Usp Steels Limited
Registered name: USP STEELS LIMITED
Part of Usps Group Limited groupUsp Steels Limited made £99.2m revenue and £906k profit in the year to 31 Dec 2025.
Usp Steels Limited’s revenue grew 3% to £99.2m in the year to 31 Dec 2025, with £906k profit and 82 employees. The company is classified under “cold rolling of narrow strip” and is based in Dudley; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Dudley, West Midlands
- Age
- 9 yrs · since 2016
- 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.
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 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £115m | £116m | £96.5m | £99.2m |
| Cost of sales | £108m | £113m | £93.8m | £91.4m |
| Gross profit | £7.3m | £2.8m | £2.8m | £7.7m |
| Operating profit | £5.3m | £649k | £149k | £2.4m |
| Profit before tax | £4.7m | −£472k | −£989k | £1.4m |
| Profit after tax | £4.3m | −£401k | −£752k | £906k |
| Profit (best available) | £4.3m | −£401k | −£752k | £906k |
| Staff costs | £1.9m | £1.2m | £1.9m | £3.5m |
| Employees (average) | 40 | 54 | 49 | 82 |
| Ratios | ||||
| Profit margin | 3.8% | −0.4% | −0.8% | 0.9% |
| Gross margin | 6.3% | 2.4% | 2.9% | 7.8% |
| Revenue per employee | £2.9m | £2.1m | £2m | £1.2m |
| Profit per employee | £109k | −£7.4k | −£15.3k | £11k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲0.8% | ▼16.6% | ▲2.7% |
| Profit growth | — | ▼109.2% | — | — |
| Headcount growth | — | ▲35% | ▼9.3% | ▲67.3% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £91k | £51.6k | £51.6k | £71.2k |
| Net assets | £11.9m | £11.5m | £10.8m | £11.7m |
| Fixed assets | £1.3m | £1.2m | £1m | £15m |
| Current assets | £59.5m | £64.5m | £49.8m | £54.3m |
| Debtors | £26.1m | £25.1m | £20m | £26.4m |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data May 2026 |
How the business works
- Profit margin
- 0.9%
- Profit ÷ revenue.
- Gross margin
- 7.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £1.2m
- Revenue ÷ average employees.
- Profit per employee
- £11k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 15.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 26.6%
- 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
- ▲8%
- Now £11.7m
- Cash at bank
- ▲38%
- Now £71.2k
- Headcount
- ▲67%
- Now 82
- Deferred income
- —
- Now —
- Fixed assets
- ▲1398%
- Now £15m
Group structure
Ownership chain
- Usps Group Limitedultimate parent75–100%
- Usp Steels Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- United Steels LimitedRev. £2m · Profit £5.2m
Sister companies (1)
- Unico NXT Gen LimitedRev. £0 · Profit −£18k
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £906k), from the Companies House accounts bulk data published May 2026. 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.