Elegance By London Limited

Elegance By London Limited, based in Barnet, UK, is a small, active company established 14 years ago. With 18 employees and £1,856,490 in assets, it’s a modest operation overseen by one director and owner, Goyal Vikas. The company’s core business revolves around importing and exporting essential oils and perfumes – 13 months of import activity and 14 months of export activity have been recorded, with the latest export in January 2024. It operates in the wholesale of perfume and cosmetics industries.

The company’s website, elegancebylondon.com, is currently under maintenance, directing customers to fragrancescosmeticsperfumes.com for orders. This suggests a potential rebranding or website overhaul is underway, aiming to enhance the online shopping experience.

Financially, Elegance By London Limited presents a mixed picture. While cash reserves increased by a substantial 350% to £80,000, net assets have grown significantly to £300,000. However, bank borrowings have also risen sharply, reaching £400,000, and creditors have increased, with a notable drop in other creditors. Trade debtors have also decreased. The company’s small size – meeting two of three criteria for a small company – allows for flexibility, but the increase in debt warrants attention. The company’s retained earnings accumulated losses have also increased.

The unaudited accounts, prepared by S G Accountancy (UK) Ltd, show a decline in recoverable value tax. The company is exempt from audit as a small company. Overall, Elegance By London Limited seems to be navigating a period of growth and investment, though careful management of its debt will be crucial for long-term stability.

Registered in England/Wales under the registration number 07452534, with a registered address at EN4 9HD, England, Barnet, 37 Hamilton Road, Cockfosters.

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