Ej Timber Ltd

Ej Timber Ltd is a small, active company based in Ilford, UK, founded seven years ago in 2018. It employs four people and holds £41,418 in assets. With a real registered address and one director and owner – a solo founder – it’s a lean operation. The company regularly imports wood and wood products, with eight months of import activity recorded, the latest in January 2023.

The company’s operations encompass sawmilling and planing of wood, acting as agents for timber and building materials, and retail sales via mail order and internet industries. It operates from Office 5695 58 Peregrine Road, IG6 3SZ, England, Ilford.

Financially, Ej Timber Ltd’s recent performance presents a mixed picture. Cash bank on hand has seen a substantial increase of 210%, reaching £34,000, while creditors have also risen significantly, increasing by 11% to £210,000. Current assets have doubled to £41,000, but net assets have declined by 23%, settling at -£220,000. Trade debtors have decreased by 11%, suggesting improved collection efforts. 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 drop in equity raises concerns. The financial statements are unaudited, likely due to the company’s small size.

While the company’s import activity and diverse operations suggest ongoing business, the negative equity and rising debt indicate potential financial pressures. Whether these are temporary startup challenges or a sign of longer-term difficulties remains to be seen.

Registered in England/Wales under the registration number 11232330, with a registered address at IG6 3SZ, England, Ilford, Office 5695 58 Peregrine Road.

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