Majority-owned by chairman Ralph Oppenheimer and his family, this business trades steel and provides marketing, finance and logistics services to the steel industry. Although tumbling steel prices have hit profit margins, Stemcor’s turnover still rose 48% to £6,289m in 2008. Acquisitions continue play a part in the company’s growth, and in the past year it has added steel stockholding operations in Britain, France, Spain and Australia.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
ActivitySteel trader
LocationCentral London
Sales £m6,289
Profit £m105
Year endDec 08
Principal shareholdersRalph Oppenheimer and family (71%), management and staff (29%)

If applicable:

* Supplied by company † Annualised figure