Steel Structures (n.i.) Ltd

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steel structures (n.i.) ltd Company Information

Company Number

NI029255

Next Accounts

Aug 2025

Directors

John Milligan

Aaron Wilmont

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Shareholders

john darin milligan

frances milligan

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Group Structure

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Industry

Manufacture of metal structures and parts of structures

Registered Address

24 barbour gardens, dunmurry, belfast, BT17 9AB

Website

www.steelstructuresni.com

steel structures (n.i.) ltd Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of STEEL STRUCTURES (N.I.) LTD at £2.1m based on Net Assets of £1.1m and 2.01x industry multiple (adjusted for liquidity).

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Steel Structures (n.i.) Ltd is a live company located in belfast, BT17 9AB with a Companies House number of NI029255. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in February 1995, it's largest shareholder is john darin milligan with a 50% stake. Steel Structures (n.i.) Ltd is a mature, small sized company, Pomanda has estimated its turnover at £3.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Steel Structures (N.I.) Ltd a 4.5 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

Health Rating4.5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £3.2m, make it smaller than the average company (£13.6m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (10.2%)

EXPORT

Steel Structures (N.I.) Ltd's latest turnover from November 2023 is estimated at £3.2 million and the company has net assets of £1.1 million. According to their latest financial statements, Steel Structures (N.I.) Ltd has 23 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	3,192,519	2,312,299	2,370,398	2,781,235	1,815,334	2,747,766	1,429,705	1,929,953	2,355,303	1,643,999	1,509,527	1,640,249	1,120,934	683,878	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,418,711	1,762,652	1,843,414	2,106,941	1,354,435	2,045,341	1,036,986	1,394,638	1,697,312	1,207,988	1,106,868	1,213,019	823,386	489,596	0
Gross Profit	773,807	549,646	526,984	674,294	460,899	702,424	392,719	535,315	657,991	436,012	402,659	427,231	297,548	194,282	0
Admin Expenses	502,524	89,194	544,641	477,828	539,888	798,829	265,655	270,357	650,988	352,428	438,454	425,884	297,449	291,661	-236,460
Operating Profit	271,283	460,452	-17,657	196,466	-78,989	-96,405	127,064	264,958	7,003	83,584	-35,795	1,347	99	-97,379	236,460
Interest Payable	0	0	0	0	0	0	134	129	0	0	0	0	0	0	0
Interest Receivable	84,559	24,357	657	664	4,646	3,771	1,671	591	825	518	37	253	297	294	235
Pre-Tax Profit	355,841	484,809	-17,000	197,130	-74,343	-92,634	128,601	265,420	7,828	84,103	-35,758	1,600	396	-97,085	236,696
Tax	-88,960	-92,114	0	-37,455	0	0	-24,434	-53,084	-1,565	-17,662	0	-384	-103	0	-66,275
Profit After Tax	266,881	392,695	-17,000	159,675	-74,343	-92,634	104,167	212,336	6,262	66,441	-35,758	1,216	293	-97,085	170,421
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	266,881	392,695	-17,000	159,675	-74,343	-92,634	104,167	212,336	6,262	66,441	-35,758	1,216	293	-97,085	170,421
Employee Costs	973,092	1,014,940	958,488	1,188,491	863,317	961,234	843,434	1,283,680	594,226	427,569	382,068	415,219	309,971	212,888	0
Number Of Employees	23	26	26	32	23	27	24	37	18	13	12	13	10	7	0
EBITDA*	321,732	492,667	23,937	241,354	-40,220	-75,349	148,717	293,233	25,099	109,939	-8,382	28,526	33,943	-57,083	300,149

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	172,925	112,936	145,151	160,119	127,542	104,466	109,387	104,272	65,597	70,974	58,895	64,700	87,986	111,330	141,626
Intangible Assets	0	0	0	0	0	0	0	0	0	0	10,000	20,000	30,000	40,000	50,000
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	172,925	112,936	145,151	160,119	127,542	104,466	109,387	104,272	65,597	70,974	68,895	84,700	117,986	151,330	191,626
Stock & work in progress	82,500	82,500	82,500	44,000	78,000	102,000	25,500	60,000	104,485	50,000	7,500	9,253	8,236	7,000	7,000
Trade Debtors	78,521	313,574	330,394	290,259	158,518	385,840	44,621	65,613	476,173	312,501	349,710	392,458	223,278	134,082	326,055
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	405,256	137,177	164,976	235,370	151,898	201,606	605,717	485,419	0	0	0	0	0	0	0
Cash	2,143,755	1,077,521	546,260	767,731	560,133	678,681	326,923	341,625	131,131	198,775	8,591	6,050	95,335	23,411	94,193
misc current assets	131,873	131,873	131,873	131,873	131,873	131,873	131,873	0	0	0	0	0	0	0	0
total current assets	2,841,905	1,742,645	1,256,003	1,469,233	1,080,422	1,500,000	1,134,634	952,657	711,789	561,276	365,801	407,761	326,849	164,493	427,248
total assets	3,014,830	1,855,581	1,401,154	1,629,352	1,207,964	1,604,466	1,244,021	1,056,929	777,386	632,250	434,696	492,461	444,835	315,823	618,874
Bank overdraft	0	0	0	0	0	0	0	4,134	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,430,318	524,001	638,164	790,922	502,747	861,878	468,747	433,898	644,265	502,375	381,640	403,418	361,008	206,826	381,700
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	350,343	394,308	205,971	251,819	283,603	267,949	203,894	264,127	0	0	0	0	0	0	0
total current liabilities	1,780,661	918,309	844,135	1,042,741	786,350	1,129,827	672,641	702,159	644,265	502,375	381,640	403,418	361,008	206,826	381,700
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	154,782	130,476	137,608	148,246	150,917	125,852	131,283	14,881	14,268	18,441	5,827	9,507	3,690	26,705	53,840
provisions	15,620	9,910	15,220	17,174	9,281	13,028	11,704	15,663	6,963	5,806	8,042	4,591	6,408	8,856	12,813
total long term liabilities	170,402	140,386	152,828	165,420	160,198	138,880	142,987	30,544	21,231	24,247	13,869	14,098	10,098	35,561	66,653
total liabilities	1,951,063	1,058,695	996,963	1,208,161	946,548	1,268,707	815,628	732,703	665,496	526,622	395,509	417,516	371,106	242,387	448,353
net assets	1,063,767	796,886	404,191	421,191	261,416	335,759	428,393	324,226	111,890	105,628	39,187	74,945	73,729	73,436	170,521
total shareholders funds	1,063,767	796,886	404,191	421,191	261,416	335,759	428,393	324,226	111,890	105,628	39,187	74,945	73,729	73,436	170,521

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	271,283	460,452	-17,657	196,466	-78,989	-96,405	127,064	264,958	7,003	83,584	-35,795	1,347	99	-97,379	236,460
Depreciation	50,449	32,215	41,594	44,888	38,769	21,056	21,653	28,275	18,096	16,355	17,413	17,179	23,844	30,296	38,689
Amortisation	0	0	0	0	0	0	0	0	0	10,000	10,000	10,000	10,000	10,000	25,000
Tax	-88,960	-92,114	0	-37,455	0	0	-24,434	-53,084	-1,565	-17,662	0	-384	-103	0	-66,275
Stock	0	0	38,500	-34,000	-24,000	76,500	-34,500	-44,485	54,485	42,500	-1,753	1,017	1,236	0	7,000
Debtors	33,026	-44,619	-30,259	215,213	-277,030	-62,892	99,306	74,859	163,672	-37,209	-42,748	169,180	89,196	-191,973	326,055
Creditors	906,317	-114,163	-152,758	288,175	-359,131	393,131	34,849	-210,367	141,890	120,735	-21,778	42,410	154,182	-174,874	381,700
Accruals and Deferred Income	-43,965	188,337	-45,848	-31,784	15,654	64,055	-60,233	264,127	0	0	0	0	0	0	0
Deferred Taxes & Provisions	5,710	-5,310	-1,954	7,893	-3,747	1,324	-3,959	8,700	1,157	-2,236	3,451	-1,817	-2,448	-3,957	12,813
Cash flow from operations	1,067,808	514,036	-184,864	286,970	-86,414	369,553	30,134	272,235	-51,576	205,485	17,792	-101,462	95,142	-43,941	295,332
Investing Activities
capital expenditure	-110,438	0	-26,626	-77,465	-61,845	-16,135	-26,768	-66,950	-12,719	-28,434	-11,608	6,107	-500	0	-255,315
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-110,438	0	-26,626	-77,465	-61,845	-16,135	-26,768	-66,950	-12,719	-28,434	-11,608	6,107	-500	0	-255,315
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	24,306	-7,132	-10,638	-2,671	25,065	-5,431	116,402	613	-4,173	12,614	-3,680	5,817	-23,015	-27,135	53,840
share issue	0	0	0	100	0	0	0	0	0	0	0	0	0	0	100
interest	84,559	24,357	657	664	4,646	3,771	1,537	462	825	518	37	253	297	294	235
cash flow from financing	108,865	17,225	-9,981	-1,907	29,711	-1,660	117,939	1,075	-3,348	13,132	-3,643	6,070	-22,718	-26,841	54,175
cash and cash equivalents
cash	1,066,234	531,261	-221,471	207,598	-118,548	351,758	-14,702	210,494	-67,644	190,184	2,541	-89,285	71,924	-70,782	94,193
overdraft	0	0	0	0	0	0	-4,134	4,134	0	0	0	0	0	0	0
change in cash	1,066,234	531,261	-221,471	207,598	-118,548	351,758	-10,568	206,360	-67,644	190,184	2,541	-89,285	71,924	-70,782	94,193

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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STEEL STRUCTURES (N.I.) LTD group structure

Steel Structures (N.I.) Ltd has no subsidiary companies.

Ultimate parent company

STEEL STRUCTURES (N.I.) LTD

NI029255

STEEL STRUCTURES (N.I.) LTD Shareholders

john darin milligan	50%
frances milligan	23%
aaron harold wilmont	13%
julie wilmont	12%
richard wilson lauder	2%

Steel Structures (N.I.) Ltd currently has 3 directors. The longest serving directors include Mr John Milligan (Nov 2000) and Mr Aaron Wilmont (May 2006).

officer	country	age	start	end	role
Mr John Milligan		52 years	Nov 2000	-	Director
Mr Aaron Wilmont		45 years	May 2006	-	Director
Mr Richard Lauder	Northern Ireland	40 years	Nov 2021	-	Director

P&L

November 2023

turnover

3.2m

+38%

operating profit

271.3k

gross margin

24.3%

+1.97%

turnover

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

Balance Sheet

November 2023

net assets

1.1m

+0.33%

total assets

+0.62%

cash

2.1m

+0.99%

net assets

Total assets minus all liabilities

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company number

NI029255

Type

Private limited with Share Capital

industry

25110 - Manufacture of metal structures and parts of structures

incorporation date

February 1995

ultimate parent company

None

previous names

N/A

address

24 barbour gardens, dunmurry, belfast, BT17 9AB

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.

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steel structures (n.i.) ltd Company Information

steel structures (n.i.) ltd Estimated Valuation

steel structures (n.i.) ltd Estimated Valuation

steel structures (n.i.) ltd Estimated Valuation

Steel Structures (n.i.) Ltd Overview

Steel Structures (n.i.) Ltd Health Check

STEEL STRUCTURES (N.I.) LTD financials

steel structures (n.i.) ltd Credit Report and Business Information

Steel Structures (n.i.) Ltd Competitor Analysis

steel structures (n.i.) ltd Ownership

steel structures (n.i.) ltd directors

steel structures (n.i.) ltd company details

steel structures (n.i.) ltd Charges & Mortgages

steel structures (n.i.) ltd Capital Raised & Share Issues BETA

steel structures (n.i.) ltd Companies House Filings - See Documents