Steelstrip Services Limited in Dudley, DY1 2HA

Description

Data updated on: 01-11-2023

Steelstrip Services Limited is officially located at Dudley at Servosteel. Anyone can search for the firm by its post code - DY1 2HA. The enterprise has been operating on the British market for 21 years. This business is registered under the number 04797346 and their last known status is active. This firm has been on the market under three different names. Its first listed name, Oakside Solutions, was switched on 2010-12-09 to Essar Steel Processing & Distribution Uk. The current name is used since 2014, is Steelstrip Services Limited. The company's SIC and NACE codes are 25610 - Treatment and coating of metals. Steelstrip Services Ltd filed its latest accounts for the financial period up to 2022-03-31. The company's latest confirmation statement was filed on 2023-06-30.

As stated, the business was formed in 2003-06-12 and has so far been managed by eighteen directors, out of whom four (Steve D., Sarah O., Darryl M. and Richard B.) are still a part of the company. In order to provide support to the directors, the abovementioned business has been utilizing the skills of Sarah O. as a secretary since April 2019.

Previous company's names
Steelstrip Services Limited 2014-04-04
Essar Steel Processing & Distribution Uk Limited 2010-12-09
Oakside Solutions Limited 2003-06-12

Financial data based on annual reports

Profit & Loss
Date of Accounts	2021-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	2 103	715 434	6 925
Current Assets	7 252 937	11 802 875	9 455 045
Debtors	6 143 579	8 341 129	8 772 209
Net Assets Liabilities	3 139 167	4 112 310	4 525 694
Other Debtors	8 775	10 515	2 060
Property Plant Equipment	1 843 752	1 725 039	2 024 186
Total Inventories	1 107 255	2 746 312	675 911

Other Financial Data
Audit Fees Expenses		11 435	19 660
Director Remuneration	125 277	270 092	64 000
Dividend Recommended By Directors			952 840
Number Directors Accruing Benefits Under Money Purchase Scheme	2	4	4
Accrued Liabilities	215 154	157 618	513 816
Accrued Liabilities Deferred Income	1 547 354	2 745 813	804 063
Accrued Liabilities Not Expressed Within Creditors Subtotal	4 091	3 417	2 743
Accumulated Amortisation Impairment Intangible Assets	365 001	365 001
Accumulated Depreciation Impairment Property Plant Equipment	11 084 598	11 607 580	12 165 205
Additional Provisions Increase From New Provisions Recognised			243 193
Administrative Expenses	3 296 406	3 697 336	3 575 068
Amounts Owed By Group Undertakings	2 140 517	2 057 455	3 669 756
Applicable Tax Rate	19	19	19
Average Number Employees During Period	79	92	97
Bank Borrowings	448 571	391 172	440 874
Bank Borrowings Overdrafts	1 103 829	715 000	1 240 935
Capital Commitments	36 933	263 057
Cash Cash Equivalents Cash Flow Value	2 103
Cash Receipts From Government Grants	-1 734	-674
Comprehensive Income Expense	191 552	1 034 867	1 585 313
Corporation Tax Payable	1 140	1 141	104 792
Cost Sales	7 932 714	19 837 489	14 572 384
Creditors	1 249 023	755 488	1 240 935
Current Tax For Period	1 140	1 141	104 792
Deferred Tax Asset Debtors		47 747
Depreciation Amortisation Expense	558 967	547 966
Depreciation Expense Property Plant Equipment		471 970	501 429
Disposals Decrease In Depreciation Impairment Property Plant Equipment		24 984
Disposals Property Plant Equipment		24 984
Dividend Per Share Final			0
Dividend Per Share Interim			0
Dividends Paid			952 840
Dividends Paid On Shares			952 840
Dividends Paid On Shares Final			630 456
Dividends Paid On Shares Interim			322 384
Finance Lease Liabilities Present Value Total	130 797	104 788	40 488
Fixed Assets	1 843 752	1 725 039	2 024 186
Further Item Interest Expense Component Total Interest Expense	18 438	46 301	27 525
Further Operating Expense Item Component Total Operating Expenses		16 199 349	10 534 619
Future Minimum Lease Payments Under Non-cancellable Operating Leases	722 896	722 896	830 792
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	-216 114	4 035 698
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-685 073	-2 366 415
Gross Profit Loss	3 232 857	4 993 711	5 501 951
Income From Related Parties	377 770	2 906 171	174 624
Income Taxes Paid Refund Classified As Operating Activities		-1 140
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	-39 698	713 331
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	441 027	1 639 057
Increase From Depreciation Charge For Year Property Plant Equipment		547 966	557 625
Intangible Assets Gross Cost	365 001	365 001
Interest Expense On Bank Loans Similar Borrowings	14 978	52 986	100 635
Interest Expense On Bank Overdrafts	16 811	54 161	89 462
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	6 968	26 632	5 245
Interest Paid Classified As Operating Activities	-50 227	-135 218
Interest Payable Similar Charges Finance Costs	57 195	161 850	222 867
Loans Owed By Related Parties	95 705	199 703	30 226
Merchandise	1 107 255	2 746 312	675 911
Net Cash Flows From Used In Financing Activities	-897 843	576 943
Net Cash Flows From Used In Investing Activities	298 091	429 246
Net Cash Flows From Used In Operating Activities	639 450	-1 719 520
Net Cash Generated From Operations	582 255	-1 882 510
Net Current Assets Liabilities	2 548 529	3 146 176	3 940 632
Net Interest Received Paid Classified As Investing Activities	-9	-7
Number Shares Issued Fully Paid		2 413 954	2 413 954
Operating Profit Loss	202 726	1 304 992	1 936 991
Other Creditors	267 075	253 169	251 127
Other Deferred Tax Expense Credit	15 193	168 865	243 193
Other Interest Receivable Similar Income Finance Income	62 354	61 731	219 174
Other Operating Income Format1	266 275	8 617	10 108
Other Taxation Social Security Payable	454 670	599 569	631 818
Par Value Share		1	1
Payments To Related Parties	159 313	1 086 592
Pension Other Post-employment Benefit Costs Other Pension Costs	70 021	88 033	82 346
Prepayments Accrued Income	280 697	349 865	386 852
Proceeds From Borrowings Classified As Financing Activities	-1 100 000
Profit Loss	191 552	1 034 867	1 585 313
Profit Loss On Ordinary Activities Before Tax	207 885	1 204 873	1 933 298
Property Plant Equipment Gross Cost	12 928 350	13 332 619	14 189 391
Provisions	-216 612	-47 747	195 446
Provisions For Liabilities Balance Sheet Subtotal			195 446
Purchase Property Plant Equipment	-298 100	-429 253
Repayments Borrowings Classified As Financing Activities	-134 751	-446 228
Social Security Costs	253 993	330 239	326 592
Staff Costs Employee Benefits Expense	2 942 541	3 705 597	3 788 227
Tax Decrease From Utilisation Tax Losses	16 372	174 546	95 875
Tax Expense Credit Applicable Tax Rate	39 498	228 926	367 327
Tax Increase Decrease Arising From Group Relief Tax Reconciliation	-11 846	-11 728	-38 817
Tax Increase Decrease From Effect Capital Allowances Depreciation	-9 283	-44 159	-130 044
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	-857	2 648	2 201
Tax Increase Decrease From Other Tax Effects Tax Reconciliation	15 193	168 865	243 193
Tax Tax Credit On Profit Or Loss On Ordinary Activities	16 333	170 006	347 985
Total Additions Including From Business Combinations Property Plant Equipment		429 253	856 772
Total Assets Less Current Liabilities	4 392 281	4 871 215	5 964 818
Total Borrowings	3 375 745	3 997 261	2 526 360
Trade Creditors Trade Payables	1 639 647	4 403 429	2 727 435
Trade Debtors Trade Receivables	3 401 273	5 675 844	4 683 315
Turnover Revenue	11 165 571	24 831 200	20 074 335
Wages Salaries	2 618 527	3 287 325	3 379 289