Shield Engineering (syston) Limited

Shield Engineering Syston Ltd, a large company holding status, has been a fixture in Syston, UK, for 73 years. Employing 123 people, the business boasts £24,380,884 in assets and a yearly revenue of £30,168,036. The company operates from a virtual address, managed by five directors and one owner, and maintains a stellar 5.0 Google rating based on a single review. It’s a regular importer and exporter of machinery, boilers, and mechanical appliances, parts, with 66 months of import activity and 231 months of export activity recorded.

The company’s website reveals a complex network of related businesses, each specializing in different aspects of engineering and manufacturing. Beyond Shield Engineering Syston Ltd itself, the website lists Woolley GMC, Burrows Smith, Bridge Aluminium Burton Latimer, Spaw Engineering, O.L.D. Engineering, Shield Manufacturing Technologies, Bridge Aluminium Castings, and Goddeeris Machining – each with its own location and expertise. The Shield Group is described as one of the largest engineering groups in the UK, providing machining and assembly solutions to various industries, including power generation, off-highway, construction, and automotive. They pride themselves on customer service and quality, offering services from jig tooling to aluminium casting and volume production. A recent acquisition of Bridge Aluminium Worcester is highlighted as a major development.

Financially, Shield Engineering Syston Ltd shows some concerning trends. While turnover remained steady at £30,168,036, net assets declined by 18% to £13,000,000. Bank borrowings increased significantly by 65% to £860,000, and cash reserves fell 68% to £630,000. Creditors also decreased by 23%, suggesting a focus on managing debt. The company meets two of three conditions to be considered large, with turnover over £36 million, balance sheet over £18 million, and over 250 employees. The company’s unaudited accounts, and the lack of a named auditor, mean these figures should be viewed with caution.

The business seems to be navigating a period of change, with increased borrowing and declining cash reserves. The wide range of related businesses, however, suggests a diversified approach and potential for resilience, although the virtual address raises questions about the physical presence of some operations.

Registered in England/Wales under the registration number 00495735, with a registered address at LE7 1NL, Syston, Leicestershire, 365 Fosse Way.

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