Shower Seal Limited

Shower Seal Limited is a small, active family business based in Magherafelt, Northern Ireland, founded fourteen years ago in 2011. With two directors and two owners, the company employs just two people and holds £223,380 in assets. It operates an e-commerce site selling shower screen spares, including seals, rollers, and handles—a niche market catering to both consumers and businesses. The company regularly imports miscellaneous metal items, with five months of import activity recorded as of October 2024.

The company's website highlights its position as the UK’s largest supplier of shower door and bath screen parts, emphasizing the ability to rejuvenate showers and prolong their lifespan. It offers a wide range of products, including various seal thicknesses, roller types, and handles, with a focus on quality and availability. The site also features a blog with helpful tips and advice on shower maintenance and repair.

Financially, Shower Seal Limited shows some concerning trends. While cash reserves increased significantly to £42,000, net assets decreased by 23% to £80,000. Bank borrowings increased by 120% to £69,000, and current assets dropped by 7.2% to £220,000. Creditors also increased substantially, rising 50% to £120,000 within one year. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The absence of an auditor (likely exempt due to its size) means the figures are unaudited.

Overall, Shower Seal Limited appears to be navigating a period of financial pressure, despite its strong market position and online presence. The increase in bank borrowings suggests a need for working capital, while the decline in net assets raises questions about long-term sustainability.

Registered in Northern Ireland under the registration number NI606333, with a registered address at BT45 5HH, Magherafelt,, Co. Londonderry, 6 Roshure Road.

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