Shearline Precision Engineering Limited
00976052
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/12/2023
full
Next accounts due
30/04/2026
Confirmation statement
Last: 31/12/2025
Due 14/01/2027
Industry
Officers
director · Since 31/12/1991
CHAIRMAN
BRITISH · UNITED KINGDOM · Age 77
Also on 2 other boards
director · Since 26/06/2024
DIRECTOR
ENGLISH · UNITED KINGDOM · Age 41
Also on 1 other board
Persons with Significant Control
Shearline Holdings Limited
Cambridgeshire Business Park, Angel Drove, Ely, CB7 4EX
Reg: 02275157 · Companies House · Uk Limited Company
Notified 06/04/2016
Charges2 outstanding
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CompanyRankvs 299+ SIC 25620 peers60
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/12/2023
Turnover
£8.5M
Annual revenue
Net Worth
£2.5M
Balance sheet strength
Cash
£37k
Cash in the bank
Profit Before Tax
-£168k
Bottom line earnings
Net Current Assets
£491k
Working capital
Current Assets
£3.1M
Current Liabilities
£2.6M
Fixed Assets
£3.1M
Debtors
£1.7M
Cost of Sales
£6.3M
Gross Profit
£2.2M
Admin Expenses
£2.3M
Operating Profit
-£55k
Profit After Tax
-£127k
Tax at Year End(2022)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 1.19 | -£127k |
| 2022 | 1.30 | +£246k |
| 2021 | 1.36 | +£43k |
| 2020 | 1.34 | — |
Derived from filed accounts. Not audited figures.