Elegant Oak Ltd

Elegant Oak Ltd is a small, family-run business based in London, UK, with an active status. Founded eight years ago in 2016, the company holds just £2,890 in assets and operates from a virtual address shared by many other companies—92,964 to be exact. It's managed by three directors and owned by two individuals, Gannon Darach and Gannon Kieran. The company is irregular importer, with its top import category being Furniture, Lighting, and Prefabricated Buildings, totaling 1 months of imports. The last import operation was conducted on October 01, 2020.

The company’s website, Handcrafted Oak Buildings, showcases a different side—a business specializing in bespoke oak-framed buildings, from porches and gazebos to orangeries and extensions. It operates under the name Enville Oak Ltd, based in Stourbridge, and boasts a showroom in Harrods, London. The website emphasizes handcrafted quality, transparent pricing, and a family-run approach, with managing directors personally overseeing every project. It even offers design support for architects and encourages visitors to tour the workshop. The site’s focus is on high-end, custom-built structures, a stark contrast to the limited import activity suggested by the company’s financial data.

Financially, Elegant Oak Ltd is facing some challenges. Current assets have plummeted by a staggering 97%, falling from £99,000 to just £2,900. Bank balances have also dropped dramatically, decreasing 84% to £2,900. Creditors have fallen by 94%, which is a positive sign, but net assets have also decreased by 75%, now sitting at -£4,200. 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 sharp decline in equity raises concerns. No auditor is mentioned, which is common for small, exempt companies.

In short, Elegant Oak Ltd appears to be struggling financially, despite a strong brand image and high-end product offering. The business's focus on bespoke oak buildings seems to be thriving, but the company's core operations are facing significant pressures—it's a situation that needs close attention.

Registered in England/Wales under the registration number 10525657, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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