S.h. Somerscales Limited

S.h. Somerscales Limited, based in Grimsby, UK, is a small, active company with a long history, having been founded 49 years ago in 1975. The business, which has a real registered address, currently employs 31 people and holds £5,308,337 in assets. It's managed by five directors and owned by two individuals, although it's important to note that these ownership figures are not exhaustive. The company regularly imports basic metal tools and utensils, with 18 months of import activity recorded, the last in January 2025.

The company operates in the sawmilling and planing of wood industries, a sector that requires both skilled labor and reliable equipment. While a website isn't available, this suggests a more traditional business model, potentially serving local contractors and builders rather than engaging in direct-to-consumer e-commerce.

Financially, S.h. Somerscales Limited presents a mixed picture. Cash bank on hand increased by a substantial 13%, reaching £4,000,000, while total assets also grew by 5.4% to £5,300,000. However, trade debtors decreased by 13%, indicating potential issues with customer payments. Creditors also increased by 4.7%, and other creditors rose by a significant 35%, suggesting the company is relying more on short-term financing. The company’s size—meeting two of three conditions for being considered small—helps it maintain agility, but the increase in borrowing is something to keep an eye on. The company’s net assets increased by 5.6%, which is a positive sign. No auditor is mentioned, which is typical for a small, exempt company.

Overall, S.h. Somerscales Limited appears to be a stable, long-standing business, but the increased reliance on credit could pose a challenge if market conditions change.

Registered in England/Wales under the registration number 01236614, with a registered address at DN41 8JB, United Kingdom, Grimsby, N E Lincolnshire, Roxton Lane, Keelby.

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