Project Steel Midco 2 Limited
The principal activity of the Company is that of a holding company within the Group (Project Steel Topco Limited & its subsidiaries), owning 88% of Project Steel Bidco Limited. The principal activity of the trading subsidiary ("Utility Bidder") is to provide small and medium-sized enterprises ("SMEs") with comparison, switching and intermediary services for utilities and other services. Utility Bidder Limited is one of the leading providers and over the period has continued to grow successfully with more customers using the services. Turnover predominantly represents amounts recharged to other group entities and expenses salary costs.
Revenue
£931k
▲ +4.2% vs prior ~12m period
Profit after tax
-£565k
Margin -60.7%
Employees
4
– 0.0% vs prior ~12m period
Net assets
-£962k
Total assets £16.7m
Financial history
Revenue by accounting period
6 periods available · ▲ growth ▼ decline
| Period end | Revenue | Growth | Profit before tax | Employees | Net assets |
|---|---|---|---|---|---|
| 31 Dec 2024 | £931k | ▲ +4.2% | -£565k | 4 | -£962k |
| 31 Dec 2023 | £893k | ▲ +15.5% | -£129k | 4 | -£397k |
| 31 Dec 2022 | £774k | ▼ -2.4% | £70k | 4 | -£267k |
| 31 Dec 2021 | £793k | ▲ +2.3% | £64k | 4 | -£338k |
| 1 Jan 2021 | £775k | — | -£86k | 4 | -£402k |
| 1 Jan 2020 | — | — | — | — | -£315k |
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
- £931k
- Gross profit
- £931k
- Operating profit
- -£565k
- Profit before tax
- -£565k
- Profit after tax
- -£565k
Balance sheet
- Total assets
- £16.7m
- Cash
- £22k
- Total liabilities
- £17.6m
- Net assets
- -£962k
- Revenue per employee
- £233k
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