SHIP SHAPE SEARCH LTD Financials
- Company number
- 12762842CopyCopy
- Registered office
- Tramshed Tech Unit D, Pendyris Street, Cardiff CF11 6BH
- Incorporated
- 23/07/2020
Company snapshot
- Status
- Active
- Employees
- 2 (2025)
- Latest financial data
- 2025
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
69.80%vs 20242024: £-186.89K
Total Assets
-16.26%vs 20242024: £71.92K
Cash in Bank
3.11K%vs 20242024: £1.60K
Total Liabilities
-54.92%vs 20242024: £258.81K
Employees
0vs 20242024: 2
In 2025, SHIP SHAPE SEARCH LTD reported net assets of £-56.43K. The same filing shows total assets of £60.23K, cash in bank of £51.36K and total liabilities of £116.66K. Reported headcount was 2 in 2025. Total Liabilities fell from £258.81K in 2024 to £116.66K in 2025 (-54.92%). Okredo holds filed figures for 2021–2025; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
69.80%from £-186.89K in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures SHIP SHAPE SEARCH LTD filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
-589%vs 2023Cash in Bank
-49.1%vs 2023-28.7% a year compound (CAGR)
Total Assets
-57.6%vs 2023-34.9% a year compound (CAGR)
Total Liabilities
-10.6%vs 2023-5.4% a year compound (CAGR)
Employees
-71.4%vs 2023-5Biggest decrease
Net Assets-589%
£11.55K in 2023 to £-56.43K in 2025
Every indicator Okredo holds for SHIP SHAPE SEARCH LTD fell between 2023 and 2025. The steepest fall came in net assets, pointing to a weakening balance sheet, with cash in bank, total assets, total liabilities and employee numbers falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from SHIP SHAPE SEARCH LTD's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- -93.69%2025
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 193.69%2025
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 44.03%2025
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 85.28%2025
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for SHIP SHAPE SEARCH LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | -36.26K | -151.67K | 11.55K | -186.89K | -56.43K |
| Total Assets£ | 70.29K | 131.25K | 142.00K | 71.92K | 60.23K |
| Cash in Bank£ | 40.01K | 2.39K | 100.96K | 1.60K | 51.36K |
| Total Liabilities£ | 106.55K | 282.91K | 130.45K | 258.81K | 116.66K |
| Employees | 6 | 7 | 7 | 2 | 2 |
SHIP SHAPE SEARCH LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for SHIP SHAPE SEARCH LTD covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
SHIP SHAPE SEARCH LTD reported net assets of £-56.43K for 2025. That compares with £-186.89K in 2024, a change of 69.80%.
SHIP SHAPE SEARCH LTD reported total assets of £60.23K for 2025. That compares with £71.92K in 2024, a change of -16.26%.
SHIP SHAPE SEARCH LTD reported cash in bank of £51.36K for 2025. That compares with £1.60K in 2024, a change of 3.11K%.
SHIP SHAPE SEARCH LTD reported 2 employees in 2025, compared with 2 in 2024.
Between 2023 and 2025, SHIP SHAPE SEARCH LTD's net assets fell by 589%, cash in bank fell by 49.1%, total assets fell by 57.6% and total liabilities fell by 10.6%. Cash in bank contracted at 28.7% a year across the two years to 2025, from £100.96K to £51.36K. Reported headcount went from 7 in 2023 to 2 in 2025 (-5).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.