Shucksmith Accountants (scunthorpe) Limited

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shucksmith accountants (scunthorpe) limited Company Information

Company Number

02950871

Next Accounts

Dec 2025

Directors

Neil Shucksmith

Shareholders

neil shucksmith

Group Structure

View All

Industry

Accounting, and auditing activities

Registered Address

94-96 oswald road, scunthorpe, DN15 7PA

Website

www.nshucksmith.co.uk

shucksmith accountants (scunthorpe) limited Estimated Valuation

£535.2k

Pomanda estimates the enterprise value of SHUCKSMITH ACCOUNTANTS (SCUNTHORPE) LIMITED at £535.2k based on Net Assets of £174.9k and 3.06x industry multiple (adjusted for liquidity).

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Shucksmith Accountants (scunthorpe) Limited is a live company located in scunthorpe, DN15 7PA with a Companies House number of 02950871. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in July 1994, it's largest shareholder is neil shucksmith with a 100% stake. Shucksmith Accountants (scunthorpe) Limited is a mature, small sized company, Pomanda has estimated its turnover at £728.3k with low growth in recent years.

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Pomanda's financial health check has awarded Shucksmith Accountants (Scunthorpe) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £728.3k, make it larger than the average company (£182.1k)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (8.4%)

EXPORT

Shucksmith Accountants (Scunthorpe) Limited's latest turnover from March 2024 is estimated at £728.3 thousand and the company has net assets of £174.9 thousand. According to their latest financial statements, Shucksmith Accountants (Scunthorpe) Limited has 9 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011
Turnover	728,254	609,800	708,868	686,969	892,233	803,183	1,047,506	744,879	1,086,960	1,534,687	1,616,164	549,928	616,646	618,814
Other Income Or Grants
Cost Of Sales	363,601	299,617	343,699	314,473	394,945	335,335	419,772	283,909	501,291	604,001	675,273	213,134	255,047	228,915
Gross Profit	364,653	310,183	365,169	372,495	497,288	467,848	627,733	460,970	585,669	930,687	940,891	336,794	361,599	389,899
Admin Expenses	334,565	338,554	369,997	375,825	318,693	425,844	622,320	518,358	533,422	931,466	1,052,392	297,787	319,737	293,278
Operating Profit	30,088	-28,371	-4,828	-3,330	178,595	42,004	5,413	-57,388	52,247	-779	-111,501	39,007	41,862	96,621
Interest Payable
Interest Receivable							78	59	75	44	17	49	53	12
Pre-Tax Profit	30,088	-28,371	-4,828	-3,330	178,595	42,004	5,491	-57,329	52,323	-735	-111,484	39,056	41,916	96,634
Tax	-7,522				-33,933	-7,981	-1,043		-10,464			-8,983	-10,060	-25,125
Profit After Tax	22,566	-28,371	-4,828	-3,330	144,662	34,023	4,448	-57,329	41,858	-735	-111,484	30,073	31,856	71,509
Dividends Paid
Retained Profit	22,566	-28,371	-4,828	-3,330	144,662	34,023	4,448	-57,329	41,858	-735	-111,484	30,073	31,856	71,509
Employee Costs	314,980	232,839	428,826	317,857	336,015	265,878	308,789	230,549	298,251	323,151	469,217	166,926	180,756	175,341
Number Of Employees	9	7	14	12	12	8	11	8	11	12	16	6	7	7
EBITDA*	30,088	-28,371	-4,828	-3,330	178,595	42,004	5,413	-57,388	94,844	41,818	-68,904	39,007	41,862	96,621

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	90,944	90,351	88,619	87,163	87,652	3,035					170,388
Intangible Assets								42,237	85,194	127,791		12,600	12,600	12,600
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	90,944	90,351	88,619	87,163	87,652	3,035		42,237	85,194	127,791	170,388	12,600	12,600	12,600
Stock & work in progress
Trade Debtors	397,265	333,935	368,031	371,657	447,918	372,948	457,208	277,980	351,054	416,177	407,773	141,037	147,308	156,159
Group Debtors
Misc Debtors	16,343	6,135	2,980	5,835	4,375
Cash								31,207	16,008	14,083	3,509	3,129	16,420	4,929	1
misc current assets
total current assets	413,608	340,070	371,011	377,492	452,293	372,948	457,208	309,187	367,062	430,260	411,282	144,166	163,728	161,088	1
total assets	504,552	430,421	459,630	464,655	539,945	375,983	457,208	351,424	452,256	558,051	581,670	156,766	176,328	173,688	1
Bank overdraft
Bank loan
Trade Creditors	306,717	248,648	245,574	229,104		331,764	447,012	345,651	389,154	536,807	559,691	23,303	72,938	102,154
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	306,717	248,648	245,574	229,104		331,764	447,012	345,651	389,154	536,807	559,691	23,303	72,938	102,154
loans
hp & lease commitments
Accruals and Deferred Income	11,250	7,754
other liabilities	11,667	21,667	33,333	50,000	351,064
provisions
total long term liabilities	22,917	29,421	33,333	50,000	351,064
total liabilities	329,634	278,069	278,907	279,104	351,064	331,764	447,012	345,651	389,154	536,807	559,691	23,303	72,938	102,154
net assets	174,918	152,352	180,723	185,551	188,881	44,219	10,196	5,773	63,102	21,244	21,979	133,463	103,390	71,534	1
total shareholders funds	174,918	152,352	180,723	185,551	188,881	44,219	10,196	5,773	63,102	21,244	21,979	133,463	103,390	71,534	1

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	30,088	-28,371	-4,828	-3,330	178,595	42,004	5,413	-57,388	52,247	-779	-111,501	39,007	41,862	96,621
Depreciation										42,597
Amortisation									42,597		42,597
Tax	-7,522				-33,933	-7,981	-1,043		-10,464			-8,983	-10,060	-25,125
Stock
Debtors	73,538	-30,941	-6,481	-74,801	79,345	-84,260	179,228	-73,074	-65,123	8,404	266,736	-6,271	-8,851	156,159
Creditors	58,069	3,074	16,470	229,104	-331,764	-115,248	101,361	-43,503	-147,653	-22,884	536,388	-49,635	-29,216	102,154
Accruals and Deferred Income	3,496	7,754
Deferred Taxes & Provisions
Cash flow from operations	10,593	13,398	18,123	300,575	-266,447	3,035	-73,497	-27,817	1,850	10,530	200,748	-13,340	11,437	17,491
Investing Activities
capital expenditure	-593	-1,732	-1,456	489	-84,617	-3,035	42,237	42,957			-200,385			-12,600
Change in Investments
cash flow from investments	-593	-1,732	-1,456	489	-84,617	-3,035	42,237	42,957			-200,385			-12,600
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities	-10,000	-11,666	-16,667	-301,064	351,064
share issue							-25							24	1
interest							78	59	75	44	17	49	53	12
cash flow from financing	-10,000	-11,666	-16,667	-301,064	351,064		53	59	75	44	17	49	53	36	1
cash and cash equivalents
cash							-31,207	15,199	1,925	10,574	380	-13,291	11,491	4,928	1
overdraft
change in cash							-31,207	15,199	1,925	10,574	380	-13,291	11,491	4,928	1

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SHUCKSMITH ACCOUNTANTS (SCUNTHORPE) LIMITED group structure

Shucksmith Accountants (Scunthorpe) Limited has no subsidiary companies.

Ultimate parent company

SHUCKSMITH ACCOUNTANTS (SCUNTHORPE) LIMITED

02950871

SHUCKSMITH ACCOUNTANTS (SCUNTHORPE) LIMITED Shareholders

neil shucksmith

100%

Shucksmith Accountants (Scunthorpe) Limited currently has 1 director, Mr Neil Shucksmith serving since Jul 1994.

officer	country	age	start	end	role
Mr Neil Shucksmith	England	56 years	Jul 1994	-	Director

P&L

March 2024

turnover

728.3k

+19%

operating profit

30.1k

gross margin

50.1%

-1.56%

turnover

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

Balance Sheet

March 2024

net assets

174.9k

+0.15%

total assets

504.6k

+0.17%

cash

net assets

Total assets minus all liabilities

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company number

02950871

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

July 1994

ultimate parent company

None

previous names

n. shucksmith and company limited (June 2014)

address

94-96 oswald road, scunthorpe, DN15 7PA

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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shucksmith accountants (scunthorpe) limited Company Information

shucksmith accountants (scunthorpe) limited Estimated Valuation

shucksmith accountants (scunthorpe) limited Estimated Valuation

shucksmith accountants (scunthorpe) limited Estimated Valuation

Shucksmith Accountants (scunthorpe) Limited Overview

Shucksmith Accountants (scunthorpe) Limited Health Check

SHUCKSMITH ACCOUNTANTS (SCUNTHORPE) LIMITED financials

shucksmith accountants (scunthorpe) limited Credit Report and Business Information

Shucksmith Accountants (scunthorpe) Limited Competitor Analysis

shucksmith accountants (scunthorpe) limited Ownership

shucksmith accountants (scunthorpe) limited directors

shucksmith accountants (scunthorpe) limited company details

shucksmith accountants (scunthorpe) limited Charges & Mortgages

shucksmith accountants (scunthorpe) limited Capital Raised & Share Issues BETA

shucksmith accountants (scunthorpe) limited Companies House Filings - See Documents