Eglinton Kayaks Ltd

Eglinton Kayaks Ltd, based in Londonderry, UK, is a small, active company founded just four years ago. With a single employee and £120,838 in assets, it’s a solo founder operation managed by three directors and one owner, Hill Richard. The company operates an e-commerce site with a stellar 5.0 Google rating from 14 reviews, specializing in the retail sale of sports goods, fishing gear, camping goods, boats, and bicycles. It's a regular importer of ships, boats, and floating structures, with eight months of import activity recorded, the latest in August 2024.

The company's website showcases a wide range of kayaking and paddleboarding equipment, from sit-on-top kayaks to Canadian canoes and stand-up paddleboards. It also sells clothing, safety gear, and accessories, partnering with brands like Palm, Nookie, and Celtic Paddles. The site even features a section for second-hand kayaks, suggesting a commitment to sustainability and affordability. The online shop is clearly the primary focus, with a simple, user-friendly design and clear product categories.

Financially, Eglinton Kayaks Ltd shows a mixed picture. Cash bank on hand dropped by 18% to £9,900, while creditors increased by 13% to £97,000. Trade debtors, however, surged by a remarkable 370%, reaching £15,000—a significant increase that could signal a reliance on credit sales or delayed customer payments. Equity, though, saw a massive jump of 1,100%, reaching £11,000, likely due to retained earnings. The company meets two of three criteria to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). As a small company, it's exempt from an audit, so the figures are unaudited.

Overall, Eglinton Kayaks Ltd seems to be navigating the challenges of a small e-commerce business. The strong Google rating suggests customer satisfaction, but the increase in debtors and reliance on credit could be a cause for concern. The company's solo founder status and lean operation, however, allow it to adapt quickly to market changes—a valuable asset in the competitive kayaking and watersports industry.

Registered in Northern Ireland under the registration number NI676836, with a registered address at BT48 7EP, United Kingdom, Londonderry, 23 Clarendon Street.

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