E Foil Uk Ltd

E Foil Uk Ltd, based in Ilfracombe, UK, is a small, active company founded four years ago. With four employees and £61,322 in assets, it operates as an irregular importer of toys, games, and sports equipment, with the last import activity occurring two months ago in June 2021. The business is led by four directors and owned by Thompson Simon John. It has a real address and is registered with Companies House.

The company’s website, eFoil UK, showcases Lift Foils eFoils—electric hydrofoils—and related accessories. It's clearly an authorized UK retailer and demo centre, offering a range of boards, wings, and safety equipment. The site emphasizes high-performance products and caters to both beginners and experienced riders, with options for customization and even coaching. It's an e-commerce business, with a focus on selling directly to consumers.

Financially, E Foil Uk Ltd presents a mixed picture. While cash bank has increased by 25% to £12,000, net assets have significantly decreased by 44% to -£370,000. Trade debtors have surged by a staggering 980% to £5,300, indicating a potential issue with customer payments, and creditors have increased by 13% to £700,000. 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 large increase in debt and the negative equity are concerning. The company is exempt from an audit, so the figures are unaudited. The company’s reliance on a single owner, Thompson Simon John, could also present a risk if he were to leave.

Registered in England/Wales under the registration number 12901365, with a registered address at EX34 9RU, United Kingdom, Ilfracombe, North Devon, 3 Coastguard Cottages, Watermouth.

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