Flotsam Limited

Flotsam Limited is a small, active company based in Wells-Next-The-Sea, UK, established eighteen years ago in 2006. It employs six people and holds £54,710 in assets, operating from a real address and managed by three directors and two owners. The company runs an e-commerce site specializing in sustainable bags and accessories upcycled from materials like wetsuits and banners. It’s an irregular importer, with its top import category being Iron or Steel Products, totaling one month of imports, the last operation conducted in August 2022.

The company’s website, Flotsam Flo, showcases a commitment to environmental sustainability. Kate, the founder, transforms discarded materials into unique, handmade creations, tackling plastic pollution and promoting eco-friendly practices. The site offers a range of products, from shoulder bags and cross-body bags to notebooks and corporate gifts, all crafted from repurposed materials. Notably, the company has ceased shipping to the EU due to the new General Product Safety Regulation.

Financially, Flotsam Limited's recent accounts show some concerning trends. Cash and cash equivalents decreased by 9.4% to £15,000, while net assets plummeted 21% to £68,000. Creditors increased significantly by 61% to £50,000, and the company’s taxation and social security payable increased by a whopping 330% to £10,000. Despite these challenges, 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 it to remain agile. The company’s accounts are unaudited, likely due to its small size. The company's net current assets decreased by 82%, suggesting the company is struggling to manage its short term liabilities.

Registered in England/Wales under the registration number 05937967, with a registered address at NR23 1QH, Wells Next The Sea, Norfolk, Stiffkey Stores Wells Road, Stiffkey.

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