Sheargold Limited

Sheargold Ltd from Ruislip UK: a small, active company founded 33 years ago, employs 17 people, and holds assets of £8,546,846. It’s a family business with six directors and three owners, boasting a perfect 5.0 Google rating based on five reviews. The company regularly imports electrical machinery and equipment (76 months) and exports machinery, boilers, and mechanical appliances (585 months).

Sheargold Ltd operates as a specialist procurement sourcing organisation, established in 1991. Its website highlights a focus on innovation and creativity, delivering high-level service throughout the global supply chain. It caters to large, well-known companies, providing end-to-end supply chain processes. The company assures full support from experienced personnel, facilitating the clearance and delivery of goods. It’s clear they are focused on B2B operations, acting as an agent involved in the sale of a variety of goods.

Financially, Sheargold Ltd shows a mixed picture. While cash reserves grew by a respectable 5.8% to £5.9 million, bank borrowings increased significantly by 630% to £230,000. Creditors also rose by 17% to £2 million, suggesting a need for more careful management of payments. The company's small size (meeting two of three criteria for a small company) helps it remain flexible, but the increased borrowings and rising creditors could be a cause for concern. It’s worth noting that the company’s net assets remained relatively stable, decreasing only slightly to £9.2 million. The lack of an auditor mentioned is likely due to its status as a small company, meaning the financial statements are unaudited. The company’s net losses deepened from -£10,000 to -£23,000, while trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms, and creditors rose 35% to £34,000.

Registered in England/Wales under the registration number 02643414, with a registered address at HA4 0JW, Ruislip, Middlesex, Unit 1 Imperial Park, Stonefield Way.

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