Sheerwater Glass Ltd

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sheerwater glass ltd Company Information

Live

EstablishedSmallHigh

Company Number

07766455

Website

www.sheerwaterglass.co.uk

Registered Address

albany house claremont lane, esher, surrey, KT10 9FQ

Industry

Other business support service activities n.e.c.

Telephone

01932344415

Next Accounts Due

September 2025

Group Structure

View All

Directors

Gordon McCluggage13 Years

Elaine McCluggage13 Years

View All

Shareholders

mcwin limited 100%

sheerwater glass ltd Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of SHEERWATER GLASS LTD at £1.1m based on Net Assets of £421.5k and 2.54x industry multiple (adjusted for liquidity).

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Sheerwater Glass Ltd is a live company located in surrey, KT10 9FQ with a Companies House number of 07766455. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in September 2011, it's largest shareholder is mcwin limited with a 100% stake. Sheerwater Glass Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.4m with high growth in recent years.

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

Health Rating4out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £1.4m, make it smaller than the average company (£4.2m)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (6.1%)

EXPORT

Sheerwater Glass Ltd's latest turnover from December 2023 is estimated at £1.4 million and the company has net assets of £421.5 thousand. According to their latest financial statements, Sheerwater Glass Ltd has 19 employees and maintains cash reserves of £601 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
Turnover	1,440,321	1,360,186	1,197,409	836,696	936,406	1,005,300	906,374	1,003,028	768,510	1,069,460	958,342	663,935
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	905,007	832,747	748,076	526,905	585,547	631,258	564,120	620,154	488,212	690,013	624,309	424,842
Gross Profit	535,314	527,439	449,333	309,792	350,860	374,043	342,254	382,873	280,298	379,448	334,034	239,094
Admin Expenses	633,990	343,162	235,583	453,869	388,155	168,695	888,924	159,689	80,630	171,401	249,076	219,928
Operating Profit	-98,676	184,277	213,750	-144,077	-37,295	205,348	-546,670	223,184	199,668	208,047	84,958	19,166
Interest Payable	0	0	0	0	5,461	11,277	11,536	5,707	0	0	0	0
Interest Receivable	30,199	18,045	878	365	3,071	1,857	1,723	1,447	2,431	1,551	947	337
Pre-Tax Profit	-68,477	202,322	214,627	-143,713	-39,685	195,928	-556,483	218,924	202,099	209,597	85,905	19,503
Tax	0	-38,441	-40,779	0	0	-37,226	0	-43,785	-40,420	-44,015	-19,758	-4,681
Profit After Tax	-68,477	163,881	173,848	-143,713	-39,685	158,702	-556,483	175,139	161,679	165,582	66,147	14,822
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-68,477	163,881	173,848	-143,713	-39,685	158,702	-556,483	175,139	161,679	165,582	66,147	14,822
Employee Costs	974,429	1,010,519	966,216	691,060	728,180	615,228	627,175	586,343	499,445	332,451	287,365	199,822
Number Of Employees	19	20	20	15	16	14	15	14	12	8	7	5
EBITDA*	-43,207	1,112,375	277,807	-100,375	18,770	258,645	-490,804	283,809	254,020	256,746	125,469	51,758

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
Tangible Assets	178,544	227,953	229,598	72,435	46,312	395,220	395,575	410,934	56,881	61,366	34,138	27,861
Intangible Assets	0	0	0	28,998	57,998	86,998	115,998	144,998	173,998	202,998	231,996	260,998
Investments & Other	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
Total Fixed Assets	178,544	227,953	229,598	101,433	104,310	482,218	511,573	555,932	230,879	264,364	266,134	288,859
Stock & work in progress	70,995	79,653	88,102	61,388	56,670	56,112	45,690	41,578	45,207	41,615	48,869	62,111
Trade Debtors	63,379	65,572	51,217	9,400	36,853	67,331	49,295	87,669	29,922	62,513	35,566	19,322
Group Debtors	100,000	100,000	101,500	101,500	1,500	1,500	0	0	0	0	0	0
Misc Debtors	11,405	8,262	7,105	7,246	6,167	2,458	2,695	1,506	2,990	0	0	0
Cash	601,047	606,925	424,223	277,839	451,169	367,747	127,562	561,657	595,983	376,499	243,856	134,846
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	846,826	860,412	672,147	457,373	552,359	495,148	225,242	692,410	674,102	480,627	328,291	216,279
total assets	1,025,370	1,088,365	901,745	558,806	656,669	977,366	736,815	1,248,342	904,981	744,991	594,425	505,138
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	10,788	10,738	10,398	0	0	0	0
Trade Creditors	163,306	121,581	104,905	86,714	62,096	104,913	72,148	79,879	75,066	296,364	284,580	213,609
Group/Directors Accounts	1,061	1,061	1,061	1,061	1,061	1,061	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	6,087	0	0	0
other current liabilities	355,159	374,308	383,597	274,878	247,660	323,356	263,671	205,183	215,719	0	0	0
total current liabilities	519,526	496,950	489,563	362,653	310,817	440,118	346,557	295,460	296,872	296,364	284,580	213,609
loans	0	0	0	0	0	151,027	161,583	172,230	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	1	0	0	0	0	2,609	41,051	86,601
provisions	84,304	101,398	86,046	43,865	49,850	50,535	51,691	47,185	49,781	49,369	37,727	40,104
total long term liabilities	84,304	101,398	86,046	43,865	49,851	201,562	213,274	219,415	49,781	51,978	78,778	126,705
total liabilities	603,830	598,348	575,609	406,518	360,668	641,680	559,831	514,875	346,653	348,342	363,358	340,314
net assets	421,540	490,017	326,136	152,288	296,001	335,686	176,984	733,467	558,328	396,649	231,067	164,824
total shareholders funds	421,540	490,017	326,136	152,288	296,001	335,686	176,984	733,467	558,328	396,649	231,067	164,824

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
Operating Activities
Operating Profit	-98,676	184,277	213,750	-144,077	-37,295	205,348	-546,670	223,184	199,668	208,047	84,958	19,166
Depreciation	55,469	638,100	35,059	14,702	27,065	24,297	26,866	31,625	25,352	19,699	11,511	3,592
Amortisation	0	289,998	28,998	29,000	29,000	29,000	29,000	29,000	29,000	29,000	29,000	29,000
Tax	0	-38,441	-40,779	0	0	-37,226	0	-43,785	-40,420	-44,015	-19,758	-4,681
Stock	-8,658	-8,449	26,714	4,718	558	10,422	4,112	-3,629	3,592	-7,254	-13,242	62,111
Debtors	950	14,012	41,676	73,626	-26,769	19,299	-37,185	56,263	-29,601	26,947	16,244	19,322
Creditors	41,725	16,676	18,191	24,618	-42,817	32,765	-7,731	4,813	-221,298	11,784	70,971	213,609
Accruals and Deferred Income	-19,149	-9,289	108,719	27,218	-75,696	59,685	58,488	-10,536	215,719	0	0	0
Deferred Taxes & Provisions	-17,094	15,352	42,181	-5,985	-685	-1,156	4,506	-2,596	412	11,642	-2,377	40,104
Cash flow from operations	-30,017	1,091,110	337,729	-132,868	-74,217	282,992	-402,468	179,071	234,442	216,464	171,303	219,357
Investing Activities
capital expenditure	-6,060	-926,453	-192,222	-40,825	321,843	-23,942	-11,507	-385,678	-20,867	-46,929	-17,786	-321,451
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-6,060	-926,453	-192,222	-40,825	321,843	-23,942	-11,507	-385,678	-20,867	-46,929	-17,786	-321,451
Financing Activities
Bank loans	0	0	0	0	-10,788	50	340	10,398	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	1,061	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	-151,027	-10,556	-10,647	172,230	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	-6,087	6,087	0	0	0
other long term liabilities	0	0	0	-1	1	0	0	0	-2,609	-38,442	-45,550	86,601
share issue	0	0	0	0	0	0	0	0	0	0	96	150,002
interest	30,199	18,045	878	365	-2,390	-9,420	-9,813	-4,260	2,431	1,551	947	337
cash flow from financing	30,199	18,045	878	364	-164,204	-18,865	-20,120	172,281	5,909	-36,891	-44,507	236,940
cash and cash equivalents
cash	-5,878	182,702	146,384	-173,330	83,422	240,185	-434,095	-34,326	219,484	132,643	109,010	134,846
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-5,878	182,702	146,384	-173,330	83,422	240,185	-434,095	-34,326	219,484	132,643	109,010	134,846

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for sheerwater glass ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in KT10 area or any other competitors across 12 key performance metrics.

SHEERWATER GLASS LTD group structure

Sheerwater Glass Ltd has no subsidiary companies.

Ultimate parent company

MCWIN LIMITED

10507738

1 parent

SHEERWATER GLASS LTD

07766455

SHEERWATER GLASS LTD Shareholders

mcwin limited

100%

Sheerwater Glass Ltd currently has 3 directors. The longest serving directors include Mr Gordon McCluggage (Sep 2011) and Mrs Elaine McCluggage (Sep 2011).

officer	age	start	end	role
Mr Gordon McCluggage	64 years	Sep 2011	-	Director
Mrs Elaine McCluggage	61 years	Sep 2011	-	Director
Mr Mark McCluggage	39 years	Apr 2012	-	Director

P&L

December 2023

turnover

1.4m

+6%

operating profit

-98.7k

gross margin

37.2%

-4.15%

turnover

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

Balance Sheet

December 2023

net assets

421.5k

-0.14%

total assets

-0.06%

cash

601k

-0.01%

net assets

Total assets minus all liabilities

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company number

07766455

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

September 2011

accounts

Total Exemption Full

ultimate parent company

MCWIN LIMITED

previous names

d.road ltd (April 2012)

last accounts submitted

December 2023

address

albany house claremont lane, esher, surrey, KT10 9FQ

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 sheerwater glass ltd. Currently there are 2 open charges and 1 have been satisfied in the past.

sheerwater glass ltd Company Information

sheerwater glass ltd Estimated Valuation

sheerwater glass ltd Estimated Valuation

sheerwater glass ltd Estimated Valuation

Sheerwater Glass Ltd Overview

Sheerwater Glass Ltd Health Check

SHEERWATER GLASS LTD financials

sheerwater glass ltd Credit Report and Business Information

Sheerwater Glass Ltd Competitor Analysis

sheerwater glass ltd Ownership

sheerwater glass ltd directors

sheerwater glass ltd company details

sheerwater glass ltd Charges & Mortgages

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