Sheridan U.k. Limited

Sheridan Uk Ltd from Manchester UK: a small holding company with an active status, was founded 24 years ago in 2000. It employs 18 people and holds £4,289,784 in assets. The company uses a virtual address, has four directors, and is owned by one individual. It regularly imports and exports various textile products, sets, used clothing, and rags—198 months of imports and 80 months of exports recorded.

The company operates in the wholesale of textiles and retail sale of textiles in specialised stores. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Its registered address is One St Peter’s Square, but it's probably virtual as 198 companies are registered at the same address.

Sheridan Uk Ltd is a regular importer, with its top import category being Various textile products, sets, used clothing, and rags, totaling 198 months of imports. The last import operation was conducted on July 01, 2024. The company is a regular exporter, with its top export categories including Various textile products, sets, used clothing, and rags, totaling 80 of months exports. The last export operation took place on December 01, 2024.

Financially, Sheridan Uk Ltd shows some concerning trends. Cash bank on hand increased by a significant 40% to £3.5 million, which is good, but net assets decreased by 39% to -£620,000. Creditors remained stable at £4 million, but trade debtors plummeted by 51% to £280,000. Average number of employees decreased by 17% to 15. The company’s reliance on bank borrowings is also notable, with Amounts Owed By Associates Joint Ventures Participating Interests remaining steady at £12,000.

While the company’s assets are substantial, the negative equity suggests it’s burning through money. The decrease in employees could be a result of restructuring, or perhaps a sign of cost-cutting measures. With no auditor mentioned, the unaudited figures are reliant on internal reporting. Overall, Sheridan Uk Ltd seems to be facing some financial pressures, despite its ongoing import and export activity.

Registered in England/Wales under the registration number 04057481, with a registered address at M2 3DE, United Kingdom, Manchester, One St Peter's Square.

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