shearwater group plc
shearwater group plc Company Information
Company Number
05059457
Next Accounts
Sep 2025
Industry
Other information technology and computer service activities
Shareholders
undisclosed
Group Structure
View All
Contact
Registered Address
22 great james street, london, WC1N 3ES
Website
www.shearwatergroup.comshearwater group plc Estimated Valuation
Pomanda estimates the enterprise value of SHEARWATER GROUP PLC at £20.2m based on a Turnover of £22.6m and 0.89x industry multiple (adjusted for size and gross margin).
shearwater group plc Estimated Valuation
Pomanda estimates the enterprise value of SHEARWATER GROUP PLC at £1.8m based on an EBITDA of £305k and a 5.95x industry multiple (adjusted for size and gross margin).
shearwater group plc Estimated Valuation
Pomanda estimates the enterprise value of SHEARWATER GROUP PLC at £102.6m based on Net Assets of £46m and 2.23x industry multiple (adjusted for liquidity).
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Shearwater Group Plc Overview
Shearwater Group Plc is a live company located in london, WC1N 3ES with a Companies House number of 05059457. It operates in the other information technology service activities sector, SIC Code 62090. Founded in March 2004, it's largest shareholder is undisclosed with a 100% stake. Shearwater Group Plc is a mature, large sized company, Pomanda has estimated its turnover at £22.6m with declining growth in recent years.
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Shearwater Group Plc Health Check
Pomanda's financial health check has awarded Shearwater Group Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £22.6m, make it larger than the average company (£7.2m)
£22.6m - Shearwater Group Plc
£7.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (9%)
-11% - Shearwater Group Plc
9% - Industry AVG
Production
with a gross margin of 30.3%, this company has a higher cost of product (48.8%)
30.3% - Shearwater Group Plc
48.8% - Industry AVG
Profitability
an operating margin of -14.2% make it less profitable than the average company (3.9%)
-14.2% - Shearwater Group Plc
3.9% - Industry AVG
Employees
with 94 employees, this is above the industry average (42)
94 - Shearwater Group Plc
42 - Industry AVG
Pay Structure
on an average salary of £82.9k, the company has an equivalent pay structure (£72.2k)
£82.9k - Shearwater Group Plc
£72.2k - Industry AVG
Efficiency
resulting in sales per employee of £240.9k, this is more efficient (£173.6k)
£240.9k - Shearwater Group Plc
£173.6k - Industry AVG
Debtor Days
it gets paid by customers after 144 days, this is later than average (51 days)
144 days - Shearwater Group Plc
51 days - Industry AVG
Creditor Days
its suppliers are paid after 169 days, this is slower than average (35 days)
169 days - Shearwater Group Plc
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Shearwater Group Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 20 weeks, this is more cash available to meet short term requirements (14 weeks)
20 weeks - Shearwater Group Plc
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.1%, this is a lower level of debt than the average (62.8%)
26.1% - Shearwater Group Plc
62.8% - Industry AVG
SHEARWATER GROUP PLC financials
Shearwater Group Plc's latest turnover from March 2024 is £22.6 million and the company has net assets of £46 million. According to their latest financial statements, Shearwater Group Plc has 94 employees and maintains cash reserves of £5 million 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 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 22,643,000 | 26,686,000 | 35,876,000 | 31,766,000 | 33,004,000 | 23,452,000 | 6,240,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Cost Of Sales | 15,790,000 | 20,236,000 | 25,053,000 | 21,871,000 | 22,817,000 | 16,617,000 | 2,604,000 | 0 | |||||||
| Gross Profit | 6,853,000 | 6,450,000 | 10,823,000 | 9,895,000 | 10,187,000 | 6,835,000 | 3,636,000 | 0 | |||||||
| Admin Expenses | 10,079,000 | 16,006,000 | 9,777,000 | 9,664,000 | 10,897,000 | 13,551,000 | 6,520,000 | 1,585,000 | |||||||
| Operating Profit | -3,226,000 | -9,556,000 | 1,046,000 | 231,000 | -710,000 | -6,716,000 | -2,884,000 | -1,585,000 | -243 | -317,000 | -479,000 | -624,000 | -1,046,000 | -2,003,000 | -1,541,098 |
| Interest Payable | 82,000 | 77,000 | 110,000 | 200,000 | 560,000 | 164,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 15,000 | 0 | 0 | 2,000 | 8,000 | 0 | 2,000 | 1,000 | 0 | 0 | 0 | 1,000 | 4,000 | 17,000 | 3,173 |
| Pre-Tax Profit | -3,293,000 | -9,633,000 | 936,000 | 33,000 | -1,262,000 | -6,880,000 | -2,882,000 | -1,584,000 | -243 | -317,000 | -478,000 | -615,000 | -1,042,000 | -2,169,000 | -1,072,041 |
| Tax | 1,123,000 | 1,458,000 | -1,228,000 | 112,000 | -242,000 | 1,020,000 | -3,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -2,170,000 | -8,175,000 | -292,000 | 145,000 | -1,504,000 | -5,860,000 | -2,885,000 | -1,584,000 | -243 | -317,000 | -478,000 | -615,000 | -1,042,000 | -2,169,000 | -1,072,041 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -2,170,000 | -8,175,000 | -292,000 | 145,000 | -1,504,000 | -5,860,000 | -2,885,000 | -1,584,000 | -243 | -317,000 | -530,000 | -690,000 | -1,042,000 | -2,169,000 | -611,235 |
| Employee Costs | 7,797,000 | 7,991,000 | 7,383,000 | 7,387,000 | 8,456,000 | 7,502,000 | 3,368,000 | 403,000 | 59 | 151,000 | 324,000 | 485,000 | 514,000 | 928,000 | 1,105,046 |
| Number Of Employees | 94 | 99 | 88 | 92 | 105 | 102 | 41 | 6 | 4 | 4 | 5 | 5 | 4 | 6 | 16 |
| EBITDA* | 305,000 | -6,425,000 | 4,458,000 | 3,431,000 | 2,025,000 | -5,322,000 | -2,223,000 | -1,584,000 | -243 | -317,000 | -478,000 | -623,000 | -1,044,000 | -1,999,000 | -495,081 |
* 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 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,806,000 | 8,138,000 | 315,000 | 405,000 | 1,064,000 | 946,000 | 127,000 | 119,000 | 42 | 79,000 | 64,000 | 0 | 1,000 | 3,000 | 800,381 |
| Intangible Assets | 43,054,000 | 45,256,000 | 52,564,000 | 54,616,000 | 56,767,000 | 52,389,000 | 20,669,000 | 935,000 | 926 | 899,000 | 899,000 | 1,000,000 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 33,000 | 51,000 | 0 | 42 | 79,000 | 64,000 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 1,695,000 | 8,022,000 | 0 | 0 | 186,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 44,860,000 | 53,394,000 | 52,879,000 | 55,021,000 | 57,645,000 | 53,335,000 | 20,796,000 | 1,054,000 | 968 | 978,000 | 963,000 | 1,000,000 | 1,000 | 3,000 | 800,380 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 8,948,000 | 7,475,000 | 4,538,000 | 8,965,000 | 8,575,000 | 12,495,000 | 1,622,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 3,444,000 | 4,871,000 | 15,617,000 | 646,000 | 1,930,000 | 2,716,000 | 327,000 | 86,000 | 11 | 13,000 | 62,000 | 57,000 | 492,000 | 61,000 | 177,721 |
| Cash | 4,974,000 | 3,964,000 | 5,575,000 | 8,049,000 | 3,343,000 | 597,000 | 2,493,000 | 7,073,000 | 45 | 106,000 | 214,000 | 698,000 | 1,317,000 | 732,000 | 9,256,743 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 17,366,000 | 16,310,000 | 25,730,000 | 17,660,000 | 13,848,000 | 15,808,000 | 4,442,000 | 7,159,000 | 56 | 119,000 | 276,000 | 755,000 | 1,809,000 | 793,000 | 9,434,465 |
| total assets | 62,226,000 | 69,704,000 | 78,609,000 | 72,681,000 | 71,493,000 | 69,143,000 | 25,238,000 | 8,213,000 | 1,024 | 1,097,000 | 1,239,000 | 1,755,000 | 1,810,000 | 796,000 | 10,234,845 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 7,320,000 | 3,265,000 | 4,573,000 | 7,724,000 | 6,093,000 | 7,451,000 | 632,000 | 103,000 | 31 | 47,000 | 48,000 | 32,000 | 26,000 | 26,000 | 68,550 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 20,000 | 4,054,000 | 4,407,000 | 67,000 | 0 | 50 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 127,000 | 105,000 | 158,000 | 193,000 | 280,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 5,157,000 | 8,978,000 | 9,788,000 | 4,300,000 | 4,159,000 | 4,522,000 | 1,056,000 | 629,000 | 36 | 42,000 | 65,000 | 67,000 | 95,000 | 86,000 | 250,713 |
| total current liabilities | 12,604,000 | 12,348,000 | 14,519,000 | 12,237,000 | 14,586,000 | 16,380,000 | 1,755,000 | 732,000 | 117 | 89,000 | 113,000 | 99,000 | 121,000 | 112,000 | 319,264 |
| loans | 502,000 | 432,000 | 96,000 | 1,702,000 | 1,214,000 | 206,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 251,000 | 216,000 | 48,000 | 96,000 | 243,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 385,000 | 5,284,000 | 3,958,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 131,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 6,020,000 | 7,204,000 | 7,756,000 | 6,210,000 | 6,844,000 | 6,406,000 | 2,680,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,646,000 | 9,233,000 | 7,884,000 | 3,956,000 | 4,393,000 | 3,409,000 | 1,340,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 16,250,000 | 21,581,000 | 22,403,000 | 16,193,000 | 18,979,000 | 19,789,000 | 3,095,000 | 732,000 | 117 | 89,000 | 113,000 | 99,000 | 121,000 | 112,000 | 319,264 |
| net assets | 45,976,000 | 48,123,000 | 56,206,000 | 56,488,000 | 52,514,000 | 49,354,000 | 22,143,000 | 7,481,000 | 907 | 1,008,000 | 1,126,000 | 1,656,000 | 1,689,000 | 684,000 | 9,915,582 |
| total shareholders funds | 45,976,000 | 48,123,000 | 56,206,000 | 56,488,000 | 52,514,000 | 49,354,000 | 22,143,000 | 7,481,000 | 907 | 1,008,000 | 1,126,000 | 1,656,000 | 1,689,000 | 684,000 | 9,915,582 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -3,226,000 | -9,556,000 | 1,046,000 | 231,000 | -710,000 | -6,716,000 | -2,884,000 | -1,585,000 | -243 | -317,000 | -479,000 | -624,000 | -1,046,000 | -2,003,000 | -1,541,098 |
| Depreciation | 244,000 | 240,000 | 263,000 | 340,000 | 316,000 | 69,000 | 14,000 | 1,000 | 0 | 0 | 1,000 | 1,000 | 2,000 | 4,000 | 1,046,017 |
| Amortisation | 3,287,000 | 2,891,000 | 3,149,000 | 2,860,000 | 2,419,000 | 1,325,000 | 647,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 1,123,000 | 1,458,000 | -1,228,000 | 112,000 | -242,000 | 1,020,000 | -3,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -6,281,000 | 213,000 | 10,544,000 | -1,080,000 | -4,520,000 | 13,262,000 | 1,863,000 | 85,989 | -12,989 | -49,000 | 5,000 | -435,000 | 431,000 | -116,721 | 177,721 |
| Creditors | 4,055,000 | -1,308,000 | -3,151,000 | 1,631,000 | -1,358,000 | 6,819,000 | 529,000 | 102,969 | -46,969 | -1,000 | 16,000 | 6,000 | 0 | -42,550 | 68,550 |
| Accruals and Deferred Income | -8,720,000 | 516,000 | 9,446,000 | 141,000 | -363,000 | 3,466,000 | 427,000 | 628,964 | -41,964 | -23,000 | -2,000 | -28,000 | 9,000 | -164,713 | 250,713 |
| Deferred Taxes & Provisions | -1,184,000 | -552,000 | 1,546,000 | -634,000 | 438,000 | 3,726,000 | 2,680,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,860,000 | -6,524,000 | 527,000 | 5,761,000 | 5,020,000 | -3,553,000 | -453,000 | -938,056 | -76,187 | -292,000 | -469,000 | -210,000 | -1,466,000 | -353,539 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | -33,000 | -18,000 | 51,000 | -42 | -78,958 | 15,000 | 64,000 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | -20,000 | -4,034,000 | -353,000 | 4,340,000 | 67,000 | -50 | 50 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 70,000 | 336,000 | -1,606,000 | 488,000 | 1,008,000 | 206,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 57,000 | 115,000 | -83,000 | -234,000 | 523,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -131,000 | 131,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -67,000 | -77,000 | -110,000 | -198,000 | -552,000 | -164,000 | 2,000 | 1,000 | 0 | 0 | 0 | 1,000 | 4,000 | 17,000 | 3,173 |
| cash flow from financing | -48,000 | 597,000 | -1,809,000 | -149,000 | 5,290,000 | 37,453,000 | 17,616,000 | 9,065,043 | -1,006,800 | 199,000 | 0 | 658,000 | 2,051,000 | -7,045,582 | 10,529,990 |
| cash and cash equivalents | |||||||||||||||
| cash | 1,010,000 | -1,611,000 | -2,474,000 | 4,706,000 | 2,746,000 | -1,896,000 | -4,580,000 | 7,072,955 | -105,955 | -108,000 | -484,000 | -619,000 | 585,000 | -8,524,743 | 9,256,743 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,010,000 | -1,611,000 | -2,474,000 | 4,706,000 | 2,746,000 | -1,896,000 | -4,580,000 | 7,072,955 | -105,955 | -108,000 | -484,000 | -619,000 | 585,000 | -8,524,743 | 9,256,743 |
shearwater group plc Credit Report and Business Information
Shearwater Group Plc Competitor Analysis
Perform a competitor analysis for shearwater group plc by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in W1J area or any other competitors across 12 key performance metrics.
shearwater group plc Ownership
SHEARWATER GROUP PLC group structure
Shearwater Group Plc has 5 subsidiary companies.
Ultimate parent company
SHEARWATER GROUP PLC
05059457
5 subsidiaries
shearwater group plc directors
Shearwater Group Plc currently has 6 directors. The longest serving directors include Mr David Williams (Apr 2015) and Mr Robin Southwell (Oct 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Williams | England | 72 years | Apr 2015 | - | Director |
| Mr Robin Southwell | United Kingdom | 64 years | Oct 2016 | - | Director |
| Mr Stephen Ball | England | 71 years | Oct 2016 | - | Director |
| Mr Giles Willits | England | 58 years | Dec 2016 | - | Director |
| Mr Philip Higgins | United Kingdom | 58 years | Dec 2018 | - | Director |
| Mr Jonathan Hall | 48 years | Sep 2024 | - | Director |
P&L
March 2024turnover
22.6m
-15%
operating profit
-3.2m
-66%
gross margin
30.3%
+25.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
46m
-0.04%
total assets
62.2m
-0.11%
cash
5m
+0.25%
net assets
Total assets minus all liabilities
shearwater group plc company details
company number
05059457
Type
Public limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
March 2004
age
21
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
aurum mining plc (January 2017)
zoloto plc (April 2004)
accountant
-
auditor
BDO LLP
address
22 great james street, london, WC1N 3ES
Bank
-
Legal Advisor
MAYER BROWN INTERNATIONAL LLP
shearwater group plc 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 3 charges/mortgages relating to shearwater group plc. Currently there are 2 open charges and 1 have been satisfied in the past.
shearwater group plc 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 SHEARWATER GROUP PLC. This can take several minutes, an email will notify you when this has completed.
shearwater group plc Companies House Filings - See Documents
| date | description | view/download |
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