STEEL MIDCO 1 LIMITED - Profile & Financials

Accounts Submitted 26 Sept 2025

Confirmation Statement Submitted 16 Apr 2025

Net assets £-49.64M £19.47M 2024 year on year

Total assets £90.79M £8.09M 2024 year on year

Total Liabilities £140.43M £11.38M 2024 year on year

Charges None No charges registered

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Contact & Details

Contact

Update Details

Registered Address

10 Queen Street Place London EC4R 1AG England

Credit Report

Discover STEEL MIDCO 1 LIMITED's Credit Score, limit, and payment likelihood.

Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2024

Type Total Exemption Full

Next accounts 31 December 2025

Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2022–2024)

Cash in Bank

£4.15M

Decreased by £1.95M (-32%)

Net Assets

-£49.64M

Decreased by £19.47M (-65%)

Total Liabilities

£140.43M

Increased by £11.38M (+9%)

Turnover

£23.40M

Increased by £4.36M (+23%)

Employees

224

Increased by 80 (+56%)

Debt Ratio

155%

Increased by 24 (+18%)

Financial History

Revenue, profit, EBITDA and key financial figures

	2024 Dec Year End	2023 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Officers

4 active 1 resigned

Show resigned officers

						Status
Ben James Hollowood	Director	British	England	45	2 Sept 2022	Active
David Robert Pearce	Director	British	United Kingdom	62	2 Sept 2022	Active
Mathias Strasser	Director	Austrian	United Kingdom	51	15 Apr 2022	Active
Thomas Shelford	Director	British	United Kingdom	45	12 Apr 2022	Active

Shareholders

Shareholders (2)


Steel Topco Limited	100.0%	1	Ordinary	23 May 2023
Bowmark Capital Partners Vi, Nominees Limited	0.0%	0	Ordinary	23 May 2023

Persons with Significant Control

Persons with Significant Control (1)

1 Active 1 Ceased

Bowmark Capital Partners Vi, Nominees Limited

United Kingdom

Active

Notified 12 Apr 2022

Nature of Control

Ownership Of Shares 75 To 100 Percent
Voting Rights 75 To 100 Percent

Bowmark Investment Partnership Vi, Nominees Limited

Ceased 15 Apr 2022

Ceased

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Group Structure

BOWMARK CAPITAL PARTNERS VI, NOMINEES LIMITED united kingdom significant influence or control

BOWMARK CAPITAL LLP united kingdom

BOWMARK GP VI LLP united kingdom significant influence or control limited liability partnership

BOWMARK CAPITAL (HOLDINGS) LIMITED united kingdom shares 75 to 100 percent

BOWMARK CAPITAL PARTNERS GP LIMITED united kingdom shares 75 to 100 percent

STEEL MIDCO 1 LIMITED Current Company

STEEL MIDCO 2 LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

Charges

No charges registered

Documents

Company Filings

Date	Category	Description	Document
26 Sept 2025	Accounts	Annual accounts made up to 2024-12-31	View(30 pages)
16 Apr 2025	Confirmation Statement	Confirmation statement made on 2025-04-11 with no updates	View(3 pages)
3 Sept 2024	Accounts	Annual accounts made up to 2023-12-31	View(29 pages)
15 May 2024	Confirmation Statement	Confirmation statement made on 2024-04-11 with no updates	View(3 pages)
15 Feb 2024	Officers	Termination of Sukhdeep Singh Jagait as director on 2024-01-31	View(1 page)