Shields Environmental Limited

Shields Environmental Ltd, based in South Ockendon, UK, is a large, active company founded 45 years ago in 1979. Boasting 75 employees and £7.285 million in assets, it’s a holding company with a real address and a solid Google rating of 4.0 based on ten reviews. The company is led by one director and owned by Shields Environmental Group Holdings Ltd. It regularly imports and exports electrical machinery and equipment, with 124 months of import activity and 57 months of export activity.

The company operates in the telecommunications activities industries. Its website is not available, so it’s difficult to determine if it’s an e-commerce business.

Financially, Shields Environmental Ltd shows some concerning trends. Current assets decreased by 12% to £7.3 million, while net assets fell by 37% to £1.4 million. Bank borrowings increased significantly by 2,400% to £360,000, and cash reserves plummeted 100% to zero. On a brighter note, creditors decreased by 39%, suggesting improved debt management. The company meets two of three criteria to be considered large, with turnover exceeding £36 million, balance sheet total over £18 million, and more than 250 employees. The audit firm, Moore Kingston Smith LLP, conducted the audit, and the financial statements were prepared using FRS 102.

The significant drop in cash reserves and increase in bank borrowings are worrying, suggesting the company might be burning through money. However, the decrease in creditors indicates efforts to manage debt. The company's long history and continued import/export activity suggest resilience, but the financial data warrants close monitoring.

Registered in England/Wales under the registration number 01444121, with a registered address at RM15 4YE, South Ockendon, Essex, Shields Environmental Ltd Kerry Avenue, Aveley.

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