Elegant Products (uk) Limited

Elegant Products (uk) Limited, based in Wigston, Leicestershire, is a small, active company founded sixteen years ago in 2009. With two employees and £190,140 in assets, it operates from a real address and is led by a single director and owner, Peng Xiang. The company has a solid 4.0 Google rating from 27 reviews and regularly imports basic metal tools and utensils—twenty-two months of import activity were recorded, the last in December 2024.

The company’s website reveals it operates in the retail sale via mail order houses or via internet industries. It's a modest operation, meeting two of three conditions to be considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. It’s a solo founder, Peng Xiang, who also serves as director.

Financially, Elegant Products (uk) Limited shows a mixed picture. Current assets increased slightly to £190,000, but net assets decreased by 33% to £27,000—a concerning trend. Bank borrowings decreased by 25% to £30,000, and cash reserves increased by 34% to £54,000. Creditors also decreased by 25% to £30,000. Trade debtors, however, increased significantly by 89% to £14,000. The lack of an auditor is not surprising, given its small size and exemption from an audit.

While the company’s regular imports and positive Google rating suggest ongoing activity, the decrease in equity and increase in debtors are worth noting. It’s possible these are temporary fluctuations, or perhaps the company is expanding its credit terms to attract more customers—but for now, Elegant Products (uk) Limited is navigating the challenges of a small business.

Registered in England/Wales under the registration number 06819632, with a registered address at LE18 3XH, Wigston, Leicestershire, 8 Naseby Close.

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