Shearline Precision Engineering Limited

Shearline Precision Engineering Ltd from Ely Cambridgeshire UK: a large, holding company with an active status, was founded 55 years ago and employs 112 people. The company holds £3,091,048 in assets and generates £8,525,128 in yearly revenue, operating from a real address. With two directors and one owner, Shearline boasts an e-commerce site and a stellar 5.0 Google rating based on two reviews. The company regularly imports machinery, boilers, and mechanical appliances, parts (for six months), and exports the same (for 469 months).

Shearline Precision Engineering is a well-established machining and fabrication specialist operating from Cambridgeshire Business Park. The company offers a complete manufacturing solution, encompassing fabrication, machining, and assembly services. Their website details a wide range of capabilities, including laser cutting, welding, folding, punching, bushing, powder coating, metal finishing, and part marking. They cater to various industries, offering both prototype builds and volume production runs. The company’s website also highlights their commitment to quality, customer service, and advanced technology.

Financially, Shearline shows a mixed picture. Current assets have decreased by 14%, falling to £3,100,000. However, net assets increased by 5%, reaching £2,500,000. Bank borrowings have been reduced by 32%, falling to £150,000, and cash reserves remain stable at £37,000. While administrative expenses increased by 11%, reaching £2,300,000, and director remuneration decreased slightly, the overall trend suggests a company maintaining a solid financial base. The company's large size (meeting two of three criteria for turnover over £36 million, balance sheet over £18 million, and over 250 employees) allows for economies of scale, but the increased administrative costs could indicate investments in expansion or new technologies. The audit firm, Whitings LLP, has reported on the company’s financials, lending credibility to the numbers.

The company’s long history and consistent export activity, particularly in machinery and mechanical appliances, point to a stable and reliable business. The decrease in bank borrowings is a positive sign, suggesting improved cash flow management. While the increase in administrative expenses warrants attention, Shearline Precision Engineering appears to be a financially healthy and well-managed company, poised to continue its legacy of precision engineering excellence.

Registered in England/Wales under the registration number 00976052, with a registered address at CB7 4EX, Ely Cambridgeshire, Cambridgeshire Business Park, Angel Drove.

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