How much does Steelstrip Services Limited make?

Steelstrip Services Limited reported revenue of £10.3m and £178k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Steelstrip Services Limited have?

Steelstrip Services Limited reported an average of 88 employees in the year to 31 Mar 2025.

Is Steelstrip Services Limited profitable?

Yes — Steelstrip Services Limited reported a profit of £178k in the year to 31 Mar 2025.

Company No. 04797346 · Incorporated 12 Jun 2003

Steelstrip Services Limited

Registered name: STEELSTRIP SERVICES LIMITED

Part of Steelstrip Holdings Limited group

Steelstrip Services Limited made £10.3m revenue and £178k profit in the year to 31 Mar 2025.

Steelstrip Services Limited’s revenue fell 25% to £10.3m in the year to 31 Mar 2025, with £178k profit and 88 employees. The company is classified under “treatment and coating of metals” and is based in Dudley; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 25610Treatment and coating of metals

Status: Active
Location: Dudley, West Midlands
Age: 23 yrs · since 2003
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Mar 2025

Key figures

Revenue

£10.3m

Growth ▼25.1%

Profit

£178k

Growth ▼73.8%

Profit margin

1.7%

Gross 35.6%

Employees

Change ▼9.3%

Profit / employee

£2k

Revenue/employee £117k

Profitable streak

4yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£24.8m	£20.1m	£13.7m	£10.3m
Cost of sales	£19.8m	£14.6m	£9.4m	£6.6m
Gross profit	£5m	£5.5m	£4.3m	£3.7m
Operating profit	£1.3m	£1.9m	£861k	£182k
Profit before tax	£1.2m	£1.9m	£852k	£188k
Profit after tax	£1m	£1.6m	£679k	£178k
Profit (best available)	£1m	£1.6m	£679k	£178k
Staff costs	£3.7m	£3.8m	£3.4m	£3.2m
Employees (average)	92	97	97	88
Ratios
Profit margin	4.2%	7.9%	5%	1.7%
Gross margin	20.1%	27.4%	31.2%	35.6%
Revenue per employee	£270k	£207k	£141k	£117k
Profit per employee	£11.2k	£16.3k	£7k	£2k
Growth (year on year)
Revenue growth	—	▼19.2%	▼31.8%	▼25.1%
Profit growth	—	▲53.2%	▼57.2%	▼73.8%
Headcount growth	—	▲5.4%	0%	▼9.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£715k	£6.9k	£32.7k	£1.3k
Net assets	£4.1m	£4.5m	£4.6m	£4.3m
Fixed assets	£1.7m	£2m	£2.1m	£2m
Current assets	£11.8m	£9.5m	£7.9m	£6.8m
Debtors	£5.7m	£4.7m	£3.3m	£2.3m
Deferred income	£2.7m	£804k	£1.6m	£1.6m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 1.7%; Profit ÷ revenue.
Gross margin: 35.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £117k; Revenue ÷ average employees.
Profit per employee: £2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 19.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 15.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 22.1%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼7%; Now £4.3m
Cash at bank: ▼96%; Now £1.3k
Headcount: ▼9%; Now 88
Deferred income: ▼2%; Now £1.6m
Fixed assets: ▼8%; Now £2m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Steelstrip Holdings Limitedultimate parent75–100%
Servosteel (Holdings) Ltd75–100%
Steelstrip Services Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (2)

Servosteel Investments LimitedFigures not disclosed
Servosteel LtdFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £178k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.