Shergold concentrated on guitar production until 1982, when a downturn in the guitar market (especially for home grown instruments) meant that they returned to general custom joinery producing furniture, and only undertaking guitar work on a custom order basis. In 1983, Norman left the company to emigrate to Australia, but would return to the country (but not to Shergold) within a few years. In 1991, Jack began making new Shergold guitars - the Limited Edition Masquerader - due to a rising interest at that time in British guitars from the 1970s. This revival was short lived, as Jack died in 1992. The Shergold company closed shortly afterwards.
Shergold had an eye for innovation - pioneering features that would be used by other manufacturers (bi-directional truss rod, semi through body neck joint on the Cavalier), and others that have surprisingly been forgotten (interchangeable control electronics on the Modulator series). These features were always tempered by a tendency towards clumsy styling - bodies were slab sided, the juxtaposition of arcane Blackletter script on modern instruments, and the quirky logo of a man carving a guitar body all contribute to a style that was often criticised by contemporary reviews, but now has an authentically 1970's retro feel.