USP STEELS LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2026-11-02 (in 6mo)
Last made up 2025-10-19
Watchouts
None on the register
Cash
£71K
+37.9% vs 2024
Net assets
£12M
+8.4% vs 2024
Employees
82
+67.3% highest in 6 filed years
Profit before tax
£1M
+244.2% first positive since 2024
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | £36,006,956 | £95,740,378 | £114,883,371 | £115,766,350 | £96,542,206 | £99,161,265 | |
| Operating profit | £2,405,481 | £20,688,488 | £5,252,707 | £648,921 | £148,993 | £2,442,965 | |
| Profit before tax | £2,287,027 | £20,378,342 | £4,708,665 | -£472,236 | -£988,694 | £1,425,929 | |
| Net profit | £1,847,314 | £16,534,418 | £4,343,665 | -£400,633 | -£751,870 | £906,015 | |
| Cash | £513,884 | £107,551 | £90,974 | £51,614 | £51,641 | £71,211 | |
| Total assets less current liabilities | £2,844,522 | £12,046,289 | £12,069,954 | £11,746,972 | £10,775,102 | £21,447,120 | |
| Net assets | £2,799,522 | £11,883,940 | £11,927,605 | £11,526,972 | £10,775,102 | £11,681,117 | |
| Equity | £2,799,522 | £11,883,940 | £11,927,605 | £11,526,972 | £10,775,102 | £11,681,117 | |
| Average employees | 25 | 32 | 40 | 54 | 49 | 82 | |
| Wages | £729,020 | £1,928,879 | £1,704,795 | £1,041,741 | £1,661,542 | £3,097,095 | |
| Directors' remuneration | £124,167 | £507,869 | £585,564 | £327,431 | £483,003 | £424,106 |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31
-
Turnover
+2.7%
£96,542,206 £99,161,265
-
Cash
+37.9%
£51,641 £71,211
-
Net assets
+8.4%
£10,775,102 £11,681,117
-
Employees
+67.3%
49 82
highest in 6 filed years
-
Operating profit
+1,539.7%
£148,993 £2,442,965
-
Profit before tax
+244.2%
-£988,694 £1,425,929
first positive since 2024
-
Wages
+86.4%
£1,661,542 £3,097,095
highest in 6 filed years
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 6.7% | 21.6% | 4.6% | 0.6% | 0.2% | 2.5% | |
| Net margin | 5.1% | 17.3% | 3.8% | -0.3% | -0.8% | 0.9% | |
| Return on capital employed | 84.6% | 171.7% | 43.5% | 5.5% | 1.4% | 11.4% | |
| Current ratio | — | — | — | — | 1.24x | 1.14x | |
| Interest cover | 18.02x | 66.71x | 9.65x | 0.58x | 0.13x | 2.40x |
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
- USP STEELS LIMITED 2019-01-16 → present
- UNITED SHEET AND PLATE STEELS LIMITED 2016-10-20 → 2019-01-16
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Blackthorns
- 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
- “The acquisition of one business and the amalgamation of one other during 2025”
- “Expansion from 1 site? 3 operating sites”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARAKS, Ryan Matthew | Director | 2021-04-20 | Jan 1982 | British |
| COSTIGAN, Glyn Barrie | Director | 2016-10-20 | Jan 1977 | British |
| LOCKE, Jack Darin | Director | 2022-08-02 | Jun 1995 | British |
| WILKES, Gary Richard | Director | 2024-04-30 | Apr 1973 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HILL, Douglas Stuart | Director | 2022-08-02 | 2024-08-20 |
| TILTMAN, Kim | Director | 2016-10-20 | 2020-09-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Usps Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-01-31 | Active |
| Mr Glynn Barrie Costigan | Individual | Shares 75–100% | 2016-10-20 | Ceased 2019-01-31 |
| United Steels Limited | Corporate entity | Shares 75–100% | 2016-10-20 | Ceased 2019-01-31 |
Filing timeline
Last 20 of 43 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | AA | accounts | Accounts with accounts type full | |
| 2025-11-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-10-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-05-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-06-21 | CH01 | officers | Change person director company with change date | |
| 2022-12-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-10-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-19 | CH01 | officers | Change person director company with change date | |
| 2022-08-04 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-04 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-06 | AA | accounts | Accounts with accounts type full | |
| 2021-10-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-11 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.