Marcegaglia (UK) Limited
The Company is engaged in the manufacture of Electric Resistance Welded (ERW) Steel Tube. The Company supplies both the distributor network and end user customers in the UK, Ireland, Europe and other Non-EU countries. In the last couple of years, the company has invested around £15m at the Oldbury site for further expansion to increase production capacity and continue to grow the business, not only for Carbon but also for Stainless Steel, as per the budget increasing year on year growth.
Revenue
£69.7m
▼ -14.0% vs prior ~12m period
Profit after tax
-£7.7m
Margin -9.9%
Employees
177
▼ -3.3% vs prior ~12m period
Net assets
£47.7m
Total assets £72.5m
Financial history
Revenue by accounting period
3 periods available · ▲ growth ▼ decline
| Period end | Revenue | Growth | Profit before tax | Employees | Net assets |
|---|---|---|---|---|---|
| 31 Dec 2024 | £69.7m | ▼ -14.0% | -£7.7m | 177 | £47.7m |
| 31 Dec 2023 | £81.1m | — | -£4.2m | 183 | £55.3m |
| 1 Jan 2023 | — | — | — | — | £58.9m |
Latest available figures
Period ending 31 Dec 2024. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.
Profit & loss
- Revenue
- £69.7m
- Gross profit
- £3.2m
- Operating profit
- -£6.9m
- Profit before tax
- -£7.7m
- Profit after tax
- -£7.7m
Balance sheet
- Total assets
- £72.5m
- Cash
- £991k
- Total liabilities
- £24.8m
- Net assets
- £47.7m
- Revenue per employee
- £394k
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