Elhinn's Shoe Gallery Limited

Elhinn S Shoe Gallery Ltd from Lewes UK: a small, active company founded 21 years ago, employs nine people, and holds £225,880 in assets. It operates from a virtual address – registered at a location where 25 other companies are also registered – and is managed by four directors and three owners, making it a family business. The company runs an e-commerce site and enjoys a stellar 5.0 Google rating based on 42 reviews. It's a regular importer, bringing in footwear and related items for 11 months, with the last import occurring in September 2024.

The company's website, The Shoe Gallery, serves customers across Sussex and surrounding areas, including Lewes, Brighton, Hove, and Eastbourne. It offers a wide range of brands, from Anatomic to Yokono, catering to men, women, and children. The website also features a blog showcasing new arrivals and highlighting seasonal collections, like Fly London’s Autumn/Winter range. It's clear the business is focused on online retail, offering a curated selection of footwear and accessories.

Financially, Elhinn’s Shoe Gallery Ltd presents a mixed picture. Current assets have decreased by 23%, dropping to £230,000, while net assets have plummeted 57%, settling at £51,000. Cash reserves have also taken a hit, falling 77% to just £20,000. Bank borrowings have increased significantly, up 19% to £92,000. Trade debtors have risen, but creditors have decreased, suggesting some improvement in debt management. The company's small size—meeting two of three conditions for being considered small—allows for flexibility, but the sharp decline in equity is concerning. The accounts are unaudited, and no auditor is mentioned, which is typical for companies of this size.

It seems Elhinn’s Shoe Gallery Ltd is navigating some financial challenges, despite its strong online presence and positive customer reviews. The company's family-run nature and focus on quality brands could help it weather these pressures, but it will need to carefully manage its finances to ensure long-term sustainability.

Registered in England/Wales under the registration number 04853024, with a registered address at BN7 2NZ, Lewes, East Sussex, 1 West Street.

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