NUSTEEL HOLDINGS LIMITED
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Cash
£938k
-42.2% lowest in 3 filed years
Net assets
£4.3m
+7.4% vs 2024
Employees
89
+2.3% vs 2024
Profit before tax
£66k
-93.3% lowest in 3 filed years
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
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-10-31
| Metric | Trend | 2023-10-31 | 2024-10-31 | 2025-10-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £12,576,946 | £12,738,892 | £13,211,954 | +3.7% | |
| Operating profit | £119,727 | £375,686 | £39,261 | -89.5% | |
| Profit before tax | £185,930 | £986,519 | £66,045 | -93.3% | |
| Net profit | £146,987 | £701,625 | £293,790 | -58.1% | |
| Cash | £4,366,856 | £1,623,282 | £938,491 | -42.2% | |
| Total assets less current liabilities | £10,020,830 | £4,120,828 | £4,372,106 | +6.1% | |
| Net assets | £9,784,829 | £3,986,454 | £4,280,244 | +7.4% | |
| Equity | £9,784,829 | £3,986,454 | £4,280,244 | +7.4% | |
| Average employees | 89 | 87 | 89 | +2.3% | |
| Wages | £3,854,002 | £4,101,133 | £4,037,156 | -1.6% | |
| Directors' remuneration | £231,800 | £198,589 | £171,674 | -13.6% |
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 —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-10-31 | 2024-10-31 | 2025-10-31 |
|---|---|---|---|---|
| Operating margin | 1.0% | 2.9% | 0.3% | |
| Net margin | 1.2% | 5.5% | 2.2% | |
| Return on capital employed | 1.2% | 9.1% | 0.9% | |
| Current ratio | 2.10x | 1.53x | 2.03x | |
| Interest cover | 2.49x | 7.63x | — |
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.
Name history
Renamed 2 times since incorporation
- NUSTEEL HOLDINGS LIMITED 1990-10-31 → present
- NUSTEEL STRUCTURES LIMITED 1984-10-29 → 1990-10-31
- SOUTH COAST WELDERS LIMITED 1954-10-27 → 1984-10-29
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Kreston Reeves Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having made in depth enquiries with regards to the above, the directors consider it appropriate that the Group has adequate resources and forward workload to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- NUSTEEL HOLDINGS LIMITED · parent
- Nusteel Structures Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARRISON, David Geoffrey | Secretary | 2025-02-28 | — | — |
| BENSON, Ian Charles Kevin | Director | — | Jan 1950 | British |
| HARRISON, David Geoffrey | Director | 2024-10-29 | Oct 1981 | British |
| KELLEHER, Kevin Gerald | Director | 2024-10-29 | Sep 1967 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENSON, Ian Charles Kevin | Secretary | — | 2025-02-28 |
| BENSON, Marguerita Wilhelmina | Director | 1998-03-31 | 2005-09-09 |
| BENSON, Marguerita Wilhelmina | Director | — | 1998-03-31 |
| BENSON, Peter Hugh | Director | — | 2003-03-14 |
| BENSON, Robert Hugh | Director | — | 2019-01-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nusteel Group Eot Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-29 | Active |
| Mr Ian Charles Kevin Benson | Individual | Significant influence | 2016-04-06 | Ceased 2024-10-29 |
Filing timeline
Last 20 of 129 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-11-07 MA Memorandum articles
- 2024-11-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-28 | AA | accounts | Accounts with accounts type group | |
| 2026-03-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-16 | AA | accounts | Accounts with accounts type group | |
| 2025-06-26 | AR01 | annual-return | Annual return company with made up date full list shareholders | |
| 2025-06-26 | CH01 | officers | Change person director company with change date | |
| 2025-05-09 | RP04AR01 | annual-return | Second filing of annual return with made up date | |
| 2025-03-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-02-28 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-02-17 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-02-17 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-02-17 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-02-17 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-02-17 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2024-11-07 | MA | incorporation | Memorandum articles | |
| 2024-11-07 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-30 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-30 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.