Shoreline Energy Ltd

Shoreline Energy Ltd, based in London, UK, is a small holding company with an active status. Founded six years ago in May 2018, the company employs just one person and holds £49,573 in assets. It operates from a virtual address, registered with 128 other companies, and is managed by one director and one owner. The company regularly imports toys, games, and sports equipment, with five months of import activity recorded, the last operation made in October 8 2022.

The company’s operations encompass a wide range of activities, including wholesale trade of motor vehicle parts and accessories, acting as agents for various goods, and retail sales of sports equipment, fishing gear, camping goods, boats, and bicycles. It also engages in other retail sales within non-specialized stores. While it has a website, it doesn's appear to be actively used for e-commerce. Instead, it serves as an informational hub, detailing the company's diverse business lines.

Financially, Shoreline Energy Ltd presents a mixed picture. Accumulated depreciation has increased by 45%, while cash bank on hand has plummeted by a staggering 91%, leaving just £810. Creditors have decreased significantly, with a 100% drop in liabilities due within one year, but liabilities due after one year have also fallen by 18%. Current assets have halved to £50,000, and trade debtors have decreased by 77%. Equity has also declined by 9.7%, resulting in net assets and liabilities of -£240,000. The company meets two of three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. It's unaudited accounts, exempt due to its small size, rely on director-reported data.

The sharp decline in cash reserves and current assets, alongside the negative equity, suggests the company is burning through money. While the decrease in creditors indicates improved debt management, the overall financial trends raise concerns about its long-term viability. The lack of mention of an auditor further limits transparency. Despite these challenges, the company’s diverse business lines and active import activity demonstrate a continued effort to generate revenue, but whether this can offset the financial pressures remains to be seen.

Registered in England/Wales under the registration number 11373742, with a registered address at NW11 8ED, United Kingdom, London, 8b Accommodation Road, Golders Green.

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