Biome Algae Ltd

Biome Algae Ltd, based in North Shields, UK, is a small, holding company with an active status. Founded six years ago in 2018, the company employs seven people and holds £63,909 in assets. It operates from a virtual address – fifteen companies are registered at the same location – and is led by one director and one owner. The company is an irregular importer, with its top import category being Ships, Boats, and Floating Structures, totaling one month of imports, the last operation was conducted on November 01, 2022.

The company's website showcases a focus on seaweed farming and processing, operating since 2020. Biome Algae produces whole seaweed and extracts for market sectors, emphasizing sustainability and ESG principles. It's positioned as an industry leader, establishing standards and embracing innovation, with a focus on research and development. The company also actively supports coastal communities through education, research, training, and local business support. They operate from two addresses in Devon and Cornwall, and have a phone number listed.

Financially, Biome Algae Ltd presents a mixed picture. Current assets have plummeted by 70%, dropping to £64,000, while net assets have also decreased significantly, now at -£880,000. Bank borrowings have increased by 49%, reaching £30,000, and cash reserves have fallen sharply to just £42. Creditors have remained stable at £700,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) contributes to its agility, but the substantial equity decline suggests potential financial pressures. With no auditor mentioned, the figures rely on unaudited statements.

The company’s focus on marine aquaculture and its commitment to sustainability seem promising, but the financial data indicates a need for careful management. The sharp drop in assets and the negative equity raise concerns about its long-term viability, though it's possible this is typical for a company in its early stages.

Registered in England/Wales under the registration number 11399444, with a registered address at TQ9 6EW, England, Totnes, Devon, Westridge House, Harberton.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.