SHERWOOD STAINLESS AND ALUMINIUM LTD

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -5.2%

  £37,612,223 → £35,656,672

• Cash

  +26.2%

  £512,555 → £646,884

• Net assets

  -9.8%

  £9,729,238 → £8,777,906

• Employees

  +12.8%

  203 → 229

• Operating profit

  -125.6%

  £1,989,037 → -£509,023

• Profit before tax

  -147.1%

  £1,699,144 → -£799,704

• Wages

  +11.6%

  £6,954,773 → £7,759,894

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. SHERWOOD STAINLESS AND ALUMINIUM LTD 2018-05-01 → present
2. SHERWOOD STAINLESS STEEL (SERVICE CENTRE) LIMITED 1990-01-24 → 2018-05-01
3. GORONO LIMITED 1989-08-09 → 1990-01-24

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Jordan & Company

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”

Group structure

1. SHERWOOD STAINLESS AND ALUMINIUM LTD · parent
   1. Neville Precision Engineering Limited 100% · England · complete solutions for the supply of long length CNC.
   2. UB Plastics Limited 50% · England · plastic injection moulding company manufacturing specialised products for a diverse range of industries.
   3. A&S Holdings Burton Limited 100% · England · dormant holding company.

Significant events

• “The business faced several external challenges, including wage, energy, tariff and interest rate pressures.”
• “Investment in new business creation, capability, skills, capacity, processes and efficiency... provide the foundations for future profitable growth and a platform for future business success.”
• “Sherwood made massive strides in its digitisation, with the implementation of a new, world class, Enterprise Resource Planning (ERP) software.”
• “Transformed its cyber security capabilities with a new external IT provider being engaged... now more cyber-secure and data driven than at any time in its history.”
• “A new, state of the art, powder coating paint line was commissioned... enabling the business to take on technically and logistically challenging work.”
• “Introduction of significant skills and capability, through investment in new people, training, and equipment all aimed at driving productivity and efficiency.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.