Soterra Ltd

Soterra Ltd, based in London, UK, is a small, active company established 43 years ago. With four employees and £301,181 in assets, it’s a long-standing business with a real address and three directors, overseen by a solo founder, Whitten Roger. The company regularly imports plastics and plastic products – 34 months of import activity recorded – but only occasionally exports iron or steel products, with just one month of export activity as of May 6 2022.

The company’s website, hellosoterra.co.uk, positions Soterra as a responsible distributor, importer, and exporter focused on sustainability within the supply chain. They offer sourcing and distribution services, provide education supplies to schools, and even offer a book covering service to libraries and schools. It’s clear they are targeting a niche market focused on ethical and sustainable practices.

Financially, Soterra Ltd presents a mixed picture. Current assets have decreased by 5.2% to £300,000, and net assets have fallen by 23% to £110,000. Bank borrowings have dramatically increased by 380%, reaching £58,000, while cash reserves have plummeted 89%, leaving just £10,000. Creditors have also risen sharply, increasing by 220%. The company’s small size – meeting two of three conditions for a small company – allows for flexibility, but the significant drop in equity and cash reserves indicates potential financial strain. There is no mention of an auditor, which is common for small companies. Amounts owed to directors have increased substantially, from £290 to £19,000, which is something to keep an eye on.

Overall, Soterra Ltd appears to be navigating a challenging period. While its focus on sustainability and niche services may offer long-term potential, the company needs to address its declining financial metrics to ensure its continued success.

Registered in England/Wales under the registration number 01612385, with a registered address at N21 1HS, England, London, C/O Mostons, 29 The Green, Winchmore Hill.

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