Foamlife Ltd

Foamlife Ltd, based in Poole, UK, is a small, active company founded four years ago. With two employees and £397,929 in assets, it operates from a real address and is managed by two directors and owners. The company regularly imports and exports footwear and related items – 13 months of imports and 3 months of exports, with the last import operation made in April 2024 and the last export in November 2023. Foamlife’s website showcases a range of flip-flops, sliders, and accessories, including collaborations with Synch Electric Bikes and a beach towel collection, all marketed towards a lifestyle-focused customer.

The company’s core business revolves around the manufacture of footwear, with a focus on stylish and comfortable products. Its website highlights a commitment to sustainability, featuring vegan materials and eco-conscious packaging. The brand positions itself as “living less ordinary,” encouraging customers to embrace a beach lifestyle. Testimonials from industry figures praise Foamlife’s potential to inject freshness into the footwear category.

Financially, Foamlife Ltd presents a mixed picture. While cash bank holdings have increased significantly – a 220% jump to £66,000 – other areas show signs of pressure. Creditors have risen considerably, increasing by 51% to £180,000, and debtors have exploded by 8200% to £240,000. This could be due to increased sales or perhaps a shift in payment terms. Net assets, however, have declined by 17% to -£440,000, indicating that the company is burning through cash, and future minimum lease payments have increased to £35,000. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the declining equity raises concerns. The lack of an auditor suggests the figures are unaudited.

It seems Foamlife is experiencing a period of rapid growth, but it’s crucial to monitor its cash flow and manage its liabilities to ensure long-term sustainability.

Registered in England/Wales under the registration number 12588558, with a registered address at BH14 0JD, England, Poole, Dorset, 145 Commercial Road.

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