Elli Mae Soft Furnishings Ltd

Elli Mae Soft Furnishings Ltd, based in Eastbourne, UK, is a small, family business established ten years ago. Active and boasting a perfect 5.0 Google rating from just two reviews, the company operates an e-commerce site selling cushions and related home accessories. With a single employee and £6 in assets, it’s a modest operation run by two directors and owners, Garry and Margaret Edwards. The registered address, however, is a virtual one, shared by 166 other companies, which is a bit unusual.

The company specializes in retail sale via mail order and via internet, showcasing a curated selection of cushions from brands like GP J Baker, Mulberry, and Schumacher. The website is well-designed and easy to navigate, featuring high-quality product images and detailed descriptions. It’s clear they’re targeting a discerning customer base who appreciates luxury fabrics and classic designs.

Financially, Elli Mae Soft Furnishings Ltd presents a mixed picture. While bank borrowings increased by 43%, cash reserves have dramatically fallen—a 99% drop to just £6. Current assets have also plummeted, reflecting a significant decrease in liquidity. The company’s equity has suffered a massive decline, dropping 660% to -£2800. Creditors have decreased by 70%, which is a positive sign of improved debt management. The business qualifies as a small company, meeting two of the three criteria for size (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). The lack of an auditor mentioned suggests the company is exempt from an audit as a small entity.

The sharp decline in equity and cash reserves, however, raises concerns. Whether this is a temporary setback or a longer-term challenge remains to be seen, but it suggests the company may be burning through cash faster than it’s generating revenue. The family ownership and focus on high-quality products, however, provide a solid foundation for future success.

Registered in England/Wales under the registration number 09335443, with a registered address at BN21 3TZ, England, Eastbourne, 120 Cavendish Place.

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