SPECIAL STEEL CO.,LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -18.2%

  £95,600,441 → £78,197,585

• Cash

  -27.2%

  £26,922,207 → £19,603,611

• Net assets

  -1.4%

  £79,793,568 → £78,655,311

• Employees

  +2.2%

  230 → 235

  highest in 4 filed years

• Operating profit

  -58.8%

  £21,077,636 → £8,691,644

• Profit before tax

  -56.1%

  £21,693,530 → £9,527,744

• Wages

  -14.6%

  £13,672,802 → £11,677,176

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

BHP LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. SPECIAL STEEL CO.,LIMITED · parent
   1. Special Machined Products Limited 100% · UK
   2. Special Quality Alloys Inc 100% · USA
   3. Special Quality Alloys Limited 100% · UK
   4. Special Steels Limited 100% · UK
   5. Special Testing Limited 100% · UK
   6. Value Heat Treat Limited 100% · UK
   7. Sheffield Special Steels Limited 50% · UK

Significant events

• “The Board did however continue to sanction new capital expenditure, this year including the replacement of a manual lathe to service both external customers and internal Group companies.”
• “Recruitment and retention of the skilled workforce necessary to operate within the precision engineering sector remained challenging and management remained vigilant to the competitive environment from the region.”
• “We have qualified on-site Mental Health First Aid (MHFA)practitioners, and we have been adapting working hours and flexible working throughout the Group.”
• “During this financial year SQA also achieved EN9100 & EN9120 to enable us to service the Aerospace business utilizing other aerospace approved group companies.”
• “In recognition of the newly introduced Sheffield Clean Air Zone for commercial vehicles, (our main base of operations), we replaced our HGV fleet with newly complaint, EURO 6 vehicles.”
• “Additionally, we have a programme to transition to electrically powered handling equipment throughout the production departments to maximise the use of our solar power and minimise emissions from daily operations”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.