MARCEGAGLIA (UK) LIMITED
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Cash
£991K
-94.5% vs 2023
Net assets
£48M
-13.9% vs 2023
Employees
177
-3.3% vs 2023
Profit before tax
-£7.7M
-80.8% vs 2023
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £81,069,919 | £69,748,819 | -14% | |
| Operating profit | -£4,333,225 | -£6,916,704 | -59.6% | |
| Profit before tax | -£4,239,679 | -£7,666,108 | -80.8% | |
| Net profit | -£3,530,906 | -£7,666,108 | -117.1% | |
| Cash | £18,094,800 | £991,426 | -94.5% | |
| Total assets less current liabilities | £55,336,448 | £52,027,837 | -6% | |
| Net assets | £55,336,448 | £47,670,340 | -13.9% | |
| Equity | £55,336,448 | £47,670,340 | -13.9% | |
| Average employees | 183 | 177 | -3.3% | |
| Wages | £6,630,697 | £6,895,248 | +4% | |
| Directors' remuneration | £118,000 | £110,000 | -6.8% |
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 |
|---|---|---|---|
| Operating margin | -5.3% | -9.9% | |
| Net margin | -4.4% | -11.0% | |
| Return on capital employed | -7.8% | -13.3% | |
| Current ratio | 2.09x | 2.24x | |
| Interest cover | -13.36x | -8.54x |
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 1 time since incorporation
- MARCEGAGLIA (UK) LIMITED 1996-12-31 → present
- CENTRAL BRIGHT STEELS LIMITED 1992-01-13 → 1996-12-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company has adequate resources (within Group) to continue in operational existence for the foreseeable future, and that there are no material uncertainties that lead to significant doubt regarding the Company's ability to continue as a going concern.”
Significant events
- “Marcegaglia UK experienced sharp steel price movements and demand volatility, resulting in a challenging year with total volume decreasing from 82,652 metric tons in 2023 to 77,025 metric tons in 2024.”
- “Total investment in fixed assets for 2024 was around £4.3m mainly related to new premises in Oldbury, completing installation of 3 HF tube production lines for stainless steel, and revamping old carbon tube lines.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VERRATTI, Matilde | Secretary | 2018-07-23 | — | — |
| COSTI, Andrea Marco | Director | 2017-11-21 | Jun 1964 | Italian |
| HAYCOCK, Nicholas William | Director | 2022-09-27 | Dec 1983 | British |
| MARCEGAGLIA, Antonio | Director | 1992-07-02 | Dec 1963 | Italian |
| MARCEGAGLIA, Emma | Director | 2013-10-14 | Dec 1965 | Italian |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRINSELL, Nigel Christopher | Secretary | 2008-04-04 | 2018-08-31 |
| MARCEGAGLIA, Antonio | Secretary | 1992-07-02 | 2008-04-04 |
| CITY INITIATIVE LIMITED | Corporate Nominee Secretary | 1992-01-13 | 1993-01-13 |
| BALDI, Alberto | Director | 1992-01-16 | 1992-06-30 |
| MARCEGAGLIA, Steno | Director | 1992-08-10 | 2013-09-10 |
| C I NOMINEES LIMITED | Corporate Nominee Director | 1992-01-13 | 1992-01-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Marcegaglia Carbon Steel Spa | Corporate entity | Shares 75–100%, Voting 75–100% (as firm), Appoints directors, Significant influence (as firm) | 2016-04-06 | Active |
Filing timeline
Last 20 of 151 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-12-06 MA Memorandum articles
- 2021-12-06 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-26 | AA | accounts | Accounts with accounts type full | |
| 2025-01-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-17 | AA | accounts | Accounts with accounts type full | |
| 2024-04-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-13 | AA | accounts | Accounts with accounts type full | |
| 2023-01-24 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2023-01-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-11 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-03 | AA | accounts | Accounts with accounts type full | |
| 2022-05-18 | SH01 | capital | Capital allotment shares | |
| 2022-01-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-12-06 | MA | incorporation | Memorandum articles | |
| 2021-12-06 | RESOLUTIONS | resolution | Resolution | |
| 2021-12-01 | SH01 | capital | Capital allotment shares | |
| 2021-09-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-08-12 | AA | accounts | Accounts with accounts type full | |
| 2021-01-18 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.