BARRETT STEEL LIMITED
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Cash
£23m
-13.1% vs 2024
Net assets
£121m
+0.2% vs 2024
Employees
1,107
-7.7% vs 2024
Profit before tax
£2m
-20.4% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £460,217,000 | £421,840,000 | -8.3% | |
| Operating profit | £5,306,000 | £4,772,000 | -10.1% | |
| Profit before tax | £2,525,000 | £2,010,000 | -20.4% | |
| Net profit | £1,590,000 | £1,235,000 | -22.3% | |
| Cash | £26,012,000 | £22,610,000 | -13.1% | |
| Total assets less current liabilities | £154,061,000 | £153,505,000 | -0.4% | |
| Net assets | £120,726,000 | £120,989,000 | +0.2% | |
| Equity | £120,726,000 | £120,989,000 | +0.2% | |
| Average employees | 1,199 | 1,107 | -7.7% | |
| Wages | £50,528,000 | £47,002,000 | -7% | |
| Directors' remuneration | £2,120,000 | £1,803,000 | -15% |
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 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|
| Operating margin | 1.2% | 1.1% | |
| Net margin | 0.3% | 0.3% | |
| Return on capital employed | 3.4% | 3.1% | |
| Gearing (liabilities / total assets) | 59.0% | 55.4% | |
| Current ratio | 1.50x | 1.57x | |
| Interest cover | 1.91x | 1.73x |
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
- BARRETT STEEL LIMITED 1992-11-13 → present
- SIMCO 507 LIMITED 1992-10-14 → 1992-11-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have prepared base case forecasts extending for a period of 18 months from the end of the current financial period, which include cash flow forecasts, profit and loss accounts, and balance sheets. The base case forecasts suggest continued profitability and sufficient cash availability. The Directors have applied stress testing to these base case forecasts by applying volume and margin reductions. These sensitised forecasts indicate that the Group and Company will continue to be profitable and have adequate cash availability. The Group's core UK facilities provided by HSBC UK Bank Plc, were renewed for a 5 year period in March 2024. The facilities include a £25m Rolling Credit Facility and asset-based facilities of £70m. These facilities are secured until March 2029. The Group's base and sensitised forecasts demonstrate that the Group is able to operate within these facilities. Consequently, the Directors are confident that the Group and Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”
Group structure
- BARRETT STEEL LIMITED · parent
- A H Allen Steelstock Limited 100%
- Advanced Steel Services Limited 100%
- AH Allen Steel Services Limited 100%
- Barrett Central Distribution Limited 100%
- Barrett Central Processing Limited 100%
- Barrett Constructional Steel Limited 100%
- Barrett Engineering Steel Bolton Limited 100%
- Barrett Engineering Steel Ireland Limited 100%
- Barrett Engineering Steel Midlands Limited 100%
- Barrett Engineering Steel Newport Limited 100%
- Barrett Engineering Steel North East Limited 100%
- Barrett Engineering Steel North Limited 100%
- Barrett Engineering Steel North West Limited 100%
- Barrett Engineering Steel Rugby Limited 100%
- Barrett Engineering Steel South Limited 100%
- Barrett Engineering Steel South West Limited 100%
- Barrett Engineering Steel Trading Limited 100%
- Barrett Engineering Steel Willenhall Limited 100%
- Barrett National Steel Services Limited 100%
- Barrett Nickel Alloys Limited 100%
- Barrett Offsite Steel Solutions Limited 100%
- Barrett Precision Tubes Limited 100%
- Barrett Steel (Scotland) Limited 100%
- Barrett Steel (Scotland) North Limited 100%
- Barrett Steel Balustrade and Walkways Limited 100%
- Barrett Steel Dartford Limited 100%
- Barrett Steel Energy Products Limited 100%
- Barrett Steel Ireland Limited 100%
- Barrett Steel North East Limited 100%
- Barrett Steel Offshore Limited 100%
- Barrett Steel Scunthorpe Limited 100%
- Barrett Steel Services Limited 100%
- Barrett Steel Shoreham Limited 100%
- Barrett Steel South West Limited 100%
- Barrett Steel Stainless Limited 100%
- Barrett Steel Trading Limited 100%
- Barrett Steel Tubes Ireland Limited 100%
- Barrett Steel Tubes Limited 100%
- Barrett Strip & Alloys Limited 100%
- BCD Tubes Limited 100%
- C Roberts Steel Services Limited 100%
- Central Steel Services Limited 100%
- CMT Steel Services Limited 100%
- Consett Steel Services Limited 100%
- Dragon Steel Services Limited 100%
- Fastec Handrail Systems Limited 100%
- Goodman Steel Services Limited 100%
- Kass (Steel Stockholders) Limited 100%
- Lasertube Limited 100%
- Lilleshall Steel Services Limited 100%
- Mattersons Limited 100%
- Newark Steel Limited 100%
- Omega Steel Limited 100%
- Parson & Crossland Limited 100%
- Steel Products Direct Limited 100%
- Struthers & Carter Limited 100%
- Tubes (UK) Limited 100%
- Yarmouth Steel Services Limited 100%
Significant events
- “On 1 October 2025, the Group entered into an agreement to acquire Duggan Steel (Irl) Limited, a steel stockholding business operating in the Republic of Ireland across two locations. The acquisition was completed subsequent to the reporting date and is considered a non-adjusting event under FRS 102 Section 32. The transaction is expected to enhance the entity's strategic position in the Republic of Ireland, and is complementary to the Group's existing depot network which is based across the United Kingdom and Northern Ireland. The transaction will be accounted for in the next financial period. The consideration paid was £11,988,000, funded through internal cash reserves and existing debt facilities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TYLDSLEY, Marcus | Secretary | 2018-10-02 | — | — |
| BARRETT, Guy Nathaniel | Director | 2020-05-12 | May 1991 | British |
| BARRETT, Richard Braithwaite | Director | 1992-11-10 | Mar 1957 | British |
| BARRETT, Thomas James Lonergan | Director | 2020-05-12 | Jan 1983 | British |
| LAWSON, Ian Michael | Director | 2026-02-19 | Sep 1957 | British |
| TYLDSLEY, Marcus | Director | 2018-10-02 | Mar 1980 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHASNEY, Paul Charles | Secretary | 1992-11-10 | 2013-10-01 |
| WARCUP, Andrew | Secretary | 2013-10-01 | 2018-10-02 |
| SIMCO COMPANY SERVICES LIMITED | Corporate Nominee Secretary | 1992-10-14 | 1992-11-10 |
| BARRETT, James Stephenson | Director | 1992-11-10 | 2023-01-24 |
| BUTCHER, Roy | Director | 1993-05-14 | 2016-11-30 |
| CHASNEY, Paul Charles | Director | 1992-11-10 | 2013-10-01 |
| MARTIN, David George | Director | 1992-11-19 | 1996-10-09 |
| PRETTEJOHN, Nicholas Edward Tucker | Director | 1992-11-19 | 1994-02-10 |
| SHERLING, Clive Richard | Director | 1994-02-10 | 1996-10-09 |
| WARCUP, Andrew | Director | 2013-01-01 | 2025-12-31 |
| SIMCO DIRECTOR A LIMITED | Corporate Nominee Director | 1992-10-14 | 1992-11-10 |
| SIMCO DIRECTOR B LIMITED | Corporate Nominee Director | 1992-10-14 | 1992-11-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Francine Barrett | Individual | Shares 25–50% | 2023-12-08 | Ceased 2024-09-19 |
| Mr Richard Braithwaite Barrett | Individual | Shares 25–50% | 2016-04-06 | Ceased 2025-09-03 |
| James Stephenson Barrett | Individual | Shares 25–50% | 2016-04-06 | Ceased 2023-12-08 |
Filing timeline
Last 20 of 300 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-25 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-10 | SH06 | capital | Capital cancellation shares | |
| 2026-02-10 | SH03 | capital | Capital return purchase own shares | |
| 2026-01-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-05 | AA | accounts | Accounts with accounts type group | |
| 2025-11-28 | SH03 | capital | Capital return purchase own shares | |
| 2025-11-27 | SH06 | capital | Capital cancellation shares | |
| 2025-10-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-10 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-09-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-02-19 | SH06 | capital | Capital cancellation shares | |
| 2025-02-19 | SH03 | capital | Capital return purchase own shares | |
| 2025-02-11 | SH06 | capital | Capital cancellation shares | |
| 2024-12-27 | AA | accounts | Accounts with accounts type group | |
| 2024-11-18 | SH06 | capital | Capital cancellation shares | |
| 2024-11-18 | SH03 | capital | Capital return purchase own shares | |
| 2024-10-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 9
- Officers appointed
- 1
- 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.