UNITED STEELS LIMITED
Company number 02517863 · Monitor this company
Executive summary
United Steels Limited has ceased trading following the transfer of its business to USP Steels Limited in March 2025, and now exists only as a dormant shell with £350K net assets and no future trading expectations. Historically, the business exhibited chronic financial strain: declining revenues (down 24.7% from peak), eroding equity (down 48.7% over six years), extreme leverage (liabilities exceeded equity by 5:1 at times), and dangerously thin cash reserves. The continuing group business must address these underlying structural weaknesses — particularly leverage and cash management — to avoid repeating the same deteriorating condition under a new corporate entity.
Shareholders' funds
£350,000
Balance sheet as at 2025-12-31
What it does
The principal activities of the company in the year under review were those of steel stockists, service centre and steel processing, until 31 March 2025 at which point the trade and assets were transferred to USP Steels Limited, a fellow group company.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 1990-07-03
- Employees
- 47 (2025 accounts · was 58 in 2024)
- Registered office
- Unit 81 Gibbons Industrial Park, Dudley Road, Kingswinford, West Midlands, England, DY6 8XF
- Postcode
- DY6 8XF
- Capital
- 89,010 GBP
- Accounts category
- Medium
- Charges
- 10 outstanding
Accounts
- Last made up to
- 2025-12-31
- Next due by
- 2027-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-06-30
- Next due by
- 2027-07-14
Nature of business (SIC)
- 46720 Wholesale of metals and metal ores
Officers 2 current · 29 resigned
Group structure
Controlled by USP STEELS LIMITED — since 2025-03-31
Controlled by GCD 2024 LIMITED — since 2016-04-06
From persons-with-significant-control filings on the public register.
Contact details
- Website
- unitedsteels.com
- Phone
- 01384401166, 01384408337, 01384271144
United in a Commitment to Excellence
Previous company names
| Name | Date changed |
|---|---|
| UNITED STEELS AND SECTIONS LIMITED | 2003-09-15 |
| BCD STEELS LIMITED | 1995-12-22 |
| UNITED STEELS & SECTIONS LIMITED | 1993-01-01 |
| SPANCREST LIMITED | 1991-01-09 |
Previous registered addresses 3
| Address | Changed on |
|---|---|
| GIBBONS INDUSTRIAL PARK DUDLEY ROAD, KINGSWINFORD, WEST MIDLANDS, DY6 8XF | 2016-02-04 |
| 61 FAIRVIEW AVENUE, WIGMORE, GILLINGHAM, KENT ME8 0QP | 1991-01-07 |
| 61 FAIRVIEW AVENUE, WIGMORE, GILLINGHAM, KENT ME8 0QP | 1991-01-07 |
Among its peers
Among the biggest employers
of 28 similar companies in DY, with 47 staff. Among the oldest 25% of its local peers.
No.20 of the largest wholesale of metals and metal ores companies in Dudley →
Competitors Dudley
This company ranks 20 among wholesale of metals and metal ores in Dudley.
The class of 1990
50%
of the 20,399 companies incorporated in 1990 are still active today; 45% have since been dissolved.
A fact about the year, not a forecast for this company.
Property in England & Wales 1 title
- Leasehold
- 1
- Most recent registration
- 2024-08-21
- Where
- West Midlands
| Title number | County | Tenure | Registered | Price paid |
|---|---|---|---|---|
| MM199662 | West Midlands | Leasehold | 2024-08-21 | — |
For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).
Information produced by HM Land Registry. © Crown copyright 2026. Dataset as at 2026-08.