Sears Manufacturing Co. (europe) Limited

Sears Manufacturing Europe Co Ltd from Ebbw Vale, UK, is a large, holding company with an active status, having been founded 48 years ago in 1976. The company employs 113 people and holds assets worth £11,142,102. It has a real address, is overseen by three directors, and has one owner. Google ratings are a bit low at 3.0 based on just two reviews. The company regularly imports iron or steel products (160 months) and exports furniture, lighting, and prefabricated buildings (185 months).

The company's website, Sears Seating, clearly focuses on its core business: manufacturing specialist seating for agriculture, construction, and industrial vehicles. The site highlights a commitment to quality and British craftsmanship, with a focus on North America and Europe. It’s a well-designed site, but doesn’t offer much in the way of e-commerce functionality—it seems more geared towards showcasing products and connecting with potential clients.

Financially, Sears Manufacturing Europe Co Ltd’s report reveals some concerning trends. While revenue remained relatively stable, net assets decreased by 11% to £1.8 million. Bank borrowings increased by a substantial 93% to £2.4 million, and cash reserves plummeted 23% to £100,000. Creditors, however, decreased by 23%, suggesting some improvement in managing short-term liabilities. The company meets the criteria for a large company, having turnover over £36 million, balance sheet total over £18 million, and more than 250 employees. The lack of an auditor mentioned likely means the accounts are unaudited.

The increase in bank borrowings, coupled with the drop in cash reserves, suggests the company might be burning through money, possibly to fund expansion or cover operational costs. The decrease in net assets, while not catastrophic, warrants close monitoring. It’s likely that the company is facing increased competition or rising input costs, which could be impacting profitability.

Registered in England/Wales under the registration number 01275439, with a registered address at NP23 5SD, Ebbw Vale, Gwent, Unit 42 Rassau Industrial Estate, Rassau.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.