STEPNELL LIMITED
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Cash
£3.2m
Latest balance sheet
Net assets
£19m
Equity attributable
Employees
324
Average over period
Profit before tax
£1m
Period ending 2024-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
1-year trend · vs Industrials median
Accounts
1-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | Δ vs prior |
|---|---|---|---|
| Turnover | £108,815,835 | — | |
| Operating profit | £1,126,732 | — | |
| Profit before tax | £1,039,395 | — | |
| Net profit | £936,698 | — | |
| Cash | £3,174,967 | — | |
| Total assets less current liabilities | £19,594,471 | — | |
| Net assets | £19,444,473 | — | |
| Equity | £19,444,473 | — | |
| Average employees | 324 | — | |
| Wages | £18,046,051 | — | |
| Directors' remuneration | £847,035 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 |
|---|---|---|
| Operating margin | 1.0% | |
| Net margin | 0.9% | |
| Return on capital employed | 5.8% | |
| Current ratio | 0.84x | |
| Interest cover | 12.15x |
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 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the working capital in place for the Company, potential related party funds and the arrangements in place for monitoring forecasts and budgets for current and recent contracts and having regard to the strength of the existing Balance Sheet, the Directors have concluded that the "Going concern" assumption is appropriate and the Company can continue to meet its liabilities as they fall due for the foreseeable future.”
Group structure
- STEPNELL LIMITED · parent
- George Law Limited 100%
- Step Energy Limited 100%
Significant events
- “The corporate shareholder demerger was concluded on 30th September 2025”
- “Post year end, we opened our seventh office in Exeter to build on the proven delivery models and reputations of both our Bristol and Southampton offices.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WAKEFORD, Thomas Bosworth | Secretary | 2012-09-03 | — | — |
| GREEN, John David | Director | 2021-09-08 | May 1964 | British |
| SEWELL, Thomas Michael | Director | 2022-09-07 | Feb 1977 | British |
| SPEIRS, Robert Charles | Director | 2017-04-01 | Mar 1976 | British |
| WAKEFORD, Thomas Bosworth | Director | 2012-05-02 | Sep 1977 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WAKEFORD, Peter Guy | Secretary | — | 2012-09-03 |
| BAILEY, Richard | Director | 2018-11-15 | 2020-03-16 |
| BARNES, Adrian Michael | Director | 2023-10-11 | 2025-03-24 |
| BRILL, David Clifford | Director | 2004-10-22 | 2017-03-31 |
| HAYNES, William George | Director | 2008-09-06 | 2019-06-27 |
| KIRBY, Douglas | Director | 1994-08-01 | 2003-07-31 |
| MIDDLETON, Derek Paul | Director | 2003-04-01 | 2015-04-01 |
| WAKEFORD, James Richard | Director | 2010-02-10 | 2022-08-31 |
| WAKEFORD, John Bosworth | Director | — | 1996-11-28 |
| WAKEFORD, Mark Robert | Director | 1999-01-11 | 2022-08-31 |
| WAKEFORD, Peter Guy | Director | — | 2025-09-30 |
| WAKEFORD, Robert James | Director | — | 2009-11-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Stepnell Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-09-30 | Active |
| Nyfield Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-09-26 | Ceased 2025-09-30 |
| Trajan Properties Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-09-25 | Ceased 2025-09-26 |
| Stepnell Holdings Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-08-31 | Ceased 2022-08-31 |
| Stepnell Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-30 | Ceased 2025-09-25 |
| Stepnell Holdings Limited | Corporate entity | Shares 75–100%, Shares 75–100% (as firm) | 2016-04-30 | Ceased 2022-08-31 |
Filing timeline
Last 20 of 165 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-26 RESOLUTIONS Resolution
- 2025-09-03 RESOLUTIONS Resolution
- 2025-09-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-30 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2026-07-11 | AA | accounts | Accounts with accounts type full | |
| 2026-06-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-29 | AA | accounts | Accounts with accounts type full | |
| 2025-10-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-02 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-01 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-26 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-25 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-25 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-24 | SH01 | capital | Capital allotment shares | |
| 2025-09-03 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-01 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-09-01 | SH20 | capital | Legacy | |
| 2025-09-01 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-01 | CAP-SS | insolvency | Legacy | |
| 2025-09-01 | MR05 | mortgage | Mortgage charge part release with charge number |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 3
- Officers appointed
- 0
- 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.