Steel Dynamics Ltd
Registered name: STEEL DYNAMICS LTD
Part of SDG Realisations Limited groupSteel Dynamics Ltd made £21.8m revenue and a £1.9m loss in the year to 31 Dec 2023. read from filing text
Steel Dynamics Ltd’s revenue fell 18% to £21.8m in the year to 31 Dec 2023, with a loss of £1.9m and 68 employees. The company is classified under “wholesale of metals and metal ores” and is based in Manchester; we hold 2 years of its filed accounts.
- Status
- Liquidation
- Location
- Manchester, North West
- Age
- 15 yrs · since 2011
- 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. From the filing: “The”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £26.6m | £21.8m |
| Cost of sales | £21.7m | £19.4m |
| Gross profit | £5m | £2.3m |
| Operating profit | £1.7m | −£1.6m |
| Profit before tax | £1.2m | −£2.2m |
| Profit after tax | £1.1m | −£1.9m |
| Profit (best available) | £1.1m | −£1.9m |
| Staff costs | £2.5m | £3m |
| Employees (average) | 54 | 68 |
| Ratios | ||
| Profit margin | 4% | −8.5% |
| Gross margin | 18.6% | 10.7% |
| Revenue per employee | £493k | £320k |
| Profit per employee | £19.5k | −£27.3k |
| Growth (year on year) | ||
| Revenue growth | — | ▼18.3% |
| Profit growth | — | ▼275.5% |
| Headcount growth | — | ▲25.9% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £136k | £70.4k |
| Net assets | £2.3m | £313k |
| Fixed assets | £3.3m | £5.2m |
| Current assets | £13.9m | £14m |
| Debtors | £6.1m | £5.8m |
| Deferred income | £148k | £50k |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 |
How the business works
- Profit margin
- −8.5%
- Profit ÷ revenue.
- Gross margin
- 10.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £320k
- Revenue ÷ average employees.
- Profit per employee
- −£27.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 23.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 26.5%
- Money owed by customers. Low = customers pay quickly.
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
- ▼86%
- Now £313k
- Cash at bank
- ▼48%
- Now £70.4k
- Headcount
- ▲26%
- Now 68
- Deferred income
- ▼66%
- Now £50k
- Fixed assets
- ▲56%
- Now £5.2m
Group structure
Ownership chain
- SDG Realisations Limitedultimate parent75–100%
- Steel Dynamics Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (4)
- Offshore Stainless Supplies Holdings LimitedActive - Proposal to Strike offRev. £0 · Profit £84.6k
- Steel Dynamics Deutschland LimitedActive - Proposal to Strike offFigures not disclosed
- Steel Dynamics France LimitedActive - Proposal to Strike offFigures not disclosed
- Steel Dynamics Nuclear LimitedActive - Proposal to Strike offFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£1.9m), from the Companies House accounts bulk data published Sep 2024. 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.