Searo Labs Ltd

Searo Labs Ltd, based in Cambridge, UK, is a small, active company founded two years ago. With three employees and £1,013,980 in assets, it's a relatively young enterprise. The company has two directors and two owners, and boasts a perfect 5.0 Google rating based on a single review. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances—parts, with the latest import activity occurring just one month ago.

Searo Labs’ website reveals a fascinating mission: to replace single-use plastic with seaweed-based materials. The company’s core product is a seaweed-based flexible film, marketed as a sustainable alternative to plastic. They’re targeting a broad range of applications, from packaging to industrial components, and emphasize the film's biodegradability and natural origins. The site highlights partnerships with PA Consulting and showcases media coverage in publications like Packaging Europe and Food Navigator Europe, suggesting a focus on scaling up production and gaining industry recognition. They’re clearly positioning themselves as innovators in the sustainable materials space.

Financially, Searo Labs presents a mixed picture. While current assets have decreased by 48% to £1,000,000, net assets have fallen a more significant 36% to £1,300,000. Bank cash has also dropped considerably, down 49% to £980,000. However, creditors have also decreased by 17%, which could indicate improved management of short-term liabilities. The company’s employee numbers have increased dramatically, from three to nine—a 200% increase—suggesting rapid expansion. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in equity and increase in employee numbers could be burning through cash. No auditor is mentioned, likely due to the company’s small size.

Registered in England/Wales under the registration number 14262205, with a registered address at CB4 0WS, England, Cambridge, St Johns Innovation Centre, Cowley Road.

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