SHEFFIELD FORGEMASTERS STEEL LIMITED

PO BOX 286, BRIGHTSIDE LANE, SHEFFIELD, SOUTH YORKSHIRE, S9 2RW

Previous name: SHEFFIELD FORGEMASTERS ENGINEERING LIMITED (changed on 19-Sep-2005)

Company Number: 01919676
Incorporation date: 05-Jun-1985
Status: Active
Entity type: Private Limited Company

SIC codes:
24100 Manufacture of basic iron and steel and of ferro-alloys





SUMMARY

This company is 38.8 years old and is currently active. It is controlled by Sheffield Forgemasters International Limited. The company has negative equity (net assets) of GBP -20.5 million which has worsened since the previous year's figure of GBP -12.2 million. The latest reported revenue figure is GBP 12.4 million which is down -40% on the previous year. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -20.6 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 2 active officers (directors or partners) who are or were officers of 3 other companies. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 31-Dec-2024
Accounts Filed: FULL (31-Mar-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 12,407,000 -8,258,000 495,000
31-Dec-2018 GBP 20,915,000 -7,436,000 848,000
31-Dec-2017 GBP 21,914,000 -4,920,000 832,000 445,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 325,000 3,786,000 34,142,000 100,000 -20,617,000 -20,517,000
31-Dec-2018 GBP 556,000 7,994,000 16,757,000 14,007,000 100,000 -12,257,000 -12,157,000
31-Dec-2017 GBP 684,000 30,477,000 18,893,000 26,533,000 100,000 -3,973,000 -3,873,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Resigned Allan Geoffrey SKELTON 07 Aug 2018 28 Mar 2023 0 - 1
Resigned John Philip LOVELL 21 Jan 2003 06 Aug 2018 British 3 - 14
Resigned Raymond HADLEY 23 Feb 1999 21 Jan 2003 Chartered Accountant British 0 - 6
Resigned Colin Richard JONES 01 May 1998 12 Feb 1999 0 - 2
Resigned Philip Sidney BARRETT 30 Sep 1994 01 May 1998 0 - 7
Resigned Alan Beckett MOXON 30 Sep 1994 0 - 1

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Timothy Peter FRASER 01 Feb 2023 Chair Person British 3 - 00 (0.0%)
Resigned Paul Alexander CAHILL 02 Oct 2018 30 Apr 2021 Director British 1 - 62 (28.6%)
Active Gareth Keith BARKER 10 Sep 2018 Director British 3 - 10 (0.0%)
Resigned Stephen John HAMMELL 31 Aug 2018 30 Apr 2023 Director British 12 - 123 (12.5%)
Resigned John Philip LOVELL 22 Feb 2016 31 Aug 2018 Finance Director British 3 - 148 (47.1%)
Resigned Neil Anthony MASKREY 01 Aug 2011 31 May 2016 Director British 2 - 4217 (38.6%)
Resigned Mark Alexander TOMLINSON 30 Jun 2006 12 May 2014 Director British 4 - 10 (0.0%)
Resigned Stephen PRICE 09 Jan 2006 25 Apr 2018 Director British 0 - 53 (60.0%)
Resigned John Andrew Patrick SYKES 01 Oct 2005 31 Jul 2013 Director British 0 - 10 (0.0%)
Resigned John Clive BELL 12 Dec 2003 28 Apr 2005 Director British 0 - 127 (58.3%)
Resigned Nickolas Vaughan BURTOFT 01 Dec 2003 25 Jul 2005 Director British 0 - 20 (0.0%)
Resigned Leslie Malcolm COLLINS 01 Jul 2003 25 Jul 2005 Director British 0 - 41 (25.0%)
Resigned Martin, Dr KEARNEY 01 May 2003 25 Jul 2005 Director British 0 - 21 (50.0%)
Resigned Roger ELLIS 03 Mar 2003 31 Mar 2005 Director British 0 - 21 (50.0%)
Resigned Peter KENNY 24 Feb 2003 30 Apr 2011 Accountant British 0 - 73 (42.9%)
Resigned Roger Clive, Dr RICHARDSON 31 Jul 2002 25 Jul 2005 Director British 0 - 30 (0.0%)
Resigned Graham Aubrey, Dr HONEYMAN 10 May 2002 31 Jul 2018 Director British 1 - 147 (46.7%)
Resigned Hugh AIKEN 05 Nov 2001 27 Oct 2004 Director American 0 - 21 (50.0%)
Resigned Kevin T MCDERMED 05 Nov 2001 31 Jul 2002 Director American 0 - 53 (60.0%)
Resigned Raymond HADLEY 23 Feb 1999 21 Jan 2003 Chartered Accountant British 0 - 64 (66.7%)
Resigned Keith Barrie LOMAX 23 Feb 1999 31 Oct 2002 Director British 0 - 30 (0.0%)
Resigned Leslie Malcolm COLLINS 01 Dec 1998 01 May 2003 Director British 0 - 41 (25.0%)
Resigned Graham Aubrey, Dr HONEYMAN 01 Jul 1998 12 Feb 1999 Director British 1 - 147 (46.7%)
Resigned Geoffrey John, Obe MARSTON 01 Jul 1998 30 Sep 2002 Director British 3 - 32 (33.3%)
Resigned Anthony Michael WOOD 01 Jul 1998 29 Aug 2003 Director British 0 - 20 (0.0%)
Resigned Colin Richard JONES 01 May 1998 12 Feb 1999 Finance Director British 0 - 20 (0.0%)
Resigned Stepehn PRICE 01 Jul 1997 31 Oct 2000 Technical Director British 0 - 10 (0.0%)
Resigned Eric Marston LOWE 01 Aug 1996 01 Jul 1997 Technical Director British 0 - 31 (33.3%)
Resigned John Arthur PRITCHARD 01 Jun 1996 31 Mar 1997 Commercial Director British 0 - 10 (0.0%)
Resigned Peter Gautier Edwin FRETWELL 01 Jun 1995 30 Apr 1997 Sales Executive British 0 - 20 (0.0%)
Resigned John ALMOND 01 Jun 1995 30 Jul 1998 Sales Executive British 0 - 20 (0.0%)
Resigned Michael Frederick WIGNALL 03 Apr 1994 31 Dec 1994 Sales Director British 0 - 82 (25.0%)
Resigned Graham Aubrey, Dr HONEYMAN 18 Jan 1994 01 Aug 1996 Technical Director British 1 - 147 (46.7%)
Resigned Peter BIRTLES 18 Jan 1994 01 Mar 1999 Managing Director British 0 - 73 (42.9%)
Resigned Philip Sidney BARRETT 18 Jan 1994 05 Nov 2001 Finance Director British 0 - 74 (57.1%)
Resigned Malcolm Arthur BRAND 07 Apr 1998 Company Director British 0 - 85 (62.5%)
Resigned Phillip Montague WRIGHT 31 Dec 1997 Company Director British 0 - 2416 (66.7%)
Resigned David William HARRISON 29 Sep 1995 Commercial Director British 0 - 10 (0.0%)
Resigned David FLETCHER 05 Nov 2001 Company Director British 0 - 2313 (56.5%)
Resigned Peter Gautier Edwin FRETWELL 18 Jan 1994 Sales Director British 0 - 20 (0.0%)
Resigned John Haydn BERESFORD 10 Jan 1994 Company Director British 0 - 41 (25.0%)
Resigned Eric Marston LOWE 01 Feb 1994 Technical Director British 0 - 31 (33.3%)
Resigned Peter MARSH 31 Aug 1998 Production Director British 0 - 31 (33.3%)
Resigned Alan Beckett MOXON 30 Sep 1994 Finance Director British 0 - 10 (0.0%)
Number of active directors: 2
Average tenure of active directors: 3.4 years
Average tenure of resigned directors: 3.2 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
SHEFFIELD FORGEMASTERS STEEL LIMITED (01919676) - Active
SHEFFIELD FORGEMASTERS ENGINEERING LIMITED (04864216) - Active
SHEFFIELD FORGEMASTERS INTERNATIONAL LIMITED (04883675) - Active
SHEFFIELD FORGEMASTERS SHARE TRUSTEES LIMITED (06564862) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2015-08-312014-08-312013-08-312012-08-312011-08-31
SHEFFIELD FORGEMASTERS INTERNATIONAL LIMITEDORDINARY100,000
100%
100,000
100%
100,000
100%
100,000
100%
100,000
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

SHEFFIELD FORGEMASTERS STEEL LIMITED

no controlled companies

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 24100 Manufacture of basic iron and steel and of ferro-alloys)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
TATA STEEL UK LIMITED 18 GROSVENOR PLACE, LONDON, ENGLAND, SW1X 7HS 02280000 2018-03-31 2,403,000,000 1,384,000,000
BRITISH STEEL LIMITED 2 ST PETER'S SQUARE, MANCHESTER, ENGLAND, M2 3EY 09438207 2017-12-31 1,177,874,000 -19,075,000
STEEL & ALLOY PROCESSING LIMITED TRAFALGAR WORKS, UNION STREET, WEST BROMWICH, WEST MIDLANDS, B70 6BZ 00944053 2017-12-31 201,392,000 6,502,000
SHEFFIELD FORGEMASTERS INTERNATIONAL LIMITED PO BOX 286 BRIGHTSIDE LANE, SHEFFIELD, SOUTH YORKSHIRE, S9 2RW 04883675 2017-12-31 76,122,000 -16,430,000
ACENTA STEEL LIMITED SUITE 3 REGENCY HOUSE, 91 WESTERN ROAD, BRIGHTON, BN1 2NW 03725308 2017-12-31 68,406,000 2,602,000 24310-Cold drawing of bars
SHEFFIELD FORGEMASTERS ENGINEERING LIMITED PO BOX 286, BRIGHTSIDE LANE, SHEFFIELD, SOUTH YORKSHIRE, S9 2RW 04864216 2017-12-31 67,227,000 -12,918,000
USS LIMITED MILL LANE, MILL LANE, HALESOWEN, WEST MIDLANDS, ENGLAND, B63 3JP 04045212 2017-12-31 33,343,648 0
M.J. SECTIONS LIMITED UNIT 5 MARRIOTT ROAD INDUSTRIAL, ESTATE,, NETHERTON, WEST MIDLANDS, DY2 0JZ 01451657 2017-12-31 24,569,302 0
ABBEY FORGED PRODUCTS LIMITED BEELEY WOOD WORKS, BEELEY WOOD, LANE, SHEFFIELD, SOUTH YORKSHIRE, S6 1ND 01644542 2017-10-31 23,838,490 0
ROMANYS LIMITED 51 BREWER STREET, SOHO, LONDON, W1F 9UQ 06367402 2017-12-31 1,114,665 0
A & N ENGINEERING (BEDFORDSHIRE) LTD CROOKED OAK THE BRIDLE WAY, TODDINGTON, DUNSTABLE, BEDS, LU5 6HS 07351315 2017-08-31 671,256 0
ASPECT BESPOKE ENGINEERING LIMITED A3 BROOMSLEIGH BUSINESS PARK, WORSLEY BRIDGE ROAD, LONDON, SE26 5BN 07013596 2017-09-30 269,812 0
ACETASTIC LTD 15 REPTON DRIVE, COVENTRY, CV6 7LU 09231668 2017-09-30 40,002 0
GENERAL SYSTEMS INVESTMENTS LIMITED SUITE 308, 34 BUCKINGHAM PALACE ROAD, LONDON, ENGLAND, SW1W 0RH 05080351 2018-03-31 7,578 0
K&R PROFESSIONAL SERVICES LTD STAFFORDSHIRE KNOT, PINFOLD STREET, DARLASTON, WEST MIDLANDS, UNITED KINGDOM, WS10 8TE 09460794 2018-03-31 0 0
SEEDS & GRAINS INTERNATIONAL LIMITED 116 BROX ROAD, OTTERSHAW, SURREY, KT16 0LG 04991281 2017-12-31 0 0
SIMS FOUNDRY LIMITED LONG MARSTON, STRATFORD-UPON-AVON, WARWICKSHIRE, CV37 8AQ 07732913 2018-06-30 0 0
ACENTA STEEL GROUP LIMITED SUITE 3 REGENCY HOUSE, 91 WESTERN ROAD, BRIGHTON, BN1 2NW 07434765 0000-00-00 0 0
TATA STEEL UK HOLDINGS LIMITED C/O TENEO FINANCIAL ADVISORY LIMITED THE COLMORE BUILDING, 20 COLMORE CIRCUS QUEENSWAY, BIRMINGHAM, B4 6AT 05887351 0000-00-00 0 0
TULIP UK HOLDINGS (NO.2) LIMITED C/O TENEO FINANCIAL ADVISORY LIMITED, THE COLMORE BUILDING, BIRMINGHAM, B4 6AT 05934891 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
SHEFFIELD FORGEMASTERS STEEL LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.3% 1.3% 2.4% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.5% 1.8% 3.9% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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