Is Island Steel (UK) Limited in administration?
Last verified 11 July 2026
Yes, Island Steel (UK) Limited (company number 02987985) entered administration on 24 February 2024. Tom Straw of RSM UK Restructuring Advisory LLP was appointed as administrator.
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Island Steel (UK) Limited is now under the control of an administrator. Below are the key dates, the directors, the public-record timeline that led here, and what the administration means if you are a creditor, employee, customer or supplier.
Company at a glance
| Status | In Administration |
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| Company number | 02987985 |
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| Incorporated | 8 November 1994 (32 years old) |
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| Registered office | C/O Rsm Uk Restructuring Advisory Llp, 25 Farringdon Street, London, EC4A 4AB |
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| Nature of business (SIC) | 46720: Wholesale of metals and metal ores (Retail) |
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| Date entered administration | 24 February 2024 |
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| Administrator | Tom Straw, RSM UK Restructuring Advisory LLP (licensed insolvency practitioner) |
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| Official notice | View the official notice ↗ |
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| Public register | View filing history ↗ |
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About the business
Island Steel (UK) Limited is a retail business based in London, incorporated in 1994 and 30 years old when the administrator was appointed. Its registered activity is wholesale of metals and metal ores (SIC 46720). There have been 5 director appointments since incorporation, of which 2 were on the board when the administrator was appointed, alongside 2 people with significant control. 17 charges have been registered against the company, 2 of which are still outstanding.
Statement of Affairs
No Statement of Affairs is on record for this company. The 75-day filing window has passed without a Statement of Affairs being filed.
Directors
5 people have been appointed as directors of Island Steel (UK) Limited.
DirectorStatusAppointedResigned
A director resignation shortly before an insolvency is a matter of public record; it does not by itself imply wrongdoing.
Persons with significant control
Individuals or entities with significant influence or control.
Tocs Holdings Ltd
corporate entity person with significant control
Ownership of shares 75-100%Voting rights 75-100%Right to appoint and remove directors
Mr Alexander James Roberts
individual person with significant control · British · United Kingdom
Significant influence or control
Charges register
Secured creditors and encumbrances against the company. 2 outstanding · 15 satisfied.
Status · Creditor · Type · Dates
OutstandingWhite Oak UK No.6 Limited and White Oak UK No.5 Limited
A registered charge · Created 27 Oct 2023 · Pending
OutstandingTogether Commercial Finance Limited
A registered charge · Created 5 Oct 2023 · Pending
SatisfiedLeumi Abl Limited
A registered charge · Created 12 Aug 2021 · Satisfied 17 Oct 2023
SatisfiedLloyds Tsb Commercial Finance LTD
A registered charge · Created 28 Jun 2013 · Satisfied 25 Sep 2021
SatisfiedBank of Ireland (UK) PLC
Mortgage debenture · Created 21 Mar 2013 · Satisfied 6 Aug 2021
+11 earlier charges · 1999 to 2007
SatisfiedBarclays Bank PLC
Legal charge · Created 10 Apr 2007 · Satisfied 19 Oct 2023
SatisfiedEnterprise Finance Europe (UK) Limited
Mortgage debenture · Created 28 Dec 2005 · Satisfied 9 Apr 2013
SatisfiedBarclays Bank PLC
Debenture · Created 29 Jun 2005 · Satisfied 19 Oct 2023
SatisfiedThe Governor and Company of the Bank of Scotland
Chattels mortgage · Created 11 Oct 2002 · Satisfied 12 Oct 2006
SatisfiedThe Governor and Company of the Bank of Scotland
Legal charge · Created 7 Nov 2001 · Satisfied 12 Oct 2006
SatisfiedThe Governor and Company of the Bank of Scotland
Mortgage · Created 7 Nov 2001 · Satisfied 12 Oct 2006
SatisfiedThe Governor and Company of the Bank of Scotland
Debenture · Created 7 Nov 2001 · Satisfied 12 Oct 2006
SatisfiedBank of Wales PLC
Chattels mortgage · Created 27 Apr 2000 · Satisfied 12 Oct 2006
SatisfiedBank of Wales PLC
Legal mortgage · Created 3 Jun 1999 · Satisfied 12 Oct 2006
SatisfiedBank of Wales PLC
Chattel mortgage · Created 3 Jun 1999 · Satisfied 12 Oct 2006
SatisfiedBank of Wales PLC
Debenture · Created 3 Jun 1999 · Satisfied 12 Oct 2006
SatisfiedBny International Limited
Fixed equitable charge on all factored debts and other debts, a floating charge on the proceeds of other debts and a floating charge on all of the undertaking, property rights and assets · Created 3 Jul 1998 · Satisfied 12 Oct 2006
What happened
EventDateType
Administrator's progress report17 March 2026AM10 Notice of extension of period of Administration26 January 2026AM19
Administrator's progress report15 September 2025AM10 Administrator's progress report18 March 2025AM10 Notice of extension of period of Administration11 February 2025AM19
+119 earlier events · 1994 to 2024
Administrator's progress report18 September 2024AM10 Notice of deemed approval of proposals18 March 2024AM06
Statement of administrator's proposal29 February 2024AM03 Registered office address changed24 February 2024AD01 Appointment of an administrator24 February 2024AM01 Memorandum and Articles of Association27 January 2024MA Confirmation statement made with updates13 December 2023CS01 Registration of charge , created1 November 2023MR01 Statement of company's objects23 October 2023CC04
Satisfaction of charge in full19 October 2023MR04 Satisfaction of charge in full19 October 2023MR04 Notification as a person with significant control18 October 2023PSC02 Satisfaction of charge in full17 October 2023MR04 Termination of appointment as a director12 October 2023TM01 Registration of charge , created10 October 2023MR01 Full accounts made up9 November 2022AA Confirmation statement made with no updates8 November 2022CS01 Confirmation statement made with no updates14 December 2021CS01 Satisfaction of charge in full25 September 2021MR04 Full accounts made up5 September 2021AA Registration of charge , created13 August 2021MR01 Satisfaction of charge in full6 August 2021MR04 Full accounts made up29 June 2021AA Confirmation statement made with no updates20 November 2020CS01 Previous accounting period extended10 August 2020AA01 Termination of appointment as a secretary21 January 2020TM02 Confirmation statement made with no updates21 January 2020CS01 Appointment as a secretary21 January 2020AP03 Full accounts made up9 October 2019AA Confirmation statement made with no updates10 December 2018CS01 Full accounts made up21 September 2018AA Confirmation statement made with no updates14 November 2017CS01 Full accounts made up19 April 2017AA Confirmation statement made with updates27 December 2016CS01 Full accounts made up9 December 2016AA Annual return made up with full list of shareholders3 December 2015AR01 Director's details changed3 December 2015CH01 Secretary's details changed3 December 2015CH03 Full accounts made up12 October 2015AA Annual return made up with full list of shareholders19 December 2014AR01 Full accounts made up8 October 2014AA Annual return made up with full list of shareholders11 December 2013AR01 Full accounts made up7 October 2013AA Registration of charge3 July 2013MR01 Satisfaction of charge in full9 April 2013MR04 Annual return made up with full list of shareholders22 December 2012AR01 Director's details changed20 December 2012CH01 Full accounts made up5 October 2012AA Annual return made up with full list of shareholders7 December 2011AR01 Full accounts made up5 October 2011AA Annual return made up with full list of shareholders10 December 2010AR01 Full accounts made up3 December 2010AA Full accounts made up18 November 2009AA Annual return made up with full list of shareholders17 November 2009AR01 Director's details changed17 November 2009CH01 Director's details changed17 November 2009CH01 Legacy11 November 2008363a Full accounts made up19 September 2008AA Full accounts made up17 January 2008AA Legacy23 November 2007363s Legacy16 November 2006363s Full accounts made up5 November 2006AA Legacy12 October 2006403a Legacy12 October 2006403a Legacy12 October 2006403a Legacy12 October 2006403a Legacy12 October 2006403a Legacy12 October 2006403a Legacy12 October 2006403a Legacy12 October 2006403a Legacy12 October 2006403a Full accounts made up17 January 2006AA Legacy29 December 2005395 Legacy10 November 2005363s Legacy15 November 2004363s Full accounts made up4 October 2004AA Legacy13 November 2003363s Full accounts made up24 October 2003AA Legacy5 February 2003363s Full accounts made up15 October 2002AA Legacy14 November 2001363s Full accounts made up28 March 2001AA Full accounts made up28 March 2001AA Legacy10 November 2000363s Legacy22 November 1999363s Full accounts made up2 November 1999AA Legacy2 December 1998363s Full accounts made up21 October 1998AA Legacy9 December 1997363s Full accounts made up29 September 1997AA Legacy19 December 1996363s Full accounts made up10 September 1996AA Legacy17 July 1995224
Memorandum and Articles of Association2 May 1995MEM/ARTS
Certificate of change of name22 February 1995CERTNM A selection of documents registered before 1 January 19951 January 1995PRE95
Legacy10 November 1994288 Incorporation8 November 1994NEWINC What this means for you
If you are a creditor
Contact the administrator (RSM UK Restructuring Advisory LLP) to register your claim. You cannot start or continue legal action against the company without the court's or administrator's permission. Unsecured creditors are typically paid last.
A creditor's checklist →If you are an employee
Employees are preferential creditors for certain unpaid wages and holiday pay, and may be able to claim from the Redundancy Payments Service if roles are made redundant.
Employee rights and redundancy pay →If you are a customer
Orders, deposits and warranties may be affected. Deposits paid are usually unsecured claims. Contact the administrator about outstanding work or refunds.
What customers can recover →If you are a supplier
Goods supplied before the appointment are an unsecured claim. Check whether any retention-of-title clause applies to goods you can identify and recover.
How retention of title works →Don't be the last to know next time
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See how Protect works, £24/mo →Other retail companies in administration
Related guides
The bigger picture
Frequently asked questions
- Is Island Steel (UK) Limited in administration?
- Yes. Island Steel (UK) Limited (company number 02987985) entered administration on 24 February 2024. Tom Straw of RSM UK Restructuring Advisory LLP was appointed as administrator.
- Who is the administrator of Island Steel (UK) Limited?
- Tom Straw, a licensed insolvency practitioner at RSM UK Restructuring Advisory LLP, was appointed administrator of Island Steel (UK) Limited on 24 February 2024. Creditors can contact the administrator directly to submit a claim.
- What does Island Steel (UK) Limited do?
- Island Steel (UK) Limited's registered nature of business is wholesale of metals and metal ores (SIC 46720). It is classified in the retail sector.
- Where is Island Steel (UK) Limited based?
- Island Steel (UK) Limited's registered office is C/O Rsm Uk Restructuring Advisory Llp, 25 Farringdon Street, London, EC4A 4AB. The registered office is the address held on the public register, which is not always the trading address.
- When was Island Steel (UK) Limited founded?
- Island Steel (UK) Limited was incorporated on 8 November 1994, 30 years before the administrator was appointed.
- What is Island Steel (UK) Limited's company number?
- Island Steel (UK) Limited's registered company number is 02987985.
- Who has significant control of Island Steel (UK) Limited?
- 2 active people with significant control over Island Steel (UK) Limited are on the register: Tocs Holdings Ltd, Mr Alexander James Roberts.
- Does Island Steel (UK) Limited have any outstanding charges?
- 2 outstanding charges are registered against Island Steel (UK) Limited out of 17 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
- Are jobs at Island Steel (UK) Limited at risk?
- When a company enters administration the administrator decides whether to continue trading, sell the business as a going concern, or wind it down. Employees can contact the administrator (RSM UK Restructuring Advisory LLP) for any update on their role, and may be able to claim from the Redundancy Payments Service if their job is made redundant.
- What does administration mean for creditors of Island Steel (UK) Limited?
- Administration is a formal insolvency process that gives a company protection from creditors while an administrator tries to rescue it or achieve a better result than liquidation. Creditors cannot start or continue legal action without permission. Unsecured creditors are usually paid last, often only a portion of what they are owed, if anything.
- When did Island Steel (UK) Limited go into administration?
- Island Steel (UK) Limited went into administration on 24 February 2024.
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