Shellworks Group Ltd

Shellworks Group Ltd, based in London, UK, is a small holding company with an active status. Established five years ago in 2019, it employs eleven people and holds £2,450,656 in assets. The company has a real address and is managed by two directors and one owner. Shellworks Group Ltd regularly imports machinery, boilers, and mechanical appliances, parts, for ten months, with the last import operation in December 2024. It also exports plastics and plastic products for seven months, with the last export in December 2024.

The company’s website showcases a focus on sustainable packaging solutions, branding itself as “Shellworks Sustainable packaging for a better future.” It highlights a material called Vivomer, described as “if nature made plastic,” and emphasizes its compostable nature. The site details partnerships with various companies and offers a “Discovery Set” for potential clients to experience Vivomer products firsthand. The website’s layout suggests a modern, e-commerce-driven approach, with a focus on marketing and branding.

Financially, Shellworks Group Ltd presents a mixed picture. While turnover is not explicitly stated, the company’s assets have decreased by 45% to £2,300,000. Cash reserves have taken a significant hit, dropping 75% to £1,000,000. Trade debtors have increased substantially, rising 170% to £740,000, which could indicate challenges in collecting payments. However, creditors have also decreased by 41%, suggesting improved management of short-term liabilities. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decline in equity to -£3,000,000 is concerning. No auditor is mentioned, so the financial statements are unaudited.

Overall, Shellworks Group Ltd appears to be navigating a period of financial pressure, despite its focus on a promising sustainable product. The company’s ability to maintain its growth trajectory will likely depend on its success in converting marketing efforts into sales and effectively managing its cash flow.

Registered in England/Wales under the registration number 12131588, with a registered address at N4 1LZ., England, London, Unit 2 Crusaders Industrial Estate, 167 Hermitage Road.

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