STEEL & ALLOY PROCESSING LIMITED
Operating as a subsidiary of Gonvarri Corporacion Financiera SL, the company provides steel processing services, including blanking and slitting, to supply the automotive industry.
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Cash
£4.3k
-25.8% lowest in 3 filed years
Net assets
£63k
+1.1% vs 2024
Employees
180
-6.7% lowest in 3 filed years
Profit before tax
£607
-10.5% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Basic Materials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £314,824,000 | £270,577 | £210,707 | -22.1% | |
| Operating profit | £1,130,000 | £850 | £597 | -29.8% | |
| Profit before tax | £748,000 | £678 | £607 | -10.5% | |
| Net profit | £918,000 | £287 | £678 | +136.2% | |
| Cash | £9,162,000 | £5,803 | £4,306 | -25.8% | |
| Total assets less current liabilities | £63,506,000 | £63,779 | £64,052 | +0.4% | |
| Net assets | £61,877,000 | £62,164 | £62,842 | +1.1% | |
| Equity | £61,877,000 | £62,164 | £62,842 | +1.1% | |
| Average employees | 205 | 193 | 180 | -6.7% | |
| Wages | £8,022,000 | £7,864 | £7,803 | -0.8% | |
| Directors' remuneration | £550,000 | £665 | £703 | +5.7% | |
| Directors' pension contributions | £143,000 | £176 | £80 | -54.5% | |
| Highest paid director | £211,106 | £189,546 | £206,921 | +9.2% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 0.4% | 0.3% | 0.3% | |
| Net margin | 0.3% | 0.1% | 0.3% | |
| Return on capital employed | 1.8% | 1.3% | 0.9% | |
| Gearing (liabilities / total assets) | 51.0% | 39.8% | 38.0% | |
| Current ratio | 1.64x | 2.03x | 2.11x | |
| Interest cover | 2.96x | 4.94x | — |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After considering the forecasts, available facilities and support available from the parent undertaking, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and have therefore adopted the going concern basis in preparing these financial statements.”
Significant events
- “The company reached an agreement in January 2026 with respect to a business interruption claim arising from supply chain disruptions experienced during the final months of 2025. The claim was subsequently settled on 1st June 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CANDELA MARTINEZ, Ramon | Secretary | 2025-12-01 | — | — |
| CANDELA MARTINEZ, Ramon | Director | 2019-07-03 | Apr 1976 | Spanish |
| COLEMAN, Maxwell Robert | Director | 1999-04-30 | Mar 1970 | British |
| MARSHALL, Owen Robert John | Director | 2018-04-01 | Jan 1975 | British |
| MASON, Jack John Mathew | Director | 2024-04-01 | Nov 1993 | British |
| MOREIRA, Josu Calvo | Director | 2012-03-31 | Jul 1968 | Spanish |
| RIBERAS, Rafael De La Flor | Director | 2012-03-31 | Mar 1967 | Spanish |
| WHITEHOUSE, Paul Joseph | Director | 2011-03-31 | Aug 1969 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASHWELL, Fay Lesley | Secretary | — | 1995-03-31 |
| ESCRIBANO, Mario Ruiz | Secretary | 2012-03-31 | 2025-12-01 |
| JOHNSON, David Richard | Secretary | 1997-06-30 | 2011-03-31 |
| LITTING, Michael Bernard | Secretary | 1995-03-31 | 1997-06-30 |
| WHITEHOUSE, Paul | Secretary | 2011-03-31 | 2012-03-31 |
| ASHWELL, Brian David | Director | — | 2006-01-17 |
| ASHWELL, Fay Lesley | Director | — | 1999-04-30 |
| COOPER, Mark Thomas | Director | 1992-01-01 | 2022-04-30 |
| ESCRIBANO, Mario Ruiz | Director | 2012-03-31 | 2025-11-01 |
| GIBSON, Ian | Director | 2003-07-01 | 2018-04-01 |
| GONZALEZ, Francisco Bazaga | Director | 2012-03-31 | 2019-06-03 |
| GREEN, Michael | Director | 2011-01-10 | 2012-03-31 |
| JOHNSON, David Richard | Director | 1997-05-28 | 2011-05-24 |
| MERA, Juan Maria Riberas | Director | 2012-03-31 | 2025-11-01 |
| ONIONS, Robert | Director | — | 1995-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Juan Maria Riberas Mera | Individual | Shares 25–50% | 2023-08-04 | Active |
| Mr Francisco José Riberas Mera | Individual | Shares 25–50% | 2023-08-04 | Active |
| Gonvarri Steel Services Sa | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2023-08-04 |
Filing timeline
Last 20 of 162 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-14 | AA | accounts | Accounts with accounts type full | |
| 2025-12-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-15 | RP04TM01 | officers | Second filing of director termination with name | |
| 2025-12-15 | RP04TM01 | officers | Second filing of director termination with name | |
| 2025-12-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-12-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-03 | AA | accounts | Accounts with accounts type full | |
| 2024-12-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-24 | AA | accounts | Accounts with accounts type full | |
| 2024-04-22 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-02 | AA | accounts | Accounts with accounts type full | |
| 2023-08-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-08-21 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-08-21 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-12-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-21 | AA | accounts | Accounts with accounts type full | |
| 2022-07-22 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.