Flexsea Ltd

Flexsea Ltd is a small, active company based in London, UK, founded four years ago in 2021. With a real registered address and four directors, it employs just four people and holds £1,007,081 in assets. The company is a regular importer, specializing in machinery, boilers, and mechanical appliances – parts, with the latest import activity occurring in August 2024. It’s a solo-founded venture with two owners, though the list of owners is not exhaustive.

The company’s website reveals a fascinating dual focus. Flexsea operates in both bioplastic production and biotechnology, dedicating itself to creating sustainable processes utilizing seaweed biomass. It offers injection moulding, 3D printing, and cosmetic ingredient services, alongside educational content and news updates. The site highlights recent partnerships and innovations, including a SMART grant for seaweed-derived packaging solutions and successful compostability testing for injection moulding pellets. It’s a clear focus on innovation and sustainability, with a newsletter signup to “The Harvest.”

Financially, Flexsea Ltd presents a mixed picture. Cash reserves have increased significantly by 140% to £270,000, which is good news. However, net losses have deepened considerably, increasing by 320% to -£1,000,000. Trade debtors have also surged by a staggering 9700%, reaching £730,000, which could indicate difficulties in collecting payments. While creditors have decreased by 88%, this may be a temporary effect. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial equity drop warrants attention. The lack of an auditor (likely exempt as a small company) means the figures are unaudited.

Overall, Flexsea Ltd is showing signs of rapid growth but also facing financial pressures. The company's focus on sustainable biotechnology and bioplastics is promising, but it will need to manage its debtors and control losses to ensure long-term viability.

Registered in England/Wales under the registration number 13361850, with a registered address at EC2A 4NE, England, London, Flexsea Ltd 3rd Floor, 86-90 Paul Street.

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