Shearwater Geoservices Limited

Shearwater Geoservices Limited, based in Gatwick, UK, is a large, holding company with an active status. Established fourteen years ago in December 2010, the company employs 144 people and holds assets totaling £55,746,932. It has a real address and is managed by two directors and one owner, boasting a stellar 5.0 Google rating based on four reviews. The company regularly imports electrical machinery and equipment, with 37 months of import activity, and exports machinery, boilers, and mechanical appliances, with 77 months of export activity.

The company’s website paints a picture of a global marine geoscience and technology business. Shearwater Geoservices focuses on using groundbreaking technology to study the ocean floor, helping energy companies plan ahead and responsibly use resources. The site highlights its commitment to sustainability, noting 127.3 tonnes of marine debris collected and a 26% reduction in carbon intensity since 2019. The company offers exploration, production, storage, and new energy solutions, emphasizing its unparalleled geoscience expertise, innovative technology, and collaborative approach. It also provides seismic stories and case studies, showcasing its deep experience in the field.

Financially, Shearwater Geoservices Limited’s recent report reveals some concerning trends. Accrued liabilities decreased significantly, falling by 81% to £3.9 million, while computer equipment depreciation increased by 16%. Cash and cash equivalents, however, surged by an impressive 1600% to £17 million. Despite this, net assets decreased by 44% to £24 million, and net losses deepened to -£14 million. Trade debtors plummeted by a substantial 92%, indicating potential issues with customer payments, and bank borrowings increased by 2,400%. The company’s large size (meeting two of three criteria for a large company) suggests it’s navigating a complex market, but the decrease in equity raises questions about its long-term financial health. The report was audited by PHH Accountancy Limited, providing a level of assurance to stakeholders.

While the company's website showcases a commitment to innovation and sustainability, the financial data suggests it's facing challenges. The surge in cash reserves is a positive sign, but the decline in net assets and increased losses warrant close monitoring.

Registered in England/Wales under the registration number 07474273, with a registered address at RH6 0PA, England, Gatwick, West Sussex, 2 City Place Beehive Ring Road, London Gatwick Airport.

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