# MG STEELS LIMITED (02465924)

> MG STEELS LIMITED is an active private limited company (company number 02465924) incorporated on 1 February 1990, registered in Halesowen. Its registered activity is non-specialised wholesale trade (SIC 46900). Latest micro accounts cover the period ending 31 March 2025, showing net assets of £26k, with 2 employees on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets fell 70% on the prior period (£87k).

- Status: Active
- Incorporated: 1990-02-01
- Registered office: Halesowen, B63 2RE
- SIC 46900: Non-specialised wholesale trade
- Next accounts due: 2026-12-31
- Confirmation statement due: 2027-02-15
- Accounts type: MICRO ENTITY

By net assets it sits in the upper half of 959 comparable companies in Birmingham (median £3,266, upper quartile £78k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-03-31 | £26k | — | — | — | — | — | 2 |
| 2024-03-31 | £87k | — | — | — | — | — | 2 |

size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £25,943 at 31 March 2025
- Net assets down 25% or more on the prior period: -70.3% vs prior period
- Incorporated five or more years ago: Incorporated 1 February 1990

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr John Kenneth Gwinnell — owns 25–50% of shares, since 2017-01-17

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/02465924
HTML: https://firmoscan.com/company/02465924-mg-steels-limited