Silverstream (uk) Limited

Silverstream Technologies, based in Nottingham, UK, is a small, active company established 27 years ago. With just two employees and £1,314,696 in assets, it operates from a virtual address – a detail flagged by the presence of 104 companies registered at the same location. The business is led by two directors and has one owner, Gray Timothy Richmond. It holds a stellar 5.0 Google rating based on seven reviews. Silverstream is a regular importer, specializing in electrical machinery and equipment, with recent activity recorded in October 2024.

The company’s website reveals a fascinating focus: air lubrication technology for the shipping industry. Silverstream develops and installs systems that reduce fuel consumption and emissions for vessels, partnering with major players like Carnival Corporation, Shell, and Grimaldi Group. The site is packed with technical details, customer testimonials, and research data, showcasing a commitment to innovation and sustainability. It’s not an e-commerce site; instead, it functions as a marketing platform, highlighting the benefits of its specialized technology and attracting potential clients.

Financially, Silverstream presents a mixed picture. While cash reserves decreased by 32%, dropping to £570,000, debtors increased by 20%, reaching £330,000. Current assets also saw a 14% drop to £1,300,000. Investment property remained steady at £5,300,000. The company’s small size – meeting two of three criteria for a small company – allows for agility, but the decrease in cash and increase in debtors might indicate some cash flow pressures. Depreciation charges for motor vehicles increased significantly, by 17%, which could be due to investments in equipment. No auditor is mentioned, consistent with its status as a small company exempt from an audit. The company’s focus on a niche market and its strong partnerships suggest a long-term strategy, even if short-term financials are a little tight.

Registered in England/Wales under the registration number 03527084, with a registered address at NG12 4DG, United Kingdom, Landmere Lane, Edwalton, Nottingham, Unit 4a, Langley House, Wheatcroft Business Park.

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