Electric Live Limited

Electric Live Limited, based in Cosham, UK, is a small, active company founded eight years ago. With five employees and £243,113 in assets, it operates an e-commerce site and functions as an irregular importer, primarily dealing in textile products, sets, used clothing, and rags—with just one month of import activity recorded in 1999. The business is led by a single director and owner, Sanders Damien James.

While the company’s website suggests involvement in “other amusement and recreation activities n.e.c.” industries, it’s unclear what specific services or products are offered. The business seems to be a solo founder operation, and the website doesn’s provide much detail.

Financially, Electric Live Limited has seen a turbulent year. Current assets have plummeted by 46%, dropping to £240,000, while net assets have fallen dramatically—a 690% decrease, landing at -£210,000. Cash reserves have also taken a hit, declining by 89% to just £21,000. Bank borrowings have increased, and trade debtors have decreased significantly. Creditors have increased, suggesting a reliance on short-term financing. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) does allow for flexibility, but the sharp decline in equity raises concerns. The company is exempt from an audit as a small company, so the figures are unaudited.

The financial data suggests Electric Live Limited is burning through cash. Whether this is a temporary setback or a longer-term trend remains to be seen, but the company's future hinges on its ability to stabilize its finances and capitalize on its e-commerce presence.

Registered in England/Wales under the registration number 10765268, with a registered address at PO6 3TH, England, Cosham, Portsmouth, 3 Acorn Business Centre, Northarbour Road.

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