Shred-tech (uk) Ltd

Shred-Tech (UK) Ltd, based in Wilstead, Bedford, is a small, active holding company established eight years ago. Employing just four people and overseen by five directors, the company operates from a real address within an industrial park. It’s owned by Shred Tech Corporation, and regularly imports machinery, boilers, and mechanical appliances – parts, with 43 months of import activity recorded as of July 2024. Export activity is less frequent, spanning just two months as of February 2024. The company’s primary activity is the manufacture of other general-purpose machinery.

The company’s website showcases a range of industrial shredding solutions, including collection trucks, industrial shredders, and slow-speed shredders. It caters to diverse applications, from battery shredding to wood processing, and even offers custom solutions. The site also highlights financing options and a blog with helpful resources for those starting a shredding business.

Financially, Shred-Tech (UK) Ltd presents a mixed picture. While fixed assets increased significantly—by 440% to £140,000—net assets and liabilities have worsened, falling by 61% to -£1.1 million. Prepayments and accrued income have risen to £73,000, which is a change. Bank borrowings are also up, which could be a sign of the company needing to borrow money. The company’s small size—meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—allows for flexibility, but the decline in equity is a concern. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Shred-Tech (UK) Ltd appears to be navigating a challenging financial landscape, despite its strong market presence and diverse product offerings. It’s possible that the company is investing in growth, which could explain the increased borrowing and decreased equity, but further investigation would be needed to confirm this.

Registered in England/Wales under the registration number 10215581, with a registered address at MK45 3PD, England, Wilstead, Bedford, Bedfordshire, Unit 3 Kenneth Way, Wilstead Industrial Park.

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