steeltek structural steel limited Company Information
Company Number
08413470
Website
www.steeltek.co.ukRegistered 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
View All
Shareholders
simon oakes 80%
neil fox 20%
steeltek structural steel limited Estimated Valuation
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).
steeltek structural steel limited Estimated Valuation
Pomanda estimates the enterprise value of STEELTEK STRUCTURAL STEEL LIMITED at £1.1m based on an EBITDA of £266.1k and a 4.18x industry multiple (adjusted for size and gross margin).
steeltek structural steel limited Estimated Valuation
Pomanda estimates the enterprise value of STEELTEK STRUCTURAL STEEL LIMITED at £268.3k based on Net Assets of £523k and 0.51x industry multiple (adjusted for liquidity).
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Steeltek Structural Steel Limited Overview
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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Steeltek Structural Steel Limited Health Check
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 Check Image](/assets/images/big_heart.png)
![positive_score](/assets/images/scoreRate2.png)
3 Strong
![positive_score](/assets/images/scoreRate1.png)
4 Regular
![positive_score](/assets/images/scoreRate0.png)
5 Weak
![size](/assets/images/scoreRate0.png)
Size
annual sales of £2.7m, make it smaller than the average company (£12.9m)
- Steeltek Structural Steel Limited
£12.9m - Industry AVG
![growth](/assets/images/scoreRate0.png)
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (5.6%)
- Steeltek Structural Steel Limited
5.6% - Industry AVG
![production](/assets/images/scoreRate1.png)
Production
with a gross margin of 29.3%, this company has a comparable cost of product (29.3%)
- Steeltek Structural Steel Limited
29.3% - Industry AVG
![profitability](/assets/images/scoreRate1.png)
Profitability
an operating margin of 5.7% make it as profitable than the average company (6.5%)
- Steeltek Structural Steel Limited
6.5% - Industry AVG
![employees](/assets/images/scoreRate0.png)
Employees
with 46 employees, this is below the industry average (81)
46 - Steeltek Structural Steel Limited
81 - Industry AVG
![paystructure](/assets/images/scoreRate1.png)
Pay Structure
on an average salary of £39.4k, the company has an equivalent pay structure (£39.4k)
- Steeltek Structural Steel Limited
£39.4k - Industry AVG
![efficiency](/assets/images/scoreRate0.png)
Efficiency
resulting in sales per employee of £59k, this is less efficient (£150.2k)
- Steeltek Structural Steel Limited
£150.2k - Industry AVG
![debtordays](/assets/images/scoreRate2.png)
Debtor Days
it gets paid by customers after 40 days, this is earlier than average (62 days)
- Steeltek Structural Steel Limited
62 days - Industry AVG
![creditordays](/assets/images/scoreRate1.png)
Creditor Days
its suppliers are paid after 52 days, this is close to average (47 days)
- Steeltek Structural Steel Limited
47 days - Industry AVG
![stockdays](/assets/images/scoreRate2.png)
Stock Days
it holds stock equivalent to 24 days, this is less than average (69 days)
- Steeltek Structural Steel Limited
69 days - Industry AVG
![cashbalance](/assets/images/scoreRate2.png)
Cash Balance
has cash to cover current liabilities for 24 weeks, this is more cash available to meet short term requirements (14 weeks)
24 weeks - Steeltek Structural Steel Limited
14 weeks - Industry AVG
![debtlevel](/assets/images/scoreRate0.png)
Debt Level
it has a ratio of liabilities to total assets of 54.1%, this is a higher level of debt than the average (48%)
54.1% - Steeltek Structural Steel Limited
48% - Industry AVG
STEELTEK STRUCTURAL STEEL LIMITED financials
![ms excel logo](/assets/images/ms_excel_logo.png)
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 | |||||||||||
Other Income Or Grants | |||||||||||
Cost Of Sales | |||||||||||
Gross Profit | |||||||||||
Admin Expenses | |||||||||||
Operating Profit | |||||||||||
Interest Payable | |||||||||||
Interest Receivable | |||||||||||
Pre-Tax Profit | |||||||||||
Tax | |||||||||||
Profit After Tax | |||||||||||
Dividends Paid | |||||||||||
Retained Profit | |||||||||||
Employee Costs | |||||||||||
Number Of Employees | 46 | 43 | 42 | 38 | 40 | 42 | 42 | 40 | |||
EBITDA* |
* 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 | |||||||||||
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 | |||||||||||
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 | |||||||||||
Investing Activities | |||||||||||
capital expenditure | |||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100 | 0 |
cash flow from investments | |||||||||||
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 | |||||||||||
interest | |||||||||||
cash flow from financing | |||||||||||
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 |
steeltek structural steel limited Credit Report and Business Information
Steeltek Structural Steel Limited Competitor Analysis
![competitor_analysis_table_img](/assets/images/competitor_analysis_table.png)
Perform a competitor analysis for steeltek structural steel limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in LS1 area or any other competitors across 12 key performance metrics.
steeltek structural steel limited Ownership
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 directors
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 2023turnover
2.7m
+9%
operating profit
154.7k
0%
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 2023net assets
523k
+0.3%
total assets
1.1m
-0.17%
cash
296.2k
-0.28%
net assets
Total assets minus all liabilities
steeltek structural steel limited company details
company number
08413470
Type
Private limited with Share Capital
industry
25990 - Manufacture of other fabricated metal products n.e.c.
incorporation date
February 2013
age
11
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
September 2023
address
gresham house, 5-7 st. pauls street, leeds, west yorkshire, LS1 2JG
accountant
-
auditor
-
steeltek structural steel 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 did not find charges/mortgages relating to steeltek structural steel limited.
![charges](/assets/images/company_charges.png)
steeltek structural steel limited Companies House Filings - See Documents
date | description | view/download |
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