,205,000 | 1,877,000 | 728,000 | 1,241,000 | 385,000 | 7,000 | -247,000 | -1,070,000 | 20,000 | -2,084,000 | -470,000 | -307,000 | -9,000 | -716,000 |
| Depreciation | 5,000 | 24,000 | 31,000 | 72,000 | 129,000 | 123,000 | 135,000 | 122,000 | 76,000 | 64,000 | 40,000 | 24,000 | 26,000 | 68,000 | 116,000 |
| Amortisation | |||||||||||||||
| Tax | -600,000 | 154,000 | 447,000 | 195,000 | -306,000 | 510,000 | |||||||||
| Stock | -131,000 | -837,000 | 892,000 | -379,000 | 62,000 | -259,000 | 151,000 | -249,000 | 5,000 | -815,000 | 903,000 | -236,000 | 291,000 | 399,000 | 516,000 |
| Debtors | -618,000 | 1,930,000 | 1,386,000 | 2,743,000 | 1,016,000 | -1,733,000 | 407,000 | -2,521,000 | 1,509,000 | 4,049,000 | -1,520,000 | -336,000 | 724,000 | 4,806,000 | 4,271,000 |
| Creditors | 91,000 | -7,268,000 | 7,431,000 | -198,000 | 427,000 | -324,000 | 444,000 | 592,000 | 167,000 | -1,378,000 | 306,000 | 144,000 | 111,000 | 673,000 | 598,000 |
| Accruals and Deferred Income | -167,000 | 5,000,000 | -6,353,000 | 2,135,000 | 1,116,000 | -1,732,000 | 1,682,000 | -419,000 | 1,065,000 | -653,000 | 576,000 | -532,000 | 884,000 | 1,004,000 | 1,227,000 |
| Deferred Taxes & Provisions | 38,000 | 104,000 | -15,000 | 57,000 | -6,000 | -53,000 | -70,000 | -6,000 | 80,000 | 48,000 | -141,000 | 4,000 | 25,000 | 13,000 | 147,000 |
| Cash flow from operations | 644,000 | -1,874,000 | 1,140,000 | 625,000 | 1,523,000 | 901,000 | 1,640,000 | 2,812,000 | -1,196,000 | -5,133,000 | -686,000 | -258,000 | -276,000 | -3,456,000 | -3,415,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -1,116,000 | 1,811,000 | -1,113,000 | -588,000 | -1,425,000 | -815,000 | -1,545,000 | -3,021,000 | 1,448,000 | 5,225,000 | 968,000 | -4,816,000 | 936,000 | 3,504,000 | 1,242,000 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | -557,000 | 31,000 | 526,000 | ||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 478,000 | 63,000 | 1,000 | -4,000 | -39,000 | -34,000 | -1,000 | 4,000 | -43,000 | -84,000 | -34,000 | -128,000 | -104,000 | -61,000 | -106,000 |
| cash flow from financing | -638,000 | 1,874,000 | -1,112,000 | -592,000 | -1,464,000 | -849,000 | -1,546,000 | -3,017,000 | 1,405,000 | 5,141,000 | 934,000 | 356,000 | 275,000 | 3,474,000 | 3,627,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -20,000 | -3,000 | 23,000 | -1,000 | 2,000 | ||||||||||
| overdraft | |||||||||||||||
| change in cash | -20,000 | -3,000 | 23,000 | -1,000 | 2,000 |
steelcase (south - east) limited Credit Report and Business Information
Steelcase (south - East) Limited Competitor Analysis
Perform a competitor analysis for steelcase (south - east) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in EC1M area or any other competitors across 12 key performance metrics.
steelcase (south - east) limited Ownership
STEELCASE (SOUTH - EAST) LIMITED group structure
Steelcase (South - East) Limited has no subsidiary companies.
Ultimate parent company
STEELCASE INC
#0009610
2 parents
STEELCASE (SOUTH - EAST) LIMITED
05024679
steelcase (south - east) limited directors
Steelcase (South - East) Limited currently has 4 directors. The longest serving directors include Mrs Nicole McGrath (Jan 2020) and Mr Alan Fawzy (Mar 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Nicole McGrath | 48 years | Jan 2020 | - | Director | |
| Mr Alan Fawzy | 44 years | Mar 2022 | - | Director | |
| Mr Stephan Derr | 52 years | Mar 2022 | - | Director | |
| Mr Eric Valette | 51 years | Aug 2022 | - | Director |
P&L
February 2024turnover
29.2m
-19%
operating profit
528k
-56%
gross margin
21.6%
+12.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
8.9m
+0.05%
total assets
16.4m
-0.04%
cash
1k
0%
net assets
Total assets minus all liabilities
Similar Companies
steelcase (south - east) limited company details
company number
05024679
Type
Private limited with Share Capital
industry
31010 - Manufacture of office and shop furniture
incorporation date
January 2004
age
21
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
February 2024
previous names
georgeson office interiors (london) limited (August 2005)
office interiors (uk) limited (February 2004)
accountant
-
auditor
CONSTANTIN
address
77-79 farringdon road, london, EC1M 3JU
Bank
JP MORGAN CHASE BANK
Legal Advisor
-
steelcase (south - east) 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 steelcase (south - east) limited. Currently there are 2 open charges and 0 have been satisfied in the past.
steelcase (south - east) 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 STEELCASE (SOUTH - EAST) LIMITED. This can take several minutes, an email will notify you when this has completed.
steelcase (south - east) limited Companies House Filings - See Documents
| date | description | view/download |
|---|
