sheers limited

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sheers limited Company Information

Share SHEERS LIMITED

Company Number

01347974

Shareholders

ross-shire engineering limited

Group Structure

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Industry

Electrical installation

 +2

Registered Address

unit g7, morton park way, darlington, county durham, DL1 4PQ

sheers limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of SHEERS LIMITED at £2.5m based on a Turnover of £5.5m and 0.45x industry multiple (adjusted for size and gross margin).

sheers limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of SHEERS LIMITED at £1.6m based on an EBITDA of £341k and a 4.73x industry multiple (adjusted for size and gross margin).

sheers limited Estimated Valuation

£2.8m

Pomanda estimates the enterprise value of SHEERS LIMITED at £2.8m based on Net Assets of £1.1m and 2.47x industry multiple (adjusted for liquidity).

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Sheers Limited Overview

Sheers Limited is a live company located in darlington, DL1 4PQ with a Companies House number of 01347974. It operates in the construction of water projects sector, SIC Code 42910. Founded in January 1978, it's largest shareholder is ross-shire engineering limited with a 100% stake. Sheers Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.5m with high growth in recent years.

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Sheers Limited Health Check

Pomanda's financial health check has awarded Sheers Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 1 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

4 Strong

positive_score

6 Regular

positive_score

1 Weak

size

Size

annual sales of £5.5m, make it in line with the average company (£6.7m)

£5.5m - Sheers Limited

£6.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (12.1%)

27% - Sheers Limited

12.1% - Industry AVG

production

Production

with a gross margin of 28.4%, this company has a comparable cost of product (24.9%)

28.4% - Sheers Limited

24.9% - Industry AVG

profitability

Profitability

an operating margin of 6.1% make it as profitable than the average company (5.7%)

6.1% - Sheers Limited

5.7% - Industry AVG

employees

Employees

with 36 employees, this is similar to the industry average (32)

36 - Sheers Limited

32 - Industry AVG

paystructure

Pay Structure

on an average salary of £49.2k, the company has an equivalent pay structure (£49.2k)

£49.2k - Sheers Limited

£49.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £151.6k, this is equally as efficient (£167.4k)

£151.6k - Sheers Limited

£167.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 31 days, this is earlier than average (56 days)

31 days - Sheers Limited

56 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 24 days, this is quicker than average (40 days)

24 days - Sheers Limited

40 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Sheers Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 97 weeks, this is more cash available to meet short term requirements (23 weeks)

97 weeks - Sheers Limited

23 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 38.2%, this is a lower level of debt than the average (58%)

38.2% - Sheers Limited

58% - Industry AVG

SHEERS LIMITED financials

EXPORTms excel logo

Sheers Limited's latest turnover from March 2024 is £5.5 million and the company has net assets of £1.1 million. According to their latest financial statements, Sheers Limited has 36 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Turnover5,458,0004,518,0003,471,0002,668,0001,521,0921,678,2781,930,4201,901,980950,0721,806,4451,153,6351,069,4661,018,364846,500898,560
Other Income Or Grants
Cost Of Sales3,907,0003,358,0002,461,0001,940,0001,310,2911,441,4121,642,2301,592,919787,2331,547,406982,715890,922864,483695,295735,309
Gross Profit1,551,0001,160,0001,010,000728,000210,801236,866288,190309,061162,838259,039170,921178,544153,881151,205163,251
Admin Expenses1,218,000914,000968,000752,803-130,457-30,550115,834185,086156,839353,900166,132147,726108,821146,180-40,128
Operating Profit333,000246,00042,000-24,803341,258267,416172,356123,9755,999-94,8614,78930,81845,0605,025203,379
Interest Payable2,0001,0001,000
Interest Receivable7693,5472,8611,161444265690929770819551
Pre-Tax Profit331,000245,00041,000-123,000342,027270,963175,217125,1366,444-94,5965,47931,74745,8305,844203,931
Tax-95,000-32,000-13,00099,000-64,985-51,483-33,291-23,776-1,289-1,260-7,619-11,916-1,636-57,101
Profit After Tax236,000213,00028,000-24,000277,042219,480141,926101,3605,155-94,5964,21924,12833,9144,208146,830
Dividends Paid
Retained Profit236,000213,00028,000-24,000277,042219,480141,926101,3605,155-94,5964,21924,12833,9144,208146,830
Employee Costs1,772,5041,606,6751,463,3021,434,2321,575,4911,617,2211,490,1221,203,365155,083264,146188,486182,574188,210175,537184,317
Number Of Employees36343233353736304755555
EBITDA*341,000274,00069,00023,108,197367,189275,376178,921130,06816,343-87,1819,82938,66653,14414,993214,934

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Tangible Assets20,00028,00049,00075,00083,98086,11214,9889,55312,21423,28614,25611,87413,63112,99622,056
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets20,00028,00049,00075,00083,98086,11214,9889,55312,21423,28614,25611,87413,63112,99622,056
Stock & work in progress231,000473,000350,186413,718282,559459,719256,000534,201400,181282,180238,720190,512164,869
Trade Debtors466,0001,575,000197,00047,47677,814329,5172,51295,264176,947125,570129,545120,314136,229105,183
Group Debtors3,000
Misc Debtors26,00025,00040,00024,00030,055146,935139,842129,453113,560
Cash1,297,000163,000601,000620,000985,577553,111392,652751,813177,098631105,457170,639200,982107,099220,518
misc current assets
total current assets1,789,0001,763,0001,072,0001,117,0001,413,2941,191,5781,144,5701,343,497641,922711,779631,208582,364560,016433,840490,570
total assets1,809,0001,791,0001,121,0001,192,0001,497,2741,277,6901,159,5581,353,050654,136735,065645,464594,238573,647446,836512,626
Bank overdraft
Bank loan
Trade Creditors 266,000537,000290,000244,000245,001249,840206,655762,399344,689600,402416,205369,198372,735279,838349,836
Group/Directors Accounts
other short term finances
hp & lease commitments1,0003,0002,000
other current liabilities425,000371,000159,000303,000372,647425,266569,799349,473169,629
total current liabilities691,000909,000452,000549,000617,648675,106776,4541,111,872514,318600,402416,205369,198372,735279,838349,836
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities3,000
provisions
total long term liabilities3,000
total liabilities691,000909,000452,000552,000617,648675,106776,4541,111,872514,318600,402416,205369,198372,735279,838349,836
net assets1,118,000882,000669,000640,000879,626602,584383,104241,178139,818134,663229,259225,040200,912166,998162,790
total shareholders funds1,118,000882,000669,000640,000879,626602,584383,104241,178139,818134,663229,259225,040200,912166,998162,790
Mar 2024Mar 2023Mar 2022Mar 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Operating Activities
Operating Profit333,000246,00042,000-24,803341,258267,416172,356123,9755,999-94,8614,78930,81845,0605,025203,379
Depreciation8,00028,00027,00023,133,00025,9317,9606,5656,09310,3447,6805,0407,8488,0849,96811,555
Amortisation
Tax-95,000-32,000-13,00099,000-64,985-51,483-33,291-23,776-1,289-1,260-7,619-11,916-1,636-57,101
Stock-231,000-242,000122,814-63,532131,159-177,160203,719-278,201134,020118,00143,46048,20825,643164,869
Debtors-1,108,0001,360,000216,000-53,531-147,218-244,610337,394-76,85931,87751,377-3,9759,231-15,91531,046105,183
Creditors-271,000247,00046,000-1,001-4,83943,185-555,744417,710-255,713184,19747,007-3,53792,897-69,998349,836
Accruals and Deferred Income54,000212,000-144,000-69,647-52,619-144,533220,326179,844169,629
Deferred Taxes & Provisions
Cash flow from operations1,137,000-428,000-16,00023,067,266455,496235,996-350,022576,986175,294-88,381-58,450-25,181101,832-113,330237,617
Investing Activities
capital expenditure-7,000-1,000-23,124,020-23,799-79,084-12,000-3,432728-16,710-7,422-6,091-8,719-908-33,611
Change in Investments
cash flow from investments-7,000-1,000-23,124,020-23,799-79,084-12,000-3,432728-16,710-7,422-6,091-8,719-908-33,611
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments-1,000-2,0001,0002,000
other long term liabilities-3,0003,000
share issue1,000-215,62615,960
interest-2,000-1,000-1,0007693,5472,8611,161444265690929770819551
cash flow from financing-3,000-3,000-2,000-210,6267693,5472,8611,16144426569092977081916,511
cash and cash equivalents
cash1,134,000-438,000-19,000-365,577432,466160,459-359,161574,715176,467-104,826-65,182-30,34393,883-113,419220,518
overdraft
change in cash1,134,000-438,000-19,000-365,577432,466160,459-359,161574,715176,467-104,826-65,182-30,34393,883-113,419220,518

sheers limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Sheers Limited Competitor Analysis

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Perform a competitor analysis for sheers limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in DL1 area or any other competitors across 12 key performance metrics.

sheers limited Ownership

SHEERS LIMITED group structure

Sheers Limited has no subsidiary companies.

Ultimate parent company

2 parents

SHEERS LIMITED

01347974

SHEERS LIMITED Shareholders

ross-shire engineering limited 100%

sheers limited directors

Sheers Limited currently has 3 directors. The longest serving directors include Mr Iain MacGregor (Mar 2021) and Mr Stuart Johnston (Mar 2021).

officercountryagestartendrole
Mr Iain MacGregorScotland43 years Mar 2021- Director
Mr Stuart Johnston58 years Mar 2021- Director
Mr Allan DallasUnited Kingdom63 years Mar 2021- Director

P&L

March 2024

turnover

5.5m

+21%

operating profit

333k

+35%

gross margin

28.5%

+10.68%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

1.1m

+0.27%

total assets

1.8m

+0.01%

cash

1.3m

+6.96%

net assets

Total assets minus all liabilities

sheers limited company details

company number

01347974

Type

Private limited with Share Capital

industry

42910 - Construction of water projects

43210 - Electrical installation

43290 - Other construction installation

incorporation date

January 1978

age

47

incorporated

UK

ultimate parent company

accounts

Audit Exemption Subsidiary

last accounts submitted

March 2024

previous names

w.j. mechanical services limited (December 1980)

accountant

-

auditor

-

address

unit g7, morton park way, darlington, county durham, DL1 4PQ

Bank

HSBC BANK PLC, HSBC BANK PLC

Legal Advisor

-

sheers limited Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 8 charges/mortgages relating to sheers limited. Currently there are 2 open charges and 6 have been satisfied in the past.

sheers limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

Click to start generating capital raising & share issue transactions for SHEERS LIMITED. This can take several minutes, an email will notify you when this has completed.

sheers limited Companies House Filings - See Documents

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