Shore Projects International Ltd

Shore Projects International Ltd, based in London, UK, is a small, active company founded nine years ago. With a single employee and £35,187 in assets, it operates from a virtual address – a detail flagged by the fact 357 companies share the same location. The company has one director and two owners, and currently holds a 3.0 rating on Google based on nine reviews. It's a regular importer of clocks, watches, and their parts (8 months of import activity), but an irregular exporter (just 1 month of exports).

The company’s website, Shore Projects, showcases a range of watches and straps, emphasizing a seaside-inspired aesthetic. The site offers checkout in multiple currencies, and highlights the brand’s commitment to quality and timeless design. It also features a collaboration with Sommer Ray, suggesting a focus on contemporary trends. The website's blog content reinforces the brand's expertise in watch design and provides insights into the company's philosophy.

Financially, Shore Projects International Ltd presents a mixed picture. Current assets have decreased by 15% to £35,000, while net assets have fallen by a slight 0.43% to -£86,000. Bank borrowings have increased by 2.5% to £4,200, and cash reserves have dropped significantly by 42% to £6,500. Debtors have decreased by a substantial 49%, and creditors have also fallen by 26%. The company’s small size—meeting two of three conditions for a small company—allows for flexibility, but the decline in equity is concerning. As a small company, it is exempt from an audit, so the figures are unaudited.

In short, Shore Projects International Ltd is facing some financial headwinds. While the brand's website and product offerings suggest a solid foundation, the declining equity and reduced cash reserves indicate a need for careful management. It’s a small business trying to make a splash in a competitive market.

Registered in England/Wales under the registration number 10080729, with a registered address at N14 6NZ, England, London, Solar House, 282 Chase Road.

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