PROJECT STEEL MIDCO 2 LIMITED Financials
- Company number
- 11727784CopyCopy
- Registered office
- 25 Victoria Street, London SW1H 0EX
- Incorporated
- 14/12/2018
Company snapshot
- Status
- Active
- Employees
- 4 (2024)
- Latest financial data
- 2024
- Accounts type
- Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-142.37%vs 20232023: £-396.73K
Total Assets
-1.65%vs 20232023: £16.96M
Cash in Bank
-0.43%vs 20232023: £22.40K
Total Liabilities
1.64%vs 20232023: £17.36M
Employees
0vs 20232023: 4
In 2024, PROJECT STEEL MIDCO 2 LIMITED reported net assets of £-961.53K. The same filing shows total assets of £16.68M, cash in bank of £22.31K and total liabilities of £17.64M. Reported headcount was 4 in 2024. Net Assets fell from £-396.73K in 2023 to £-961.53K in 2024 (-142.37%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-142.37%from £-396.73K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures PROJECT STEEL MIDCO 2 LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
Decreasedvs 2022Cash in Bank
-0.8%vs 2022-0.4% a year compound (CAGR)
Total Assets
-1.4%vs 2022-0.7% a year compound (CAGR)
Total Liabilities
+2.7%vs 2022+1.3% a year compound (CAGR)
Employees
0%vs 2022Biggest increase
Total Liabilities+2.7%
£17.18M in 2022 to £17.64M in 2024
Biggest decrease
Total Assets-1.4%
£16.92M in 2022 to £16.68M in 2024
PROJECT STEEL MIDCO 2 LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in total assets, pointing to a narrowing asset base. See the full year-by-year figures.
Ratios from the filed figures
Calculated from PROJECT STEEL MIDCO 2 LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- -5.76%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 105.76%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 0.13%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 0.13%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
- Revenue per employee
- £232.65K2024
- Reported turnover divided by the reported average number of employees, for the latest year both were filed. Shows how much revenue the business generates per employee.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for PROJECT STEEL MIDCO 2 LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | -337.81K | -267.30K | -396.73K | -961.53K |
| Total Assets£ | 16.85M | 16.92M | 16.96M | 16.68M |
| Cash in Bank£ | 22.59K | 22.49K | 22.40K | 22.31K |
| Total Liabilities£ | 17.19M | 17.18M | 17.36M | 17.64M |
| Employees | 4 | 4 | 4 | 4 |
PROJECT STEEL MIDCO 2 LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for PROJECT STEEL MIDCO 2 LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
PROJECT STEEL MIDCO 2 LIMITED reported net assets of £-961.53K for 2024. That compares with £-396.73K in 2023, a change of -142.37%.
PROJECT STEEL MIDCO 2 LIMITED reported total assets of £16.68M for 2024. That compares with £16.96M in 2023, a change of -1.65%.
PROJECT STEEL MIDCO 2 LIMITED reported cash in bank of £22.31K for 2024. That compares with £22.40K in 2023, a change of -0.43%.
PROJECT STEEL MIDCO 2 LIMITED reported 4 employees in 2024, compared with 4 in 2023.
Between 2022 and 2024, PROJECT STEEL MIDCO 2 LIMITED's cash in bank fell by 0.8%, total assets fell by 1.4%, total liabilities rose by 2.7% and employee numbers was unchanged. Cash in bank contracted at 0.4% a year across the two years to 2024, from £22.49K to £22.31K. Reported headcount went from 4 in 2022 to 4 in 2024.
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.