TATA STEEL UK LIMITED
Formerly known as British Steel and Corus, the company operates as the UK manufacturing subsidiary of Tata Steel Ltd, producing basic iron and steel products for various industrial sectors.
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Cash
£27m
-57.1% vs 2025
Net assets
£52m
+107.5% highest in 3 filed years
Employees
5,600
-21.5% lowest in 3 filed years
Profit before tax
-£335m
+35.6% highest in 3 filed years
Net assets
3-year trend · vs Basic Materials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £2,629,000,000 | £2,246,000,000 | £1,881,000,000 | -16.3% | |
| Operating profit | -£1,054,000,000 | -£432,000,000 | -£270,000,000 | +37.5% | |
| Profit before tax | -£1,115,000,000 | -£520,000,000 | -£335,000,000 | +35.6% | |
| Net profit | -£1,229,000,000 | -£477,000,000 | -£309,000,000 | +35.2% | |
| Cash | £22,000,000 | £63,000,000 | £27,000,000 | -57.1% | |
| Total assets less current liabilities | — | £411,000,000 | £458,000,000 | +11.4% | |
| Net assets | -£1,085,000,000 | -£690,000,000 | £52,000,000 | +107.5% | |
| Equity | -£1,085,000,000 | -£690,000,000 | £52,000,000 | +107.5% | |
| Average employees | 7,914 | 7,130 | 5,600 | -21.5% | |
| Wages | £333,000,000 | £294,000,000 | £248,000,000 | -15.6% | |
| Directors' remuneration | £1,100,000 | £1,000,000 | £1,200,000 | +20% | |
| Directors' pension contributions | — | £200,000 | £600,000 | +200% | |
| Highest paid director | £400,000 | £500,000 | £800,000 | +60% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | -40.1% | -19.2% | -14.4% | |
| Net margin | -46.7% | -21.2% | -16.4% | |
| Return on capital employed | — | -105.1% | -59.0% | |
| Gearing (liabilities / total assets) | 176.7% | 149.4% | 96.7% | |
| Current ratio | 0.46x | 0.64x | 0.49x | |
| Interest cover | -10.04x | -3.54x | -3.80x |
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.
Name history
Renamed 2 times since incorporation
- TATA STEEL UK LIMITED 2010-09-27 → present
- CORUS UK LIMITED 2000-04-17 → 2010-09-27
- BRITISH STEEL LIMITED 1988-07-26 → 2000-04-17
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Under the base case scenario and a severe but plausible downside scenario, the Directors believe that the Company have access to adequate liquidity given the support undertakings provided by TSGH as described above and the commitments from the UK Government and TSL contained in the Grant Funding Agreement in order to enable the execution of its decarbonisation strategy. For these reasons, the Directors have determined that it is appropriate for the financial statements of the Company to be prepared on a going concern basis.”
Group structure
- TATA STEEL UK LIMITED · parent
- Tata Steel International (South America) Representacoes Limited 100%
- Catnic GmbH 100%
- Tata Steel International (India) Limited 100%
- Gamble Simms Metals Limited 100%
- Crucible 2025 Limited 100%
- Tata Steel Mexico SA de CV 100%
- Tata Steel International (Nigeria) Limited 100%
- Tata Steel Norway Byggsystemer A/S 100%
- Corus International Romania SRL 100%
- TS South Africa Sales Office Proprietary Limited 100%
- Surahammar Bruks AB 100%
- Tata Steel International (Middle East) FZE 100%
- 137050 Limited 100%
- British Steel Trading Limited 100%
- Cogent Power Limited 100%
- Corby (Northants) & District Water Co 100%
- Corus CNBV Investments 50%
- Corus Engineering Steels (UK) Limited 100%
- Corus Engineering Steels Limited 100%
- Corus Holdings Limited 100%
- Corus International (Overseas Holdings) Limited 100%
- Corus International Limited 100%
- Corus Property 50%
- Corus UK Healthcare Trustee Limited 100%
- Hammermega Limited 100%
- H E Samson Limited 100%
- Runblast Limited 100%
- Tata Steel Research & Innovation Limited 100%
- The Newport And South Wales Tube Company Limited 100%
- UES Bright Bar Limited 100%
- UES Cable Street Mills Ltd 100%
- UK Steel Enterprise Limited 100%
- Tata Steel International (Americas) Holdings Inc 100%
- Tata Steel International (Americas) Inc 100%
Significant events
- “The Company suffered the loss of a colleague following an incident at its Corby site in Northamptonshire. At the time of publication, the incident remains under investigation. The Health and Safety Executive. TSUK is fully cooperating with the relevant authorities and continues to support those affected.”
- “The Company's historic defined benefit scheme in the UK, the British Steel Pension Scheme (BSPS), completed a successful buyout on 31 March 2026 which completes the final step on the Company's journey to successfully de-risk the BSPS and secure the best possible outcome for members of the BSPS.”
- “In September 2023, Tata Steel agreed in principle with the UK Government to transition Port Talbot from blast-furnace steelmaking to electric arc furnace (EAF) steel production.”
- “A Grant Funding Agreement was signed in September 2024 between the Company and the UK Government... the UK Government would contribute £500 million and the Company would contribute £750 million for an initially estimated overall investment of £1.25 billion.”
- “On 3 June 2026, a fire broke out on the Company's Port Talbot site. As at the date of approval of these financial statements, the extent of the damage and the resulting financial impact, including any potential insurance recoveries, are still being assessed, but the costs incurred due to this event during the month-ended 30 June 2026 are not material.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 61 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PAGE, Alastair James | Secretary | 2021-08-10 | — | — |
| CHATTERJEE, Koushik | Director | 2020-12-31 | Sep 1968 | Indian |
| DE, Kaushik | Director | 2023-03-31 | Oct 1979 | British |
| NAIR, Rajesh | Director | 2022-03-17 | May 1966 | Indian |
| NARENDRAN, Thachat Viswanath | Director | 2020-12-31 | Jun 1965 | Indian |
Show 61 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GIDWANI, Sharone Vanessa | Secretary | 2012-12-01 | 2021-07-31 |
| REEVES, Richard John | Secretary | — | 2005-02-01 |
| SCANDRETT, Allison Leigh | Secretary | 2005-02-01 | 2012-12-01 |
| ADAM, Henrik, Dr | Director | 2012-01-26 | 2025-01-01 |
| BISWAS, Sandip | Director | 2019-08-29 | 2022-03-08 |
| BOND, John Reginald Hartnell, Sir | Director | 1994-01-31 | 1998-03-31 |
| BRIET, Francois Cornelis Willem | Director | 2000-12-06 | 2001-08-29 |
| BRYANT, John Martin | Director | 1996-02-14 | 2000-12-05 |
| CHATURVEDI, Uday | Director | 2011-07-01 | 2012-01-26 |
| DAVIES, Michael John | Director | 2022-03-17 | 2023-03-31 |
| DEVANEY, John Francis | Director | 1998-09-09 | 1999-10-06 |
| DOHERTY, Shaun, Dr | Director | 2011-01-26 | 2012-04-30 |
| DOHERTY, Shaun, Dr | Director | 2010-07-24 | 2010-08-08 |
| DRYDEN, Philip Westgarth | Director | 2008-02-13 | 2010-03-31 |
| EDINGTON, Jeffrey William, Dr | Director | 1994-01-12 | 2000-12-31 |
| FARQUHAR, Torquil John | Director | 2012-05-15 | 2020-12-31 |
| FERRIMAN, Jonathan | Director | 2012-01-26 | 2012-11-16 |
| FISCHER, Hans, Dr | Director | 2012-07-01 | 2019-07-01 |
| FRAME, Alistair Gilchrist, Sir | Director | — | 1993-04-30 |
| GARDNER, Colin David | Director | 2011-05-18 | 2012-05-15 |
| GOODISON, Nicholas Proctor, Sir | Director | — | 1999-10-06 |
| GRAY, Kenneth Walter, Doctor | Director | 1995-05-10 | 1999-10-06 |
| GREGSON, John, Lord | Director | — | 1994-07-27 |
| GRIERSON, Donald Kenneth | Director | 2011-05-18 | 2012-08-15 |
| GRIEVES, David, Dr | Director | — | 1994-07-27 |
| HAIDER, Karl | Director | 2019-11-13 | 2020-12-31 |
| HALSTEAD, Ronald, Sir | Director | — | 1994-07-27 |
| HAMPTON, Philip Roy | Director | — | 1996-07-24 |
| HASAN, Syed Anwar | Director | 2007-07-19 | 2008-02-13 |
| HENSTRA, Rauke | Director | 2005-04-19 | 2008-02-13 |
| HOLLICK, Christopher | Director | 2000-12-06 | 2003-08-27 |
| HOMER, Harold | Director | — | 1999-10-06 |
| HOOGENES, Ernst | Director | 2018-10-23 | 2020-12-31 |
| JACQUES, Jean-Sebastien Dominique Francois | Director | 2010-03-25 | 2011-06-30 |
| JHA, Bimlendra | Director | 2013-07-05 | 2018-12-31 |
| JHANJI, Anil | Director | 2022-03-17 | 2026-02-27 |
| KOHLER, Karl Ulrich, Prof. Dr.-Ing | Director | 2010-03-25 | 2010-12-26 |
| KÖHLER, Karl-Ulrich, Prof.Dr.-Ing | Director | 2012-05-15 | 2016-02-29 |
| LLOYD, David Michael | Director | 2001-02-01 | 2008-01-01 |
| LORMOR, Paul Frederick | Director | 2003-10-09 | 2008-02-13 |
| MACDONALD, Alexander Scott | Director | 2003-10-09 | 2010-01-12 |
| MADDOCK, David Stephen | Director | 2011-05-18 | 2012-05-15 |
| MATHESON (AVONTUUR), Helen Lochhead | Director | 2012-04-30 | 2020-12-31 |
| MCDOWALL, John Blyth | Director | — | 1999-10-06 |
| MISRA, Narendra Kumar | Director | 2011-07-01 | 2020-02-21 |
| MOFFAT, Brian Scott, Sir | Director | — | 1999-10-06 |
| OUDEMAN, Maria Johanna | Director | 2008-02-13 | 2010-04-09 |
| PEDDER, Anthony Paul | Director | — | 2003-03-14 |
| PETTIFOR, Stuart Ian | Director | 2002-04-11 | 2005-05-31 |
| PHILLIPS, John | Director | 2012-08-31 | 2020-12-31 |
| PHILLIPS, John | Director | 2011-05-18 | 2012-05-15 |
| RENNOCKS, John Leonard | Director | 1996-07-24 | 2001-01-31 |
| ROYLE, Frank Paul | Director | 2008-01-01 | 2011-06-30 |
| RUNCIMAN, Hugh Leishman Inglis | Director | — | 1995-07-21 |
| SANDERSON, Bryan Kaye, Mr. | Director | 1994-01-31 | 1999-10-06 |
| SHAW, John Giles Dunkerley, Sir | Director | — | 1999-07-21 |
| STRICKLAND, Paul Rodger | Director | 2005-04-19 | 2009-06-09 |
| TURNER, Richard | Director | 1994-01-31 | 1999-10-06 |
| VRINS, Hendrik Antoon Maria | Director | 2000-12-06 | 2004-03-01 |
| WHEATLEY, Alan Edward | Director | — | 1993-07-16 |
| WHEELAN, Peter David | Director | 2002-04-11 | 2002-11-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Board Of The Pension Protection Fund | Corporate entity | Significant influence | 2017-09-11 | Ceased 2020-12-22 |
| Corus Group Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 722 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-28 | AA | accounts | Accounts with accounts type full | |
| 2026-07-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-16 | SH01 | capital | Capital allotment shares | |
| 2026-03-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-16 | SH01 | capital | Capital allotment shares | |
| 2025-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-16 | AA | accounts | Accounts with accounts type full | |
| 2025-05-19 | SH01 | capital | Capital allotment shares | |
| 2025-05-09 | SH01 | capital | Capital allotment shares | |
| 2025-05-02 | SH01 | capital | Capital allotment shares | |
| 2025-04-09 | SH01 | capital | Capital allotment shares | |
| 2025-04-02 | SH01 | capital | Capital allotment shares | |
| 2025-04-02 | SH01 | capital | Capital allotment shares | |
| 2025-04-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-27 | SH01 | capital | Capital allotment shares | |
| 2025-03-06 | SH01 | capital | Capital allotment shares | |
| 2025-02-26 | SH01 | capital | Capital allotment shares | |
| 2025-02-06 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 12
- Officers appointed
- 0
- Officers resigned
- 1
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.