SIMS METAL MANAGEMENT FINANCE 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

  —

  Not reported

• Cash

  +13.1%

  £95,225,134 → £107,669,286

• Net assets

  -12.8%

  £2,532,044 → £2,206,824

• Employees

  —

  Not reported

• Operating profit

  +79.1%

  -£2,007,660 → -£418,831

• Profit before tax

  -121.2%

  £2,046,878 → -£433,627

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

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company's net asset position is £2,206,824 (2023: £2,532,044). The net asset position is almost entirely related to amounts owed by/to group undertakings. The director considers that the Company; with the support of the ultimate parent, is in a strong position to manage its risks even in the current economic climate. Sims Limited is the ultimate parent of Sims Metal Management Finance Limited and has provided a letter of support to the company. Sims Limited has provided a letter of support to Sims Group UK Holdings Limited, Sims Lifecycle Services Limited and Sims Metal Management Finance Limited in case of financial difficulties, and if necessary, will invest additional funds essential to ensure that the aforementioned entities will continue to operate as a going concern. The support extends for a period of at least 12 months from the date of signing of the financial statements. Accordingly, the directors have given consideration to the basis for which the financial statements should be prepared and has concluded that there is reasonable expectation that the company has access to the resources necessary to continue in operational existence for a minimum of 12 months from the date of the approval of these financial statements.”

Significant events

• “Loans/balances due from Sims Group UK Limited (now Unimetals Recycling (UK) Limited) were reassigned to Sims Group UK Holdings Limited on 30 September 2024, following the sale of Sims Group UK Limited.”

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

3

last 12 months

Officers resigned

2

last 12 months

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