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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 undertakingIncorporated inClass of capital
100% owned by Severfield plc
Severfield (UK) LimitedEngland and WalesOrdinary
Severfield (NI) Limited(i)Northern IrelandOrdinary
Severfield (Design & Build) LimitedEngland and WalesOrdinary
Severfield (Products & Processing) LimitedEngland and WalesOrdinary
Severfield Europe B.V.(ii)NetherlandsOrdinary
Severfield (Nuclear & Infrastructure) Limited (formerly Harry Peers Steelwork Limited)England and WalesOrdinary
Severfield Reeve International LimitedEngland and WalesOrdinary
Severfield Mauritius Limited(iii)MauritiusOrdinary
DAM Structures LimitedEngland and WalesOrdinary
100% owned by Severfield Reeve Projects Limited
Leeds 27 Limited**England and WalesOrdinary
50% owned by Severfield plc
Construction Metal Forming Limited (formerly Composite Metal Flooring Limited)*(iv)England and WalesOrdinary
50% owned by Severfield Mauritius Limited
JSW Severfield Structures Limited(v)†IndiaOrdinary
25% owned by Severfield plc
Fabsec Limited*(vi)England and WalesOrdinary

*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 subsidiaries119,671119,671
Investment in joint ventures32,92732,927
152,598152,598

Investment in subsidiaries

£000
Cost
At 28 March 2022139,871
At 25 March 2023139,871
 
Provision for impairment
At 28 March 2022 and 25 March 2023(20,200)
 
Net book value
At 25 March 2023119,671
At 26 March 2022119,671

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.