sheers limited
sheers limited Company Information
Company Number
01347974
Next Accounts
Dec 2025
Shareholders
ross-shire engineering limited
Group Structure
View All
Industry
Electrical installation
+2Registered Address
unit g7, morton park way, darlington, county durham, DL1 4PQ
Website
www.sheers.co.uksheers limited Estimated Valuation
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
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
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
4 Strong
6 Regular
1 Weak
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
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
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
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
with 36 employees, this is similar to the industry average (32)
36 - Sheers Limited
32 - Industry AVG
Pay Structure
on an average salary of £49.2k, the company has an equivalent pay structure (£49.2k)
- Sheers Limited
£49.2k - Industry AVG
Efficiency
resulting in sales per employee of £151.6k, this is equally as efficient (£167.4k)
£151.6k - Sheers Limited
£167.4k - Industry AVG
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
Creditor Days
its suppliers are paid after 24 days, this is quicker than average (40 days)
24 days - Sheers Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Sheers Limited
- - Industry AVG
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
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
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 House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,458,000 | 4,518,000 | 3,471,000 | 2,668,000 | |||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 3,907,000 | 3,358,000 | 2,461,000 | 1,940,000 | |||||||||||
| Gross Profit | 1,551,000 | 1,160,000 | 1,010,000 | 728,000 | |||||||||||
| Admin Expenses | 1,218,000 | 914,000 | 968,000 | ||||||||||||
| Operating Profit | 333,000 | 246,000 | 42,000 | ||||||||||||
| Interest Payable | 2,000 | 1,000 | 1,000 | ||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 331,000 | 245,000 | 41,000 | -123,000 | |||||||||||
| Tax | -95,000 | -32,000 | -13,000 | 99,000 | |||||||||||
| Profit After Tax | 236,000 | 213,000 | 28,000 | -24,000 | |||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | 236,000 | 213,000 | 28,000 | -24,000 | |||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 36 | 34 | 32 | 33 | 35 | 37 | 36 | 30 | |||||||
| EBITDA* | 341,000 | 274,000 | 69,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 20,000 | 28,000 | 49,000 | 75,000 | 83,980 | 86,112 | 14,988 | 9,553 | 12,214 | 23,286 | 14,256 | 11,874 | 13,631 | 12,996 | 22,056 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 20,000 | 28,000 | 49,000 | 75,000 | 83,980 | 86,112 | 14,988 | 9,553 | 12,214 | 23,286 | 14,256 | 11,874 | 13,631 | 12,996 | 22,056 |
| Stock & work in progress | 231,000 | 473,000 | 350,186 | 413,718 | 282,559 | 459,719 | 256,000 | 534,201 | 400,181 | 282,180 | 238,720 | 190,512 | 164,869 | ||
| Trade Debtors | 466,000 | 1,575,000 | 197,000 | 47,476 | 77,814 | 329,517 | 2,512 | 95,264 | 176,947 | 125,570 | 129,545 | 120,314 | 136,229 | 105,183 | |
| Group Debtors | 3,000 | ||||||||||||||
| Misc Debtors | 26,000 | 25,000 | 40,000 | 24,000 | 30,055 | 146,935 | 139,842 | 129,453 | 113,560 | ||||||
| Cash | 1,297,000 | 163,000 | 601,000 | 620,000 | 985,577 | 553,111 | 392,652 | 751,813 | 177,098 | 631 | 105,457 | 170,639 | 200,982 | 107,099 | 220,518 |
| misc current assets | |||||||||||||||
| total current assets | 1,789,000 | 1,763,000 | 1,072,000 | 1,117,000 | 1,413,294 | 1,191,578 | 1,144,570 | 1,343,497 | 641,922 | 711,779 | 631,208 | 582,364 | 560,016 | 433,840 | 490,570 |
| total assets | 1,809,000 | 1,791,000 | 1,121,000 | 1,192,000 | 1,497,274 | 1,277,690 | 1,159,558 | 1,353,050 | 654,136 | 735,065 | 645,464 | 594,238 | 573,647 | 446,836 | 512,626 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 266,000 | 537,000 | 290,000 | 244,000 | 245,001 | 249,840 | 206,655 | 762,399 | 344,689 | 600,402 | 416,205 | 369,198 | 372,735 | 279,838 | 349,836 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 1,000 | 3,000 | 2,000 | ||||||||||||
| other current liabilities | 425,000 | 371,000 | 159,000 | 303,000 | 372,647 | 425,266 | 569,799 | 349,473 | 169,629 | ||||||
| total current liabilities | 691,000 | 909,000 | 452,000 | 549,000 | 617,648 | 675,106 | 776,454 | 1,111,872 | 514,318 | 600,402 | 416,205 | 369,198 | 372,735 | 279,838 | 349,836 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 3,000 | ||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 3,000 | ||||||||||||||
| total liabilities | 691,000 | 909,000 | 452,000 | 552,000 | 617,648 | 675,106 | 776,454 | 1,111,872 | 514,318 | 600,402 | 416,205 | 369,198 | 372,735 | 279,838 | 349,836 |
| net assets | 1,118,000 | 882,000 | 669,000 | 640,000 | 879,626 | 602,584 | 383,104 | 241,178 | 139,818 | 134,663 | 229,259 | 225,040 | 200,912 | 166,998 | 162,790 |
| total shareholders funds | 1,118,000 | 882,000 | 669,000 | 640,000 | 879,626 | 602,584 | 383,104 | 241,178 | 139,818 | 134,663 | 229,259 | 225,040 | 200,912 | 166,998 | 162,790 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 333,000 | 246,000 | 42,000 | ||||||||||||
| Depreciation | 8,000 | 28,000 | 27,000 | 23,133,000 | 25,931 | 7,960 | 6,565 | 6,093 | 10,344 | 7,680 | 5,040 | 7,848 | 8,084 | 9,968 | 11,555 |
| Amortisation | |||||||||||||||
| Tax | -95,000 | -32,000 | -13,000 | 99,000 | |||||||||||
| Stock | -231,000 | -242,000 | 122,814 | -63,532 | 131,159 | -177,160 | 203,719 | -278,201 | 134,020 | 118,001 | 43,460 | 48,208 | 25,643 | 164,869 | |
| Debtors | -1,108,000 | 1,360,000 | 216,000 | -53,531 | -147,218 | -244,610 | 337,394 | -76,859 | 31,877 | 51,377 | -3,975 | 9,231 | -15,915 | 31,046 | 105,183 |
| Creditors | -271,000 | 247,000 | 46,000 | -1,001 | -4,839 | 43,185 | -555,744 | 417,710 | -255,713 | 184,197 | 47,007 | -3,537 | 92,897 | -69,998 | 349,836 |
| Accruals and Deferred Income | 54,000 | 212,000 | -144,000 | -69,647 | -52,619 | -144,533 | 220,326 | 179,844 | 169,629 | ||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 1,137,000 | -428,000 | -16,000 | ||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | -1,000 | -2,000 | 1,000 | 2,000 | |||||||||||
| other long term liabilities | -3,000 | 3,000 | |||||||||||||
| share issue | |||||||||||||||
| interest | -2,000 | -1,000 | -1,000 | ||||||||||||
| cash flow from financing | -3,000 | -3,000 | -2,000 | -210,626 | |||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 1,134,000 | -438,000 | -19,000 | -365,577 | 432,466 | 160,459 | -359,161 | 574,715 | 176,467 | -104,826 | -65,182 | -30,343 | 93,883 | -113,419 | 220,518 |
| overdraft | |||||||||||||||
| change in cash | 1,134,000 | -438,000 | -19,000 | -365,577 | 432,466 | 160,459 | -359,161 | 574,715 | 176,467 | -104,826 | -65,182 | -30,343 | 93,883 | -113,419 | 220,518 |
sheers limited Credit Report and Business Information
Sheers Limited Competitor Analysis
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 directors
Sheers Limited currently has 3 directors. The longest serving directors include Mr Iain MacGregor (Mar 2021) and Mr Stuart Johnston (Mar 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Iain MacGregor | Scotland | 43 years | Mar 2021 | - | Director |
| Mr Stuart Johnston | 58 years | Mar 2021 | - | Director | |
| Mr Allan Dallas | United Kingdom | 63 years | Mar 2021 | - | Director |
P&L
March 2024turnover
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 2024net 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
| date | description | view/download |
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