Steeltek Structural Steel Limited

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steeltek structural steel limited Company Information

Live

EstablishedSmallLow

Company Number

08413470

Website

www.steeltek.co.uk

Registered Address

gresham house, 5-7 st. pauls street, leeds, west yorkshire, LS1 2JG

Industry

Manufacture of other fabricated metal products n.e.c.

Telephone

01924283355

Next Accounts Due

June 2025

Group Structure

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Directors

Neil Fox11 Years

Simon Oakes4 Years

Shareholders

simon oakes 80%

neil fox 20%

steeltek structural steel limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of STEELTEK STRUCTURAL STEEL LIMITED at £1.5m based on a Turnover of £2.7m and 0.54x industry multiple (adjusted for size and gross margin).

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Steeltek Structural Steel Limited is a live company located in leeds, LS1 2JG with a Companies House number of 08413470. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in February 2013, it's largest shareholder is simon oakes with a 80% stake. Steeltek Structural Steel Limited is a established, small sized company, Pomanda has estimated its turnover at £2.7m with low growth in recent years.

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Pomanda's financial health check has awarded Steeltek Structural Steel Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £2.7m, make it smaller than the average company (£12.9m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (5.6%)

EXPORT

Steeltek Structural Steel Limited's latest turnover from September 2023 is estimated at £2.7 million and the company has net assets of £523 thousand. According to their latest financial statements, Steeltek Structural Steel Limited has 46 employees and maintains cash reserves of £296.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Feb 2015	Feb 2014
Turnover	2,712,450	2,498,443	2,200,946	2,412,585	2,555,089	2,875,055	2,407,221	2,449,114	2,693,974	2,321,986	462,163
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,919,174	1,748,693	1,569,274	1,694,330	1,796,254	2,019,850	1,662,827	1,682,652	1,832,037	1,610,214	320,484
Gross Profit	793,276	749,750	631,672	718,256	758,835	855,204	744,394	766,462	861,938	711,772	141,679
Admin Expenses	638,604	494,152	420,869	778,166	683,827	907,059	719,024	840,739	664,365	528,630	140,609
Operating Profit	154,672	255,598	210,803	-59,910	75,008	-51,855	25,370	-74,277	197,573	183,142	1,070
Interest Payable	12,483	21,872	18,343	7,473	0	0	489	489	0	0	0
Interest Receivable	17,622	9,503	478	363	1,348	1,397	430	367	451	309	26
Pre-Tax Profit	159,811	243,228	192,937	-67,019	76,356	-50,458	25,311	-74,399	198,024	183,451	1,096
Tax	-39,953	-46,213	-36,658	0	-14,508	0	-4,809	0	-39,605	-38,525	-252
Profit After Tax	119,858	197,015	156,279	-67,019	61,848	-50,458	20,502	-74,399	158,419	144,926	844
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	119,858	197,015	156,279	-67,019	61,848	-50,458	20,502	-74,399	158,419	144,926	844
Employee Costs	1,810,644	1,556,190	1,483,391	1,355,535	1,411,111	1,427,064	1,388,154	1,317,172	734,074	636,774	157,127
Number Of Employees	46	43	42	38	40	42	42	40	23	20	5
EBITDA*	266,123	384,293	365,034	104,177	190,771	107,664	104,554	26,219	262,748	223,706	1,070

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Feb 2015	Feb 2014
Tangible Assets	369,883	415,830	475,821	592,218	357,601	483,740	249,612	301,490	393,858	431,196	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	100	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	369,883	415,830	475,821	592,218	357,601	483,740	249,612	301,490	393,858	431,296	0
Stock & work in progress	128,224	118,010	125,288	0	0	0	0	0	0	0	0
Trade Debtors	298,035	399,339	370,051	294,083	379,268	479,913	359,686	373,383	401,330	322,457	84,704
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	47,588	35,498	32,377	34,955	103,592	37,321	31,381	32,804	0	0	0
Cash	296,201	408,671	436,062	519,364	207,212	152,125	220,279	124,098	169,642	113,041	10,569
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	770,048	961,518	963,778	848,402	690,072	669,359	611,346	530,285	570,972	435,498	95,273
total assets	1,139,931	1,377,348	1,439,599	1,440,620	1,047,673	1,153,099	860,958	831,775	964,830	866,794	95,273
Bank overdraft	0	0	0	20,417	0	0	0	0	0	0	0
Bank loan	53,147	120,677	94,330	0	0	0	0	0	0	0	0
Trade Creditors	274,063	245,348	156,926	176,556	115,943	187,033	128,994	132,427	709,079	612,017	94,329
Group/Directors Accounts	69,359	205,798	0	396,860	40,000	0	0	0	0	0	0
other short term finances	0	0	10,500	0	0	0	0	15,662	0	0	0
hp & lease commitments	28,612	74,656	140,525	151,274	100,550	124,176	17,631	0	0	0	0
other current liabilities	191,761	245,980	476,347	177,303	536,732	541,046	566,772	535,995	0	0	0
total current liabilities	616,942	892,459	878,628	922,410	793,225	852,255	713,397	684,084	709,079	612,017	94,329
loans	0	53,146	251,587	224,583	0	0	0	0	0	0	0
hp & lease commitments	0	28,612	103,268	243,790	137,592	245,836	27,095	44,727	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	60,388	72,907	0
provisions	0	0	0	0	0	0	15,000	18,000	36,000	36,000	0
total long term liabilities	0	81,758	354,855	468,373	137,592	245,836	42,095	62,727	96,388	108,907	0
total liabilities	616,942	974,217	1,233,483	1,390,783	930,817	1,098,091	755,492	746,811	805,467	720,924	94,329
net assets	522,989	403,131	206,116	49,837	116,856	55,008	105,466	84,964	159,363	145,870	944
total shareholders funds	522,989	403,131	206,116	49,837	116,856	55,008	105,466	84,964	159,363	145,870	944

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Feb 2015	Feb 2014
Operating Activities
Operating Profit	154,672	255,598	210,803	-59,910	75,008	-51,855	25,370	-74,277	197,573	183,142	1,070
Depreciation	111,451	128,695	154,231	164,087	115,763	159,519	79,184	100,496	65,175	40,564	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	-39,953	-46,213	-36,658	0	-14,508	0	-4,809	0	-39,605	-38,525	-252
Stock	10,214	-7,278	125,288	0	0	0	0	0	0	0	0
Debtors	-89,214	32,409	73,390	-153,822	-34,374	126,167	-15,120	4,857	316,626	237,753	84,704
Creditors	28,715	88,422	-19,630	60,613	-71,090	58,039	-3,433	-576,652	614,750	517,688	94,329
Accruals and Deferred Income	-54,219	-230,367	299,044	-359,429	-4,314	-25,726	30,777	535,995	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	-15,000	-3,000	-18,000	36,000	36,000	0
Cash flow from operations	279,666	171,004	409,112	-40,817	135,233	-1,190	139,209	-37,295	557,267	501,116	10,443
Investing Activities
capital expenditure	-65,504	-68,704	-37,834	-398,704	10,376	-393,647	-27,306	-8,128	-459,033	-471,760	0
Change in Investments	0	0	0	0	0	0	0	0	0	100	0
cash flow from investments	-65,504	-68,704	-37,834	-398,704	10,376	-393,647	-27,306	-8,128	-459,033	-471,860	0
Financing Activities
Bank loans	-67,530	26,347	94,330	0	0	0	0	0	0	0	0
Group/Directors Accounts	-136,439	205,798	-396,860	356,860	40,000	0	0	0	0	0	0
Other Short Term Loans	0	-10,500	10,500	0	0	0	-15,662	15,662	0	0	0
Long term loans	-53,146	-198,441	27,004	224,583	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-74,656	-140,525	-151,271	156,922	-131,870	325,286	-1	44,727	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-60,388	60,388	72,907	0
share issue	0	0	0	0	0	0	0	0	0	0	100
interest	5,139	-12,369	-17,865	-7,110	1,348	1,397	-59	-122	451	309	26
cash flow from financing	-326,632	-129,690	-434,162	731,255	-90,522	326,683	-15,722	-121	60,839	73,216	126
cash and cash equivalents
cash	-112,470	-27,391	-83,302	312,152	55,087	-68,154	96,181	-45,544	159,073	102,472	10,569
overdraft	0	0	-20,417	20,417	0	0	0	0	0	0	0
change in cash	-112,470	-27,391	-62,885	291,735	55,087	-68,154	96,181	-45,544	159,073	102,472	10,569

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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STEELTEK STRUCTURAL STEEL LIMITED group structure

Steeltek Structural Steel Limited has no subsidiary companies.

Ultimate parent company

STEELTEK STRUCTURAL STEEL LIMITED

08413470

STEELTEK STRUCTURAL STEEL LIMITED Shareholders

simon oakes	80%
neil fox	20%

Steeltek Structural Steel Limited currently has 2 directors. The longest serving directors include Mr Neil Fox (Feb 2013) and Mr Simon Oakes (Apr 2020).

officer	country	age	start	end	role
Mr Neil Fox	United Kingdom	56 years	Feb 2013	-	Director
Mr Simon Oakes		57 years	Apr 2020	-	Director

P&L

September 2023

turnover

2.7m

+9%

operating profit

154.7k

gross margin

29.3%

-2.54%

turnover

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

Balance Sheet

September 2023

net assets

523k

+0.3%

total assets

1.1m

-0.17%

cash

296.2k

-0.28%

net assets

Total assets minus all liabilities

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company number

08413470

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

February 2013

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

September 2023

address

gresham house, 5-7 st. pauls street, leeds, west yorkshire, LS1 2JG

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 did not find charges/mortgages relating to steeltek structural steel limited.

steeltek structural steel limited Company Information

steeltek structural steel limited Estimated Valuation

steeltek structural steel limited Estimated Valuation

steeltek structural steel limited Estimated Valuation

Steeltek Structural Steel Limited Overview

Steeltek Structural Steel Limited Health Check

STEELTEK STRUCTURAL STEEL LIMITED financials

steeltek structural steel limited Credit Report and Business Information

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steeltek structural steel limited Ownership

steeltek structural steel limited directors

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