MARCEGAGLIA (UK) LIMITED
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Cash
£1.1m
+12.7% vs 2024
Net assets
£42m
-12.8% lowest in 3 filed years
Employees
186
+5.1% highest in 3 filed years
Profit before tax
-£6.1m
+20.5% vs 2024
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 | £81,069,919 | £69,748,819 | £80,267,529 | +15.1% | |
| Operating profit | -£4,333,225 | -£6,916,704 | -£5,399,383 | +21.9% | |
| Profit before tax | -£4,239,679 | -£7,666,108 | -£6,090,804 | +20.5% | |
| Net profit | -£3,530,906 | -£7,666,108 | -£6,090,804 | +20.5% | |
| Cash | £18,094,800 | £991,426 | £1,117,166 | +12.7% | |
| Total assets less current liabilities | £55,336,448 | £47,670,340 | £41,579,536 | -12.8% | |
| Net assets | £55,336,448 | £47,670,340 | £41,579,536 | -12.8% | |
| Equity | £55,336,448 | £47,670,340 | £41,579,536 | -12.8% | |
| Average employees | 183 | 177 | 186 | +5.1% | |
| Wages | £6,630,697 | £6,895,248 | £7,795,629 | +13.1% | |
| Directors' remuneration | £118,000 | £111,358 | £111,521 | +0.1% | |
| Directors' pension contributions | £11,800 | £11,000 | £11,000 | 0% |
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 | -5.3% | -9.9% | -6.7% | |
| Net margin | -4.4% | -11.0% | -7.6% | |
| Return on capital employed | -7.8% | -14.5% | -13.0% | |
| Gearing (liabilities / total assets) | 34.0% | 34.2% | 44.2% | |
| Current ratio | 2.09x | 1.84x | 1.48x | |
| Interest cover | -13.36x | -8.54x | -7.53x |
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
“Consequently, the directors have a reasonable expectation that the Company has adequate resources (within the Marcegaglia Group and the continued support of its parent company) to continue in operational existence for the foreseeable future, and that there are no material uncertainties”
Significant events
- “During the year, Marcegaglia (UK) Limited identified an error in the classification of bank loans due to a breach of covenants in the mortgage with HSBC... reclassified to due within less than 1 year. As a result, creditors due within 1 year increased by £4,357,497 for 2024.”
- “Marcegaglia (UK) Limited has received covenant waiver letters from HSBC confirming they will not require termination of the term loan by reason of approval to waive the financial covenant breaches for the years ended 31 December 2025 and 2024.”
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 152 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 | |
|---|---|---|---|---|
| 2026-09-27 | AA | accounts | Accounts with accounts type full | |
| 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 |
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.