SEARS MANUFACTURING CO. (EUROPE) LIMITED
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Cash
£127K
+26.4% highest in 4 filed years
Net assets
-£2.5M
-40.3% vs 2023
Employees
134
+4.7% highest in 4 filed years
Profit before tax
-£731K
-168.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £22,913,704 | — | £30,876,651 | £21,118,314 | -31.6% | |
| Operating profit | -£1,606,350 | — | £1,380,434 | -£472,095 | -134.2% | |
| Profit before tax | -£1,727,669 | -£820,482 | £1,068,632 | -£730,829 | -168.4% | |
| Net profit | -£1,727,669 | -£820,482 | £1,068,632 | -£730,829 | -168.4% | |
| Cash | £3,332 | £2,245 | £100,611 | £127,143 | +26.4% | |
| Total assets less current liabilities | — | £412,829 | £1,657,949 | £1,052,768 | -36.5% | |
| Net assets | — | -£2,881,005 | -£1,812,373 | -£2,543,202 | -40.3% | |
| Equity | -£2,060,523 | -£2,881,005 | -£1,812,373 | -£2,543,202 | -40.3% | |
| Average employees | 100 | 113 | 128 | 134 | +4.7% | |
| Wages | £2,825,845 | £3,069,206 | £3,691,254 | £3,844,553 | +4.2% | |
| Directors' remuneration | — | — | £0 | £0 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | -7.0% | — | 4.5% | -2.2% | |
| Net margin | -7.5% | — | 3.5% | -3.5% | |
| Return on capital employed | — | — | 83.3% | -44.8% | |
| Gearing (liabilities / total assets) | — | — | 115.3% | 125.5% | |
| Current ratio | — | — | 1.09x | 1.02x | |
| Interest cover | -13.24x | — | 4.35x | -1.79x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- SEARS MANUFACTURING CO. (EUROPE) LIMITED 1983-04-19 → present
- SEARS-CMS SEATING LIMITED 1976-09-01 → 1983-04-19
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA Audit Services LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe that preparing the financial statements on the going concern basis is appropriate due to the continued support of the ultimate parent company, Sears Manufacturing Inc. The directors have received confirmation that Sears Manufacturing Inc intends to support the company for a period of at least one year after these financial statements have been signed.”
Significant events
- “There have been no significant events affecting the Company since the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAVIES, Daryl Haydn | Secretary | 2017-02-20 | — | — |
| SEARS, James Isaac | Director | 1997-10-22 | Dec 1967 | American |
| WICHELT, Kent | Director | 2000-09-29 | Feb 1965 | American |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENNETT, Clive Malcolm | Secretary | — | 1998-06-17 |
| JONES, Philip | Secretary | 2003-05-30 | 2015-10-23 |
| SEARS, James | Secretary | 1998-06-17 | 2003-05-30 |
| BENNETT, Clive Malcolm | Director | — | 1998-04-06 |
| BOLDT, Stephanie | Director | 1998-03-24 | 2000-12-01 |
| ELLIOTT, Ronald L | Director | 1995-12-20 | 1999-09-01 |
| EVANS, Richard Dean | Director | 1994-01-01 | 2000-12-01 |
| HUGHES, Michael James | Director | — | 2000-09-29 |
| HULSEBUSCH, William Henry | Director | — | 1998-05-11 |
| KOUTSKY, Louis John | Director | — | 1999-09-01 |
| MANION, John Richard | Director | — | 2000-12-01 |
| RUHL, Charles Arthur | Director | — | 2000-12-01 |
| SEARS, Isaac Weir | Director | — | 2000-12-01 |
| SEARS, Patricia Gavin | Director | — | 2000-12-01 |
| SEARS, Stephen Gavin | Director | 1998-03-24 | 2000-12-01 |
| STEIGERWALT, Glenn W | Director | 1995-12-20 | 1999-09-01 |
| WARE, Elizabeth Sears | Director | 1998-03-24 | 2000-12-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sears Manufacturing Co | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 153 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-24 | AA | accounts | Accounts with accounts type full | |
| 2025-09-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-08 | CH01 | officers | Change person director company with change date | |
| 2024-04-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-27 | AA | accounts | Accounts with accounts type full | |
| 2024-03-22 | CH01 | officers | Change person director company with change date | |
| 2023-09-25 | AA | accounts | Accounts with accounts type full | |
| 2023-03-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-13 | AA | accounts | Accounts with accounts type full | |
| 2022-02-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-07 | AA | accounts | Accounts with accounts type full | |
| 2021-03-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-17 | AA | accounts | Accounts with accounts type full | |
| 2020-06-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2020-02-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-03-08 | AA | accounts | Accounts with accounts type full | |
| 2019-02-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2018-12-18 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.