MERIDIAN STEEL LIMITED
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Next accounts due
2027-06-30 (in 1y)
Last filed for 2025-09-30
Confirmation statement due
2027-04-18 (in 11mo)
Last made up 2026-04-04
Watchouts
Cash
£2M
-29.6% vs 2024
Net assets
£7M
-2.1% vs 2024
Employees
101
+3.1% vs 2024
Profit before tax
-£718K
-238.7% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · latest reflected 2025-09-30
| Metric | Trend | 2024-09-30 | 2025-09-30 |
|---|---|---|---|
| Turnover | £99,404,000 | £84,868,000 | |
| Operating profit | £2,612,000 | £842,000 | |
| Profit before tax | -£212,000 | -£718,000 | |
| Net profit | -£856,000 | -£155,000 | |
| Cash | £3,372,000 | £2,375,000 | |
| Total assets less current liabilities | £10,125,000 | £9,280,000 | |
| Net assets | £7,538,000 | £7,383,000 | |
| Equity | £7,538,000 | £7,383,000 | |
| Average employees | 98 | 101 | |
| Wages | £4,219,000 | £4,119,000 | |
| Directors' remuneration | £455,000 | £300,000 |
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 2025-09-30 vs 2024-09-30
-
Turnover
-14.6%
£99,404,000 £84,868,000
-
Cash
-29.6%
£3,372,000 £2,375,000
-
Net assets
-2.1%
£7,538,000 £7,383,000
-
Employees
+3.1%
98 101
-
Operating profit
-67.8%
£2,612,000 £842,000
-
Profit before tax
-238.7%
-£212,000 -£718,000
-
Wages
-2.4%
£4,219,000 £4,119,000
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 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|
| Operating margin | 2.6% | 1.0% | |
| Net margin | -0.9% | -0.2% | |
| Return on capital employed | 25.8% | 9.1% | |
| Current ratio | 1.06x | 1.05x | |
| Interest cover | 0.91x | 0.53x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Dains Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At 30 September 2025, the Company has net current assets of £2,084,000 and net assets of £7,383,000. The directors have also received confirmation from the Company's parent undertaking that they will provide the funding necessary to the Company to meet Its liabilities for a period of at least 12 months from the signing of these financial statements. Accordingly, the directors consider that it is appropriate to prepare the financial statements on a going concern basis.”
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 |
|---|---|---|---|---|
| DE MORGAN, Christian Guy, Mr. | Director | 2019-05-02 | Mar 1974 | British |
| MAY, James Charles | Director | 2026-01-14 | Sep 1970 | British |
| PRYOR, Martin Thomas | Director | 2019-04-05 | Dec 1952 | British |
| TAVECCHIO, Marina | Director | 2019-05-02 | Apr 1972 | Italian |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CRESSWELL, Antony | Director | 2019-05-02 | 2024-11-30 |
| MICHELINI, Federico Francesco | Director | 2019-05-02 | 2026-01-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ms Sabina Croce | Individual | Significant influence | 2025-04-01 | Active |
| Mr Bruno Bolfo | Individual | Significant influence | 2019-04-05 | Ceased 2025-04-01 |
| State-Owned Assets Supervisions & Administration Commission Of The People's Government Of Hebei Province - China | Legal person | Voting 75–100% | 2019-04-05 | Active |
Filing timeline
Last 20 of 36 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-30 | AA | accounts | Accounts with accounts type full | |
| 2026-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-15 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-01 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-04-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-03-13 | AA | accounts | Accounts with accounts type full | |
| 2024-12-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-22 | AA | accounts | Accounts with accounts type full | |
| 2024-04-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-12 | PSC06 | persons-with-significant-control | Change to a person with significant control | |
| 2023-04-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-20 | AA | accounts | Accounts with accounts type full | |
| 2022-05-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-17 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- 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.