HI-TECH STEEL SERVICES LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -0.8%

  £28,978,937 → £28,758,938

• Cash

  -94.6%

  £908,950 → £49,479

  lowest in 3 filed years

• Net assets

  +0.9%

  £2,587,439 → £2,610,327

• Employees

  +12.5%

  32 → 36

• Operating profit

  -54.6%

  £1,001,331 → £454,766

• Profit before tax

  -141.7%

  £316,853 → -£132,119

  lowest in 3 filed years

• Wages

  +3.5%

  £1,273,489 → £1,317,475

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. HI-TECH STEEL SERVICES LIMITED 2013-12-18 → present
2. CIP TRADING LTD 2012-06-13 → 2013-12-18

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

JS. Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “During this financial year, our business reflected many of the sector's broader pressures. Turnover remained broadly consistent with the prior year £28.76m (2024: £28.98m), but gross profit declined as margins tightened. Cost of sales rose to £26.41m (2024: £25.91m) due to higher steel input prices, elevated logistics costs, and general inflationary pressures.”
• “Despite these headwinds, we successfully increased overall tonnage by 21% year on year, demonstrating resilience in market share and customer demand even as profitability was affected by the elevated cost base.”
• “The Directors and Management Team are conscious of the risks in today's global market and the fluctuations in both commodity prices and demands which affect the steel Industry.”
• “Looking ahead, we remain cautiously optimistic about the year to come. Despite continued volatility in steel pricing and operating costs across the sector, we anticipate further growth in tonnage as we advance our sales strategy and maintain a strong focus on meeting key performance indicators.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.