BLUESTEEL ENGINEERING LTD
Company number NI608598 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
1. Industry Classification
Bluesteel Engineering Ltd is a private limited company registered in Northern Ireland. Although the extract does not show a SIC code, the company name, asset profile and accounting policies point to the metal fabrication and engineering sub-sector, most likely SIC 25110 – Manufacture of metal structures and parts of structures or a related engineering activity such as machining or fabrication. These businesses typically design, fabricate and sometimes install steel components for construction, agricultural, quarrying, or general industrial customers.
Key characteristics of this sector include project-based revenue, competitive tendering, exposure to steel and energy input costs, reliance on skilled welders and fabricators, and working capital swings linked to contract progress. Many companies in this space are small, owner-managed and serve regional markets, which fits Bluesteel’s profile.
2. Relative Performance
Bluesteel files under the small companies regime and is exempt from audit. Its balance sheet is conservative and unusually liquid for an engineering SME:
- Current ratio: 3.78 (2024: 3.45), compared with a typical engineering SME benchmark of around 1.5–2.0.
- Quick ratio: approximately 3.65, so even excluding inventories, short-term obligations are very well covered.
- Net assets: £754,523, representing 78% of total assets.
- Cash at bank: £626,910, around 65% of total assets.
- Debt: no bank loans or long-term borrowings are presented; liabilities are mainly trade payables and short-term creditors, plus a £15,363 deferred tax provision.
This is a very low-risk,