Sheaf Materials Handling Limited

Sheaf Materials Handling Ltd from Sheffield UK: a small, active company founded 26 years ago, employs 11 people, and holds £408,219 in assets. Operating from a virtual address, the business is a family affair with three directors and two owners, boasting a perfect 5.0 Google rating based on a single review. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts – 17 months of imports and 10 months of exports recorded.

The company's website highlights its core business: supplying forklift parts, particularly for Chinese trucks. It also runs two other ventures: Sheaf Diesel Services, specializing in diesel injector pump reconditioning, and a high-end piano restoration business, 1066 Pianos, operating from Cambridge with a showroom in Harrods. The website emphasizes parts availability, service and repair, and a parts enquiry upload feature.

Financially, Sheaf Materials Handling Ltd shows a mixed picture. Current assets decreased by 11% to £410,000, while net assets fell 11% to £190,000. Cash bank on hand experienced a significant drop, plummeting 72% to just £24,000. Trade debtors also decreased, falling 26% to £52,000. However, creditors decreased by 24%, suggesting improved debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned likely means the accounts are unaudited.

Overall, Sheaf Materials Handling Ltd appears to be navigating a period of financial adjustment. While the core business of forklift parts seems stable, the decrease in cash reserves and overall equity warrants attention. The diversification into diesel services and piano restoration, while potentially lucrative, could also be stretching resources.

Registered in England/Wales under the registration number 03735884, with a registered address at S11 8FT, England, Sheffield, 364 - 366 Cemetery Road.

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