Fishy Filaments Limited

Fishy Filaments Ltd from Penryn UK: small company, active status, founded 7 years ago, 1 employee, £32,966 assets, virtual address, 2 directors, 1 owner. Irregular importer of machinery, boilers, and mechanical appliances; parts (1 months imported). Irregular exporter of iron and steel (1 months exported). It’s a small, active company operating in the manufacture of other plastic products, with a focus on transforming end-of-life fishing nets into high-quality materials. Founded seven years ago, the company is based in Cornwall, though its registered address is a virtual one shared by eighty-two other companies. With just one employee and £32,966 in assets, it’s a lean operation run by two directors and a single owner, Falconer Ian Keith.

The company’s website highlights its innovative process of recycling nylon fishing nets into PA6 plastic, used in everything from sunglasses to racecars. It’s a circular economy model, recovering and recycling discarded nets to reduce waste and contribute to sustainable manufacturing. The website showcases filament and pellets for sale, and encourages customers to get in touch via email or a contact form. It’s a niche business, clearly targeting environmentally conscious customers and industries.

Financially, Fishy Filaments Ltd shows a mixed picture. Current assets have plummeted by a significant 67%, dropping to £33,000, while net assets have also decreased, falling to £96,000. Cash reserves have also taken a hit, decreasing by 79% to just £19,000. Creditors have increased, suggesting the company may be relying on short-term financing. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There’s no mention of an auditor, which is likely due to its small size. The company’s small size helps it stay agile, but the sharp decline in assets raises questions about its financial health. It’s probably a bit too much to say that the company is burning through money, but it’s certainly not sitting on a pile of cash.

Registered in England/Wales under the registration number 10849461, with a registered address at TR10 8GZ, United Kingdom, Penryn, Cornwall, The Warehouse, Anchor Quay.

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