Flying Elephant Ltd

Flying Elephant Ltd is a small, active company based in Orpington, UK, founded three years ago in June 2021. It operates with a single employee and holds £66,210 in assets. The company has one director and one owner, Wei Bo, and utilizes a virtual address shared by forty-two other businesses. Its registered address is Tms House, Cray Avenue, BR5 3QB.

The company’s activities span a diverse range of industries, including non-specialised wholesale trade, retail sales via mail order and internet, information technology services, and professional/scientific/technical activities. It’s a small business, meeting two of the three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s website, though not provided, suggests a focus on these areas.

Financially, Flying Elephant Ltd’s recent report reveals a mixed picture. Cash reserves have fallen dramatically, dropping 94% to just £40,000—a significant decrease. Trade debtors have also plummeted 94%, falling to £27,000, which could be a result of improved collections or a change in sales patterns. Current assets have also declined sharply, dropping 94% to £66,000. However, creditors have seen a substantial reduction of 87%, falling to £150,000, indicating better management of short-term liabilities. Equity has also seen a significant drop, falling 69% to -£140,000. The company’s net losses deepened, and trade inventories have disappeared entirely.

Given the substantial drop in cash and the negative equity, Flying Elephant Ltd appears to be burning through money. It's possible that the company is investing heavily in growth or facing increased competition. The lack of employees suggests a lean operation, but the financial strain raises concerns about its long-term viability. The accounts are unaudited, as is typical for small companies, so the figures rely on director-reported data.

Registered in England/Wales under the registration number 13433367, with a registered address at BR5 3QB, England, Orpington, Tms House, Cray Avenue.

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