PACIFIC SHELF 1855 LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As at 31 December 2024, the group made a loss after tax of £27.4m (2023 - £27.6m). The directors have considered the current market conditions, trading post year end and the liquid resources available to the group and obtained a letter of support from the parent undertaking Auctane Parent, LP. The letter of financial support from the ultimate parent undertaking indicated that the group will be provided with the necessary financial support, being at least 12 months from the date of approval of the financial statements. On the basis of their assessment of the group's financial position and of enquiries made of the directors of the ultimate parent undertaking, the group's directors have a reasonable expectation that the group will be able to continue in operational existence and meet its liabilities as they fall due for the foreseeable future. Accordingly, the continue to adopt the going concern basis in preparing these financial statements.”

Group structure

1. PACIFIC SHELF 1855 LIMITED · parent
   1. Auctane Limited 100% · UK · Software sales
   2. Metapack Germany GmbH 100% · Germany · Software sales
   3. Auctane Poland Sp. Z.o.o. 100% · Poland · Software development
   4. Packlink Shipping SL 100% · Spain · Software sales

Significant events

• “In the prior year, on the 27 June 2023, Auctane Limited acquired 100% of the share capital of Shipstation Limited and its subsidiary (Auctane S.L.U) from a fellow group company. Following this acquisition, Shipstation Limited transferred its holding of Auctane S.L.U to Auctane Limited. Shipstation Limited was then dissolved.”
• “The total consideration was £298,221,000 and was satisfied by the issue of share capital. This was funded through an issue of one share at a premium of £299,603,447.”
• “Turnover has increased by £83.3m due to the purchase of the Packlink brand in June 2023 and this being the first full year of it's revenue that has been included.”
• “On 9 January 2024, Shipstation Limited was dissolved.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +68.1%

  £123,105,000 → £206,968,000

• Cash

  +14.4%

  £21,996,000 → £25,162,000

• Net assets

  -8.2%

  £340,945,000 → £312,924,000

• Employees

  -5.5%

  527 → 498

• Operating profit

  +1.2%

  -£32,587,000 → -£32,193,000

• Profit before tax

  +1.2%

  -£34,256,000 → -£33,839,000

• Wages

  -4.3%

  £24,274,000 → £23,226,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers