In accordance with Section 409 of the Companies Act 2006, a full list of subsidiaries, joint ventures and associated undertakings, including their country of incorporation, as at 25 March 2023 is disclosed below. All of these had a reporting period ended 25 March 2023, except where indicated.
| Name of undertaking | Incorporated in | Class of capital |
| 100% owned by Severfield plc | | |
| Severfield (UK) Limited | England and Wales | Ordinary |
| Severfield (NI) Limited(i) | Northern Ireland | Ordinary |
| Severfield (Design & Build) Limited | England and Wales | Ordinary |
| Severfield (Products & Processing) Limited | England and Wales | Ordinary |
| Severfield Europe B.V.(ii) | Netherlands | Ordinary |
| Severfield (Nuclear & Infrastructure) Limited (formerly Harry Peers Steelwork Limited) | England and Wales | Ordinary |
| Severfield Reeve International Limited | England and Wales | Ordinary |
| Severfield Mauritius Limited(iii) | Mauritius | Ordinary |
| DAM Structures Limited | England and Wales | Ordinary |
| 100% owned by Severfield Reeve Projects Limited | | |
| Leeds 27 Limited** | England and Wales | Ordinary |
| 50% owned by Severfield plc | | |
| Construction Metal Forming Limited (formerly Composite Metal Flooring Limited)*(iv) | England and Wales | Ordinary |
| 50% owned by Severfield Mauritius Limited | | |
| JSW Severfield Structures Limited(v)† | India | Ordinary |
| 25% owned by Severfield plc | | |
| Fabsec Limited*(vi) | England and Wales | Ordinary |
*Companies with a reporting period ended 31 December 2022.
**Dormant company.
‡Unless otherwise stated, the registered office address for each of the above is Severs House, Dalton Airfield Industrial Estate, Dalton, Thirsk, North Yorkshire YO†7 3JN.
†Companies with a reporting period ended 31 March 2023.
Registered office classification key:
(i) Fisher House, Main Street, Ballinamallard, Enniskillen, Co Fermanagh BT94 2FY
(ii) Gildelaan 11 2e Verdiepin, 4761 BA Zevenbergen
(iii) Felix House, 24 Dr. Joseph Rivière Street, Port Louis, Mauritius
(iv) Millennium House, Severn Link Distribution Centre, Newhouse Farm Industrial Estate, Mathern, Chepstow NP16 6UN
(v) 401 Grande Palladium, 4th Floor, 175 CST Road, Kalina, Santacrus East, Mumbai, India, 400098
(vi) Unit 561 Avenue E East, Thorp Arch Estate, Wetherby LS23 7DB
| 2023
£000 | 2022
£000 |
| Investment in subsidiaries | 119,671 | 119,671 |
| Investment in joint ventures | 32,927 | 32,927 |
| 152,598 | 152,598 |
Investment in subsidiaries
| £000 |
| Cost | |
| At 28 March 2022 | 139,871 |
| At 25 March 2023 | 139,871 |
| | |
| Provision for impairment | |
| At 28 March 2022 and 25 March 2023 | (20,200) |
| | |
| Net book value | |
| At 25 March 2023 | 119,671 |
| At 26 March 2022 | 119,671 |
Investment in joint ventures
In 2008 a formal agreement was signed in India with JSW Building Systems Limited (a subsidiary of JSW Steel Limited of India) to form a 50/50 joint venture, JSW Severfield Structures Limited, to create a structural steelwork business in Bellary and Mumbai, India, serving primarily the Indian market.
JSW Severfield Structures Limited is registered in India. During a prior year, the Company invested a further £4,229,000 in the joint venture to fund the expansion of the production facility in Bellary. During a prior year, the Company invested £5,506,000 in JSSL to support the full repayment of the joint venture's term debt of c.£11,000,000 in June 2017. The investment is carried in Severfield Mauritius Limited, a wholly owned subsidiary of the Company.
The Company invested £2,444,000 in CMF Limited during a prior year to fund the expansion of its production facilities.