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SEARS MANUFACTURING CO. (EUROPE) LIMITED
UNIT 42 RASSAU INDUSTRIAL ESTATE, RASSAU, EBBW VALE, GWENT, NP23 5SDCompany Number: 01275439
Incorporation date: 01-Sep-1976
Status: Active
Entity type: Private Limited Company
SIC codes:
30990 Manufacture of other transport equipment not elsewhere classified
SUMMARY
This company is 48.3 years old and is currently active. It is controlled by Sears Manufacturing Co. The company has negative equity (net assets) of GBP -1.8 million but has improved from GBP -2.9 million in the previous year. Retained earnings is negative (GBP -4.2 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 1 active officers (directors or partners) who are or were officers of 1 other company. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 30-Sep-2025Accounts Filed: FULL (31-Dec-2023)
P&L Financials:
| Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
|---|---|---|---|---|---|---|---|
| 31-Dec-2023 | GBP | 1,374,898 | 11,072 | 317,338 | 1,068,632 | ||
| 31-Dec-2022 | GBP | 29,445,744 | -648,243 | 2,326 | 174,565 | -820,482 | |
| 31-Dec-2021 | GBP | 22,913,704 | -1,606,350 | 121,319 | -1,727,669 | ||
| 31-Dec-2020 | GBP | 17,366,997 | -449,522 | 153 | 119,808 | -569,177 | |
| 31-Dec-2019 | GBP | 20,051,646 | -541,831 | 148,407 | -690,238 | ||
| 31-Dec-2018 | GBP | 20,161,604 | 127,240 | 127,080 | 201 | ||
| 31-Dec-2017 | GBP | 19,402,141 | 18,110 | 126,057 | -6,383 | -101,564 | |
| 31-Dec-2016 | GBP | 17,226,743 | -1,031,227 | 101,907 | 194,569 | -1,327,703 |
Balance Sheet Financials:
| Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
|---|---|---|---|---|---|---|---|---|---|
| 31-Dec-2023 | GBP | 100,611 | 11,142,102 | 2,413,240 | 3,168,705 | 1,000,000 | 1,433,800 | -4,246,173 | -1,812,373 |
| 31-Dec-2022 | GBP | 2,245 | 12,913,167 | 1,252,314 | 3,032,037 | 1,000,000 | 1,433,800 | -5,314,805 | -2,881,005 |
| 01-Jan-2022 | GBP | -1,877,690 | 1,000,000 | 1,433,800 | -4,494,323 | -2,060,523 | |||
| 31-Dec-2021 | GBP | 3,332 | 13,100,445 | 1,881,022 | 2,972,589 | 1,000,000 | 1,433,800 | -4,494,323 | -2,060,523 |
| 31-Dec-2020 | GBP | 3,732 | 7,350,000 | 1,867,544 | 2,914,017 | 1,000,000 | 1,433,800 | -2,766,654 | -332,854 |
| 31-Dec-2019 | GBP | 63,084 | 6,499,613 | 1,578,785 | 2,856,333 | 1,000,000 | 1,433,800 | -2,197,477 | 236,323 |
| 31-Dec-2018 | GBP | 188,688 | 7,852,246 | 2,806,390 | 2,800,329 | 1,000,000 | 1,433,800 | -1,507,239 | 926,561 |
| 31-Dec-2017 | GBP | 154,626 | 7,664,325 | 4,607,721 | 2,745,417 | 732,000 | -1,507,440 | -775,440 | |
| 31-Dec-2016 | GBP | 77,319 | 3,067,734 | 4,910,868 | 2,691,585 | 732,000 | 732,000 |
VALUATION EVENTS (BETA)
| Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
|---|---|---|---|---|---|---|
| 31-Dec-2018 | GBP | 26.80% | 1,701,800 | 4,648,200 | 6,350,000 | 8,100,316 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
|---|---|---|---|---|---|---|
| Active | Daryl Haydn DAVIES | 20 Feb 2017 | 09 Dec 2024 | 1 - 0 | ||
| Resigned | Philip JONES | 30 May 2003 | 23 Oct 2015 | British | 0 - 1 | |
| Resigned | James Isaac SEARS | 17 Jun 1998 | 30 May 2003 | President Ceo | American | 2 - 1 |
| Resigned | Clive Malcolm BENNETT | 17 Jun 1998 | British | 0 - 3 |
DIRECTORS
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
|---|---|---|---|---|---|---|---|
| Active | Kent WICHELT | 29 Sep 2000 | Managing Director | American | 1 - 0 | 0 (0.0%) | |
| Resigned | Stephen Gavin SEARS | 24 Mar 1998 | 01 Dec 2000 | Manager Of Truck | American | 0 - 1 | 0 (0.0%) |
| Resigned | Elizabeth Sears WARE | 24 Mar 1998 | 01 Dec 2000 | Accountant | American | 0 - 1 | 0 (0.0%) |
| Resigned | Stephanie BOLDT | 24 Mar 1998 | 01 Dec 2000 | Teacher | American | 0 - 1 | 0 (0.0%) |
| Active | James Isaac SEARS | 22 Oct 1997 | President Ceo | American | 2 - 1 | 0 (0.0%) | |
| Resigned | Ronald L ELLIOTT | 20 Dec 1995 | 01 Sep 1999 | Vp Of Offroad | American | 0 - 1 | 0 (0.0%) |
| Resigned | Glenn W STEIGERWALT | 20 Dec 1995 | 01 Sep 1999 | Chief Financial Officer | American | 0 - 1 | 0 (0.0%) |
| Resigned | Richard Dean EVANS | 01 Jan 1994 | 01 Dec 2000 | Accountant | American | 0 - 1 | 0 (0.0%) |
| Resigned | Clive Malcolm BENNETT | 06 Apr 1998 | Accountant | British | 0 - 3 | 0 (0.0%) | |
| Resigned | Patricia Gavin SEARS | 01 Dec 2000 | Secretary | American | 0 - 1 | 0 (0.0%) | |
| Resigned | Isaac Weir SEARS | 01 Dec 2000 | Company President | American | 0 - 1 | 0 (0.0%) | |
| Resigned | Charles Arthur RUHL | 01 Dec 2000 | Real Estate | American | 0 - 1 | 0 (0.0%) | |
| Resigned | John Richard MANION | 01 Dec 2000 | American Chief Operations Officer | American | 0 - 1 | 0 (0.0%) | |
| Resigned | Louis John KOUTSKY | 01 Sep 1999 | Engineer | American | 0 - 1 | 0 (0.0%) | |
| Resigned | William Henry HULSEBUSCH | 11 May 1998 | Senior Vice President | American | 0 - 1 | 0 (0.0%) | |
| Resigned | Michael James HUGHES | 29 Sep 2000 | General Manager | British | 0 - 1 | 0 (0.0%) |
Average tenure of active directors: 25.7 years
Average tenure of resigned directors: 1.6 years
Average active director Dissolution Rate: 0.0%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
| Shareholder name | Share class | Shares at confirmation date | ||||
|---|---|---|---|---|---|---|
| 2019-02-15 | 2016-02-15 | 2015-02-15 | 2014-02-15 | 2013-02-15 | ||
| SEARS MANUFACTURING CO. | ORDINARY | 1,000,000 100% | 0 0% | 0 0% | 0 0% | 0 0% |
| SEARS MANUFACTURING COO. | ORDINARY | 0 0% | 732,000 100% | 732,000 100% | 732,000 100% | 732,000 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
SEARS MANUFACTURING CO. (EUROPE) LIMITED
no controlled companies
LATE PAYMENTS REPORT
This company has not filed any late payment reports possibly because it is not considered \'Large\'.
COURT CASES
No Court Cases found
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
30990 Manufacture of other transport equipment not elsewhere classified)
| Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
|---|---|---|---|---|---|---|
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| MERITOR HEAVY VEHICLE BRAKING SYSTEMS (UK) LIMITED | MERITOR, GRANGE ROAD, CWMBRAN, GWENT, NP44 3XU | 03640941 | 2017-12-31 | 119,982,000 | -2,672,000 | |
| HITACHI AUTOMOTIVE SYSTEMS UK LTD. | MIDDLEBROOK BUSINESS PARK, ASPINALL WAY, HORWICH, BOLTON, LANCASHIRE, BL6 6JH | 03302684 | 2018-03-31 | 83,175,000 | 3,477,000 | |
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| SEARS MANUFACTURING CO. (EUROPE) LIMITED | UNIT 42 RASSAU INDUSTRIAL ESTATE, RASSAU, EBBW VALE, GWENT, NP23 5SD | 01275439 | 2017-12-31 | 19,402,141 | 0 | |
| RHINO PRODUCTS LIMITED | RHINO HOUSE RHINO HOUSE, DEANS ROAD, ELLESMERE PORT, ENGLAND, CH65 4DR | 04734369 | 2018-04-30 | 11,668,496 | 0 | |
| TRICO LIMITED | DYKE YAXLEY LIMITED 1 BRASSEY ROAD, OLD POTTS WAY, SHREWSBURY, SHROPSHIRE, UNITED KINGDOM, SY3 7FA | 00234268 | 2017-12-30 | 11,233,000 | 0 | |
| DRIVELINE HOLDINGS LIMITED | 46 CHARLOTTE SQUARE, EDINBURGH, SCOTLAND, EH2 4HQ | SC428000 | 2017-10-31 | 449,169 | 0 | |
| FIELDS ENGINE SERVICE LIMITED | 15A STATION ROAD, EPPING, ESSEX, ENGLAND, CM16 4HG | 00624125 | 2018-03-31 | 144,610 | 0 |
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| ARGYLE ENGINEERING SERVICES LIMITED | 15 ARGYLE STREET, BURY, LANCASHIRE, BL9 5DX | 04774142 | 2018-03-31 | 65,504 | 0 | |
| RONIAN LTD | SUMMIT HOUSE, MITCHELL STREET, EDINBURGH, SCOTLAND, EH6 7BD | SC278833 | 2018-05-04 | 58,558 | 0 |
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| ALBERT MONTSERRAT DESIGN LIMITED | 10 HALKETTS HALL, LIMEKILNS, DUNFERMLINE, KY11 3HJ | SC451080 | 2018-05-31 | 56,046 | 0 | |
| PGJ EASTLAND INTERNATIONAL LIMITED | 3A PEACOCK ALLEY, LEIGHTON BUZZARD, UNITED KINGDOM, LU7 1HF | 10415805 | 2017-10-31 | 48,674 | 0 |
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| EXTRA FOOT LIMITED | 9 CLANBRASSIL GROVE, LURGAN, CRAIGAVON, NORTHERN IRELAND, BT66 6RU | NI617342 | 2018-03-31 | 45,604 | 0 | |
| RAYSTON ELECTRICAL LTD | CHADDESDEN ACCOUNTANTS LTD, 42A REGINALD ROAD SOUTH, CHADDESDEN, DERBY, UNITED KINGDOM, DE21 6NF | 10503279 | 2019-03-31 | 33,886 | 0 | |
| KD TUNING LTD | UNIT 7 ST LUKES COURT, CLARKE WAY, SWANSEA, WINCH WEN, ENGLAND, SA1 7ER | 10170706 | 2018-05-31 | 8,400 | 0 | |
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62020-Information technology consultancy activities 81299-Other cleaning services |
| EINSTEIN IDEAS LIMITED | 2 ST. LEONARDS ROAD, HARROGATE, NORTH YORKSHIRE, HG2 8NX | 07347687 | 2018-01-31 | 105 | 0 | |
| BLADE BIKELIGHTS LIMITED | 57 CARNARVON AVENUE, ENFIELD, LONDON, ENGLAND, EN1 3DU | 10638509 | 2019-05-04 | 0 | 0 | |
| STRAPMASTER LIMITED | NEWPORT HOUSE, NEWPORT ROAD, STAFFORD, STAFFS, ST16 1DA | 05928988 | 2018-03-31 | 0 | 0 | |
| MERITOR HOLDINGS UK LTD. | GRANGE ROAD, CWMBRAN, GWENT, UNITED KINGDOM, NP44 3XU | 10208076 | 0000-00-00 | 0 | 0 |
LIQUIDATION RISK (BETA)
This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
| Basis | Liquidation within 3 months | Liquidation within 6 months | Liquidation within 12 months | Prediction confidence |
|---|---|---|---|---|
| SEARS MANUFACTURING CO. (EUROPE) LIMITED | 0.7% | 3.6% | 7.1% | Medium |
| Other companies Active in the same sector | Too few competitors | |||
| Age | 0.4% | 1.4% | 2.7% | Medium |
| Company Type | 0.7% | 3.7% | 7.4% | Medium |
| Accounts category | 0.7% | 2.2% | 3.8% | Medium |
| Accounting Month | 0.6% | 2.4% | 5.5% | Medium |
| Sic code count | 0.7% | 3.5% | 7.0% | Medium |
