steel midco 1 limited
steel midco 1 limited Company Information
Company Number
14042658
Next Accounts
Sep 2025
Shareholders
steel topco limited
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
10 queen street place, london, EC4R 1AG
Website
-steel midco 1 limited Estimated Valuation
Pomanda estimates the enterprise value of STEEL MIDCO 1 LIMITED at £25.7m based on a Turnover of £19m and 1.35x industry multiple (adjusted for size and gross margin).
steel midco 1 limited Estimated Valuation
Pomanda estimates the enterprise value of STEEL MIDCO 1 LIMITED at £22.7m based on an EBITDA of £2.3m and a 9.88x industry multiple (adjusted for size and gross margin).
steel midco 1 limited Estimated Valuation
Pomanda estimates the enterprise value of STEEL MIDCO 1 LIMITED at £0 based on Net Assets of £-30.2m and 2.13x industry multiple (adjusted for liquidity).
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Steel Midco 1 Limited Overview
Steel Midco 1 Limited is a live company located in london, EC4R 1AG with a Companies House number of 14042658. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in April 2022, it's largest shareholder is steel topco limited with a 100% stake. Steel Midco 1 Limited is a startup, mid sized company, Pomanda has estimated its turnover at £19m with unknown growth in recent years.
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Steel Midco 1 Limited Health Check
Pomanda's financial health check has awarded Steel Midco 1 Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
5 Weak
Size
annual sales of £19m, make it larger than the average company (£4.8m)
£19m - Steel Midco 1 Limited
£4.8m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Steel Midco 1 Limited
- - Industry AVG
Production
with a gross margin of 90.6%, this company has a lower cost of product (38.3%)
90.6% - Steel Midco 1 Limited
38.3% - Industry AVG
Profitability
an operating margin of -33.8% make it less profitable than the average company (5.7%)
-33.8% - Steel Midco 1 Limited
5.7% - Industry AVG
Employees
with 144 employees, this is above the industry average (27)
144 - Steel Midco 1 Limited
27 - Industry AVG
Pay Structure
on an average salary of £65.8k, the company has a higher pay structure (£53.9k)
£65.8k - Steel Midco 1 Limited
£53.9k - Industry AVG
Efficiency
resulting in sales per employee of £132.3k, this is less efficient (£171.3k)
£132.3k - Steel Midco 1 Limited
£171.3k - Industry AVG
Debtor Days
it gets paid by customers after 180 days, this is later than average (42 days)
180 days - Steel Midco 1 Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 170 days, this is slower than average (32 days)
170 days - Steel Midco 1 Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Steel Midco 1 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 36 weeks, this is more cash available to meet short term requirements (22 weeks)
36 weeks - Steel Midco 1 Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 130.5%, this is a higher level of debt than the average (62.5%)
130.5% - Steel Midco 1 Limited
62.5% - Industry AVG
STEEL MIDCO 1 LIMITED financials
Steel Midco 1 Limited's latest turnover from December 2023 is £19 million and the company has net assets of -£30.2 million. According to their latest financial statements, Steel Midco 1 Limited has 144 employees and maintains cash reserves of £6.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Turnover | 19,044,402 | 6,184,591 |
| Other Income Or Grants | ||
| Cost Of Sales | 1,795,791 | 1,827,478 |
| Gross Profit | 17,248,611 | 4,357,113 |
| Admin Expenses | 23,679,431 | 9,831,823 |
| Operating Profit | -6,430,820 | -5,474,710 |
| Interest Payable | 11,525,613 | 6,005,004 |
| Interest Receivable | 2,652 | |
| Pre-Tax Profit | -17,953,781 | -11,479,714 |
| Tax | -1,221,053 | 476,087 |
| Profit After Tax | -19,174,834 | -11,003,627 |
| Dividends Paid | ||
| Retained Profit | -19,174,834 | -11,003,627 |
| Employee Costs | 9,471,349 | 2,818,223 |
| Number Of Employees | 144 | 48 |
| EBITDA* | 2,295,636 | -939,549 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Tangible Assets | 745,651 | 240,975 |
| Intangible Assets | 81,881,477 | 59,048,395 |
| Investments & Other | ||
| Debtors (Due After 1 year) | ||
| Total Fixed Assets | 82,627,128 | 59,289,370 |
| Stock & work in progress | ||
| Trade Debtors | 9,433,843 | 4,850,251 |
| Group Debtors | ||
| Misc Debtors | 709,812 | 1,138,237 |
| Cash | 6,109,163 | 5,720,884 |
| misc current assets | ||
| total current assets | 16,252,818 | 11,709,372 |
| total assets | 98,879,946 | 70,998,742 |
| Bank overdraft | ||
| Bank loan | ||
| Trade Creditors | 840,948 | 1,051,021 |
| Group/Directors Accounts | ||
| other short term finances | ||
| hp & lease commitments | ||
| other current liabilities | 7,951,792 | 4,332,001 |
| total current liabilities | 8,792,740 | 5,383,022 |
| loans | 120,254,012 | 76,622,168 |
| hp & lease commitments | ||
| Accruals and Deferred Income | ||
| other liabilities | ||
| provisions | ||
| total long term liabilities | 120,254,012 | 76,622,168 |
| total liabilities | 129,046,752 | 82,005,190 |
| net assets | -30,166,963 | -11,006,448 |
| total shareholders funds | -30,166,963 | -11,006,448 |
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -6,430,820 | -5,474,710 |
| Depreciation | 286,610 | 33,714 |
| Amortisation | 8,439,846 | 4,501,447 |
| Tax | -1,221,053 | 476,087 |
| Stock | ||
| Debtors | 4,155,167 | 5,988,488 |
| Creditors | -210,073 | 1,051,021 |
| Accruals and Deferred Income | 3,619,791 | 4,332,001 |
| Deferred Taxes & Provisions | ||
| Cash flow from operations | 329,134 | -1,068,928 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | ||
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | ||
| Group/Directors Accounts | ||
| Other Short Term Loans | ||
| Long term loans | 43,631,844 | 76,622,168 |
| Hire Purchase and Lease Commitments | ||
| other long term liabilities | ||
| share issue | ||
| interest | -11,522,961 | -6,005,004 |
| cash flow from financing | 32,123,202 | 70,614,343 |
| cash and cash equivalents | ||
| cash | 388,279 | 5,720,884 |
| overdraft | ||
| change in cash | 388,279 | 5,720,884 |
steel midco 1 limited Credit Report and Business Information
Steel Midco 1 Limited Competitor Analysis
Perform a competitor analysis for steel midco 1 limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in EC4R area or any other competitors across 12 key performance metrics.
steel midco 1 limited Ownership
STEEL MIDCO 1 LIMITED group structure
Steel Midco 1 Limited has 1 subsidiary company.
Ultimate parent company
STEEL TOPCO LTD
#0171438
1 parent
STEEL MIDCO 1 LIMITED
14042658
1 subsidiary
steel midco 1 limited directors
Steel Midco 1 Limited currently has 4 directors. The longest serving directors include Mr Thomas Shelford (Apr 2022) and Mr Mathias Strasser (Apr 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Shelford | United Kingdom | 44 years | Apr 2022 | - | Director |
| Mr Mathias Strasser | United Kingdom | 51 years | Apr 2022 | - | Director |
| Mr David Pearce | United Kingdom | 61 years | Sep 2022 | - | Director |
| Mr Ben Hollowood | 44 years | Sep 2022 | - | Director |
P&L
December 2023turnover
19m
+208%
operating profit
-6.4m
+17%
gross margin
90.6%
+28.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-30.2m
+1.74%
total assets
98.9m
+0.39%
cash
6.1m
+0.07%
net assets
Total assets minus all liabilities
Similar Companies
steel midco 1 limited company details
company number
14042658
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
April 2022
age
3
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
BDO LLP
address
10 queen street place, london, EC4R 1AG
Bank
-
Legal Advisor
-
steel midco 1 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 steel midco 1 limited.
steel midco 1 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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steel midco 1 limited Companies House Filings - See Documents
| date | description | view/download |
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