Shields Protection Ltd

Shields Protection Ltd, based in London, UK, is a small, active company founded four years ago. With nine employees and £725,714 in assets, it operates from a virtual address – a detail flagged by the registration of 797 other companies at the same location. The company is led by two directors and a single owner, who also serves as the solo founder. It regularly imports clothing and accessories, not knitted or crocheted, with 13 months of import activity recorded, the latest in October 2023.

The company’s website, davidshieldsprotection.com, showcases a range of protection products, including masks, gloves, hand sanitiser, and tunnel scanners. It appears to be primarily an online retailer, catering to both individual consumers and businesses seeking PPE and hygiene essentials. The site emphasizes high-quality products and fast customer support, suggesting a focus on e-commerce sales.

Financially, Shields Protection Ltd presents a mixed picture. Cash bank on hand has fallen by nearly half, dropping to £98,000, while current assets have decreased by 45% to £730,000. Trade debtors have also fallen, suggesting better management of customer payments. However, creditors have decreased by 40%, and net assets have plummeted 120% to a negative £34,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises concerns. Bank borrowings have increased by 100% to £80,000, and the company has taken on additional debt between two and five years. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Shields Protection Ltd is facing financial pressures. The company's focus on PPE sales, particularly through its online platform, suggests a response to ongoing demand—but the declining equity and increasing debt indicate a need for careful management.

Registered in England/Wales under the registration number 12967638, with a registered address at W1G 0PW, United Kingdom, London, 14th Floor 33 Cavendish Square.

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