Shield Batteries Limited

Shield Batteries Limited, based in Hertfordshire, UK, is a small, holding company with an active status. Established 51 years ago in 1973, the company employs 28 people and holds assets valued at £5,008,658. It has five directors and one owner, and operates from a real address shared by three other companies. The business regularly imports and exports electrical machinery and equipment, with 196 months of import activity and 23 months of export activity recorded.

The company's website is unavailable, making it difficult to assess its online presence and e-commerce activities. However, financial data suggests a company navigating a complex situation. While current assets remain stable at £5,000,000, a concerning trend is the decrease in net assets, which fell by 2.8% to £3,700,000. Bank borrowings increased by 12%, reaching £490,000, while cash reserves fell by 32%, dropping to £550,000. Creditors also decreased by 18%, indicating a better management of debt. The company's small size, meeting two of three conditions for being a small company, allows it to remain agile.

The company’s financial data reveals a mixed picture. While turnover is not explicitly stated, the company's assets and employee count suggest a modest scale of operations. The increase in bank borrowings and decrease in cash reserves could indicate a need for additional funding or a period of tight cash flow. The decrease in creditors suggests a focus on managing liabilities. It’s worth noting that the company is exempt from an audit due to its small size, so the financial information is unaudited.

Overall, Shield Batteries Limited appears to be a long-standing business facing some financial pressures, but it’s also demonstrating a focus on managing debt. The company’s ability to maintain its import and export activities, despite these challenges, suggests a resilient business model.

Registered in England/Wales under the registration number 01114834, with a registered address at CM23 2BT, Hertfordshire, 277 Stansted Road, Bishops Stortford.

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