Squires Gear And Engineering Limited

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squires gear and engineering limited Company Information

Live

MatureSmallHealthy

Company Number

01953264

Next Accounts

Feb 2026

Industry

Manufacture of bearings, gears, gearing and driving elements

Directors

Douglas Squires

Timothy Squires

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Shareholders

timothy john squires

douglas john squires

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Group Structure

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Contact

Registered Address

98 swan lane, coventry, CV2 4GB

Website

www.squires-gear.co.uk

squires gear and engineering limited Estimated Valuation

£738k

Pomanda estimates the enterprise value of SQUIRES GEAR AND ENGINEERING LIMITED at £738k based on a Turnover of £1.6m and 0.47x industry multiple (adjusted for size and gross margin).

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Squires Gear And Engineering Limited is a live company located in coventry, CV2 4GB with a Companies House number of 01953264. It operates in the manufacture of bearings, gears, gearing and driving elements sector, SIC Code 28150. Founded in October 1985, it's largest shareholder is timothy john squires with a 60% stake. Squires Gear And Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Squires Gear And Engineering Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £1.6m, make it smaller than the average company (£22.7m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a slower rate (12.1%)

EXPORT

Squires Gear And Engineering Limited's latest turnover from May 2024 is estimated at £1.6 million and the company has net assets of £94 thousand. According to their latest financial statements, Squires Gear And Engineering Limited has 15 employees and maintains cash reserves of £14 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	1,558,068	1,277,867	1,125,289	1,214,962	1,033,910	1,210,072	1,225,266	829,296	869,824	1,095,992	1,360,535	1,157,062	1,482,962	1,584,817	2,054,075
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,120,054	934,860	835,847	940,283	787,770	886,175	863,272	587,138	599,249	759,045	902,248	813,511	1,064,933	1,187,154	1,551,958
Gross Profit	438,014	343,008	289,442	274,679	246,140	323,897	361,994	242,158	270,575	336,947	458,287	343,551	418,029	397,663	502,117
Admin Expenses	399,175	376,012	286,884	268,915	258,062	279,639	350,967	227,961	270,470	423,360	451,839	372,187	435,903	394,205	391,349
Operating Profit	38,839	-33,004	2,558	5,764	-11,922	44,258	11,027	14,197	105	-86,413	6,448	-28,636	-17,874	3,458	110,768
Interest Payable	5,079	4,521	3,354	1,525	5,287	7,092	1,737	2,788	2,359	0	0	0	0	0	0
Interest Receivable	264	310	44	22	55	381	150	37	0	14	66	121	174	209	104
Pre-Tax Profit	34,024	-37,215	-752	4,260	-17,154	37,547	9,441	11,446	-2,253	-86,399	6,514	-28,515	-17,700	3,668	110,872
Tax	-8,506	0	0	-809	0	-7,134	-1,794	-2,175	0	0	-1,368	0	0	-954	-31,044
Profit After Tax	25,518	-37,215	-752	3,451	-17,154	30,413	7,647	9,271	-2,253	-86,399	5,146	-28,515	-17,700	2,714	79,828
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	25,518	-37,215	-752	3,451	-17,154	30,413	7,647	9,271	-2,253	-86,399	5,146	-28,515	-17,700	2,714	79,828
Employee Costs	747,658	701,996	673,149	596,147	621,099	637,333	580,749	264,256	255,567	284,281	379,915	314,940	389,727	429,513	533,690
Number Of Employees	15	15	15	15	15	16	15	7	7	8	11	9	11	13	17
EBITDA*	48,388	-21,391	15,711	18,636	1,763	58,722	25,438	26,928	14,746	-69,901	24,862	-8,372	4,476	25,873	133,853

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	62,653	55,943	67,078	78,086	71,432	80,579	80,102	64,464	90,546	98,818	111,730	118,757	118,620	137,616	123,730
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	62,653	55,943	67,078	78,086	71,432	80,579	80,102	64,464	90,546	98,818	111,730	118,757	118,620	137,616	123,730
Stock & work in progress	275,985	229,291	223,618	175,977	167,071	144,779	203,641	191,313	211,056	202,769	199,456	153,879	122,797	88,336	104,150
Trade Debtors	79,110	98,856	79,039	130,915	17,775	131,969	140,987	126,344	137,752	94,103	172,800	152,638	258,328	286,060	332,530
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	61,040	84,735	73,455	43,329	41,044	34,311	38,720	42,626	31,563	0	0	0	0	0	0
Cash	14	10,024	3,756	5,019	38,566	70,506	30,983	29,184	32	54	5,431	20,894	27,693	42,057	41,680
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	416,149	422,906	379,868	355,240	264,456	381,565	414,331	389,467	380,403	296,926	377,687	327,411	408,818	416,453	478,360
total assets	478,802	478,849	446,946	433,326	335,888	462,144	494,433	453,931	470,949	395,744	489,417	446,168	527,438	554,069	602,090
Bank overdraft	20,846	5,556	10,784	4,167	0	0	0	0	40,891	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	100,285	75,956	60,110	68,611	53,735	87,608	129,847	105,278	137,928	259,561	293,778	231,646	317,234	311,590	384,550
Group/Directors Accounts	0	0	0	0	0	15,319	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	22,012	31,067	16,644	0	0	0	0	0	0	0
hp & lease commitments	3,310	17,846	19,047	0	0	0	4,186	9,384	0	0	0	0	0	0	0
other current liabilities	157,202	130,955	76,177	67,046	37,442	53,389	84,615	91,623	166,708	0	0	0	0	0	0
total current liabilities	281,643	230,313	166,118	139,824	91,177	178,328	249,715	222,929	345,527	259,561	293,778	231,646	317,234	311,590	384,550
loans	29,167	34,722	35,049	45,833	0	151,323	5,733	0	31,679	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	3,910	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	58,785	131,904	127,964	126,719	136,798	0	145,000	145,000	20,922	43,913	14,952	38,263	6,296	18,236	0
provisions	15,207	13,428	12,118	14,501	4,915	9,140	480	0	0	17,196	19,214	19,932	19,066	21,701	17,712
total long term liabilities	103,159	180,054	175,131	187,053	141,713	160,463	151,213	148,910	52,601	61,109	34,166	58,195	25,362	39,937	17,712
total liabilities	384,802	410,367	341,249	326,877	232,890	338,791	400,928	371,839	398,128	320,670	327,944	289,841	342,596	351,527	402,262
net assets	94,000	68,482	105,697	106,449	102,998	123,353	93,505	82,092	72,821	75,074	161,473	156,327	184,842	202,542	199,828
total shareholders funds	94,000	68,482	105,697	106,449	102,998	123,353	93,505	82,092	72,821	75,074	161,473	156,327	184,842	202,542	199,828

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	38,839	-33,004	2,558	5,764	-11,922	44,258	11,027	14,197	105	-86,413	6,448	-28,636	-17,874	3,458	110,768
Depreciation	9,549	11,613	13,153	12,872	13,685	14,464	14,411	12,731	14,641	16,512	18,414	20,264	22,350	22,415	23,085
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-8,506	0	0	-809	0	-7,134	-1,794	-2,175	0	0	-1,368	0	0	-954	-31,044
Stock	46,694	5,673	47,641	8,906	22,292	-58,862	12,328	-19,743	8,287	3,313	45,577	31,082	34,461	-15,814	104,150
Debtors	-43,441	31,097	-21,750	115,425	-107,461	-13,427	10,737	-345	75,212	-78,697	20,162	-105,690	-27,732	-46,470	332,530
Creditors	24,329	15,846	-8,501	14,876	-33,873	-42,239	24,569	-32,650	-121,633	-34,217	62,132	-85,588	5,644	-72,960	384,550
Accruals and Deferred Income	26,247	54,778	9,131	29,604	-15,947	-31,226	-7,008	-75,085	166,708	0	0	0	0	0	0
Deferred Taxes & Provisions	1,779	1,310	-2,383	9,586	-4,225	8,660	480	0	-17,196	-2,018	-718	866	-2,635	3,989	17,712
Cash flow from operations	88,984	13,773	-11,933	-52,438	32,887	59,072	18,620	-62,894	-40,874	-30,752	19,169	-18,486	756	18,232	68,391
Investing Activities
capital expenditure	-16,259	-478	-2,145	-19,526	-4,538	-14,941	-30,049	13,351	-6,369	-3,600	-11,387	-20,401	-3,354	-36,301	-146,815
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-16,259	-478	-2,145	-19,526	-4,538	-14,941	-30,049	13,351	-6,369	-3,600	-11,387	-20,401	-3,354	-36,301	-146,815
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-15,319	15,319	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	-22,012	-9,055	14,423	16,644	0	0	0	0	0	0	0
Long term loans	-5,555	-327	-10,784	45,833	-151,323	145,590	5,733	-31,679	31,679	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-14,536	-1,201	19,047	0	0	-4,186	-9,108	13,294	0	0	0	0	0	0	0
other long term liabilities	-73,119	3,940	1,245	-10,079	136,798	-145,000	0	124,078	-22,991	28,961	-23,311	31,967	-11,940	18,236	0
share issue	0	0	0	0	-3,201	-565	3,766	0	0	0	0	0	0	0	120,000
interest	-4,815	-4,211	-3,310	-1,503	-5,232	-6,711	-1,587	-2,751	-2,359	14	66	121	174	209	104
cash flow from financing	-98,025	-1,799	6,198	34,251	-60,289	-4,608	13,227	119,586	6,329	28,975	-23,245	32,088	-11,766	18,445	120,104
cash and cash equivalents
cash	-10,010	6,268	-1,263	-33,547	-31,940	39,523	1,799	29,152	-22	-5,377	-15,463	-6,799	-14,364	377	41,680
overdraft	15,290	-5,228	6,617	4,167	0	0	0	-40,891	40,891	0	0	0	0	0	0
change in cash	-25,300	11,496	-7,880	-37,714	-31,940	39,523	1,799	70,043	-40,913	-5,377	-15,463	-6,799	-14,364	377	41,680

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SQUIRES GEAR AND ENGINEERING LIMITED group structure

Squires Gear And Engineering Limited has no subsidiary companies.

Ultimate parent company

SQUIRES GEAR AND ENGINEERING LIMITED

01953264

SQUIRES GEAR AND ENGINEERING LIMITED Shareholders

timothy john squires	60%
douglas john squires	12.5%
douglas john squires 1999 settlement	12.5%
nicola jane cooper	5%
elizabeth ann wilson	5%
andree elizabeth squires	5%

Squires Gear And Engineering Limited currently has 3 directors. The longest serving directors include Mr Douglas Squires (Jul 1995) and Mr Timothy Squires (Sep 2014).

officer	age	start	end	role
Mr Douglas Squires	80 years	Jul 1995	-	Director
Mr Timothy Squires	44 years	Sep 2014	-	Director
Mrs Andree Squires	76 years	Jun 2015	-	Director

P&L

May 2024

turnover

1.6m

+22%

operating profit

38.8k

gross margin

28.2%

+4.73%

turnover

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

Balance Sheet

May 2024

net assets

94k

+0.37%

total assets

478.8k

cash

-1%

net assets

Total assets minus all liabilities

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company number

01953264

Type

Private limited with Share Capital

industry

28150 - Manufacture of bearings, gears, gearing and driving elements

incorporation date

October 1985

ultimate parent company

None

previous names

ledbury services limited (October 1986)

address

98 swan lane, coventry, CV2 4GB

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.

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squires gear and engineering limited Company Information

squires gear and engineering limited Estimated Valuation

squires gear and engineering limited Estimated Valuation

squires gear and engineering limited Estimated Valuation

Squires Gear And Engineering Limited Overview

Squires Gear And Engineering Limited Health Check

SQUIRES GEAR AND ENGINEERING LIMITED financials

squires gear and engineering limited Credit Report and Business Information

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