Elvstrom Sails Uk Limited

Elvstrom Sails Uk Ltd, based in Southampton, UK, is a small, holding company with an active status, having been established for 51 years. The company employs five people and holds £75,441 in assets, operating from a virtual address shared by over 100 other businesses. It’s managed by two directors and two owners, boasting a respectable Google rating of 4.0 based on five reviews. The company regularly imports aluminum and aluminum products, with 13 months of import activity recorded, the latest being in June 2024.

The company operates within the manufacture of sports goods industries. Its website is currently unavailable, so it’s difficult to determine if they have an e-commerce presence.

Financially, Elvstrom Sails Uk Ltd presents a mixed picture. Current assets have decreased significantly by 65%, falling to £75,000. Similarly, net assets have fallen by 1.9% to -£280,000. Bank borrowings have vanished completely, a positive change, while cash reserves have increased substantially by 340%, reaching £15,000. Trade debtors have also fallen by 61%, suggesting improved collection rates. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity raises concerns. The company's accounts are unaudited, and Fiander Tovell Limited is the auditor. The company has elected not to include a copy of the profit and loss account within the financial statements.

The decrease in equity could be due to various factors, such as increased operating expenses or investments in new equipment. It’s also possible that the company is facing challenges in its market, such as increased competition or changing customer preferences. The company’s financial health is uncertain, but its strong Google rating and regular import activity suggest it remains a viable business.

Registered in England/Wales under the registration number 01136087, with a registered address at SO17 1XS, United Kingdom, Southampton, Hampshire, Stag Gates House, 63/64 The Avenue.

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