Sheerform Ltd.

Sheerform Ltd from Leeds UK is a small, active company founded eight years ago. With £250,777 in assets and a virtual address shared by numerous other businesses, it operates with two directors and one owner. The company regularly imports clothing and accessories made by knitting or crocheting, with a history of ten months of import activity.

The company’s website is not available, so it’s difficult to determine the specifics of their operations beyond the import activity. They operate within the “other business support service activities n.e.c.” industry, suggesting a broad range of services, but without a website, it’s hard to say exactly what those are.

Financially, Sheerform Ltd presents a mixed picture. Current assets have decreased by 5.7% to £250,000, while net assets have fallen by 11% to -£120,000—a concerning trend. Bank borrowings have decreased by 4.4% to £38,000, and cash reserves have plummeted by 93% to just £570. Creditors have decreased by 4.4% to £38,000, and trade debtors have remained steady. The company’s small size—meeting two of three criteria for a small company—helps it stay nimble, but the decline in equity and cash is something to watch. With no auditor mentioned, the figures are unaudited.

The company’s reliance on imports, particularly in a post-Brexit environment, could be a vulnerability. The decrease in cash reserves suggests that Sheerform Ltd is burning through money, although the decrease in creditors is a positive sign. The company’s single owner and two directors likely means that decision-making is quick, but it also means that the business is heavily reliant on the expertise and availability of a small number of people.

Registered in England/Wales under the registration number 10468015, with a registered address at LS1 4DJ, England, Leeds, 20-22 Bridge End.

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