v l special steel co limited
v l special steel co limited Company Information
Company Number
09590819
Next Accounts
Sep 2025
Industry
Wholesale of metals and metal ores
Shareholders
gemma harrison
john harrison
Group Structure
View All
Contact
Registered Address
unit 15, watery lane industrial, watery lane, wolverhampton, west midlands, WV13 3SU
v l special steel co limited Estimated Valuation
Pomanda estimates the enterprise value of V L SPECIAL STEEL CO LIMITED at £187.3k based on a Turnover of £765.9k and 0.24x industry multiple (adjusted for size and gross margin).
v l special steel co limited Estimated Valuation
Pomanda estimates the enterprise value of V L SPECIAL STEEL CO LIMITED at £22.8k based on an EBITDA of £7.5k and a 3.03x industry multiple (adjusted for size and gross margin).
v l special steel co limited Estimated Valuation
Pomanda estimates the enterprise value of V L SPECIAL STEEL CO LIMITED at £44.7k based on Net Assets of £28.4k and 1.58x industry multiple (adjusted for liquidity).
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V L Special Steel Co Limited Overview
V L Special Steel Co Limited is a live company located in wolverhampton, WV13 3SU with a Companies House number of 09590819. It operates in the wholesale of metals and metal ores sector, SIC Code 46720. Founded in May 2015, it's largest shareholder is gemma harrison with a 50% stake. V L Special Steel Co Limited is a established, small sized company, Pomanda has estimated its turnover at £765.9k with declining growth in recent years.
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V L Special Steel Co Limited Health Check
Pomanda's financial health check has awarded V L Special Steel Co Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £765.9k, make it smaller than the average company (£30.6m)
- V L Special Steel Co Limited
£30.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (14.8%)
- V L Special Steel Co Limited
14.8% - Industry AVG
Production
with a gross margin of 16.9%, this company has a comparable cost of product (16.9%)
- V L Special Steel Co Limited
16.9% - Industry AVG
Profitability
an operating margin of 0.5% make it less profitable than the average company (5.1%)
- V L Special Steel Co Limited
5.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (32)
2 - V L Special Steel Co Limited
32 - Industry AVG
Pay Structure
on an average salary of £51.9k, the company has an equivalent pay structure (£51.9k)
- V L Special Steel Co Limited
£51.9k - Industry AVG
Efficiency
resulting in sales per employee of £383k, this is less efficient (£881k)
- V L Special Steel Co Limited
£881k - Industry AVG
Debtor Days
it gets paid by customers after 26 days, this is earlier than average (63 days)
- V L Special Steel Co Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 97 days, this is slower than average (45 days)
- V L Special Steel Co Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 59 days, this is less than average (75 days)
- V L Special Steel Co Limited
75 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (8 weeks)
3 weeks - V L Special Steel Co Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.6%, this is a higher level of debt than the average (53%)
87.6% - V L Special Steel Co Limited
53% - Industry AVG
V L SPECIAL STEEL CO LIMITED financials
V L Special Steel Co Limited's latest turnover from December 2023 is estimated at £765.9 thousand and the company has net assets of £28.4 thousand. According to their latest financial statements, V L Special Steel Co Limited has 2 employees and maintains cash reserves of £14.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 3 | 2 | 3 | 5 | 4 | 4 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 20,131 | 23,685 | 26,794 | 31,522 | 37,085 | 42,037 | 49,455 | 54,198 | 63,762 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 44,597 | 32,493 | 0 | 0 |
| Total Fixed Assets | 20,131 | 23,685 | 26,794 | 31,522 | 37,085 | 86,634 | 81,948 | 54,198 | 63,762 |
| Stock & work in progress | 103,564 | 108,095 | 126,955 | 174,053 | 210,344 | 148,254 | 252,675 | 176,996 | 203,348 |
| Trade Debtors | 54,864 | 66,815 | 48,120 | 47,362 | 79,279 | 122,041 | 45,509 | 119,947 | 121,864 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 36,468 | 36,468 | 35,625 | 35,625 | 35,625 | 32,002 | 30,513 | 23,449 | 0 |
| Cash | 14,168 | 22,280 | 16,007 | 14,770 | 25,935 | 14,165 | 23,111 | 15,945 | 21,212 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 209,064 | 233,658 | 226,707 | 271,810 | 351,183 | 316,462 | 351,808 | 336,337 | 346,424 |
| total assets | 229,195 | 257,343 | 253,501 | 303,332 | 388,268 | 403,096 | 433,756 | 390,535 | 410,186 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 169,836 | 180,144 | 230,660 | 520,431 | 598,876 | 527,150 | 512,656 | 476,614 | 487,130 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 27,151 | 48,013 | 48,097 | 70,401 | 48,398 | 62,074 | 52,460 | 49,309 | 0 |
| total current liabilities | 196,987 | 228,157 | 278,757 | 590,832 | 647,274 | 589,224 | 565,116 | 525,923 | 487,130 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 3,825 | 4,500 | 0 | 0 | 0 | 0 | 0 | 0 | 12,750 |
| total long term liabilities | 3,825 | 4,500 | 0 | 0 | 0 | 0 | 0 | 0 | 12,750 |
| total liabilities | 200,812 | 232,657 | 278,757 | 590,832 | 647,274 | 589,224 | 565,116 | 525,923 | 499,880 |
| net assets | 28,383 | 24,686 | -25,256 | -287,500 | -259,006 | -186,128 | -131,360 | -135,388 | -89,694 |
| total shareholders funds | 28,383 | 24,686 | -25,256 | -287,500 | -259,006 | -186,128 | -131,360 | -135,388 | -89,694 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 3,554 | 4,179 | 4,728 | 5,563 | 6,545 | 7,418 | 4,743 | 11,253 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||||
| Stock | -4,531 | -18,860 | -47,098 | -36,291 | 62,090 | -104,421 | 49,327 | -26,352 | 203,348 |
| Debtors | -11,951 | 19,538 | 758 | -31,917 | -83,736 | 90,125 | -13,349 | 21,532 | 121,864 |
| Creditors | -10,308 | -50,516 | -289,771 | -78,445 | 71,726 | 14,494 | 25,526 | -10,516 | 487,130 |
| Accruals and Deferred Income | -20,862 | -84 | -22,304 | 22,003 | -13,676 | 9,614 | 52,460 | 49,309 | 0 |
| Deferred Taxes & Provisions | -675 | 4,500 | 0 | 0 | 0 | 0 | -12,750 | -12,750 | 12,750 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -8,112 | 6,273 | 1,237 | -11,165 | 11,770 | -8,946 | 1,899 | -5,267 | 21,212 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -8,112 | 6,273 | 1,237 | -11,165 | 11,770 | -8,946 | 1,899 | -5,267 | 21,212 |
v l special steel co limited Credit Report and Business Information
V L Special Steel Co Limited Competitor Analysis
Perform a competitor analysis for v l special steel co limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in WV13 area or any other competitors across 12 key performance metrics.
v l special steel co limited Ownership
V L SPECIAL STEEL CO LIMITED group structure
V L Special Steel Co Limited has no subsidiary companies.
Ultimate parent company
V L SPECIAL STEEL CO LIMITED
09590819
v l special steel co limited directors
V L Special Steel Co Limited currently has 2 directors. The longest serving directors include Mr John Harrison (Nov 2018) and Mrs Gemma Harrison (Mar 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Harrison | England | 49 years | Nov 2018 | - | Director |
| Mrs Gemma Harrison | England | 41 years | Mar 2024 | - | Director |
P&L
December 2023turnover
765.9k
+3%
operating profit
4k
0%
gross margin
16.9%
-15.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
28.4k
+0.15%
total assets
229.2k
-0.11%
cash
14.2k
-0.36%
net assets
Total assets minus all liabilities
Similar Companies
v l special steel co limited company details
company number
09590819
Type
Private limited with Share Capital
industry
46720 - Wholesale of metals and metal ores
incorporation date
May 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
unit 15, watery lane industrial, watery lane, wolverhampton, west midlands, WV13 3SU
Bank
-
Legal Advisor
-
v l special steel co 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 v l special steel co limited.
v l special steel co 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.
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v l special steel co limited Companies House Filings - See Documents
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