Four Elements London Ltd

Four Elements London Ltd, based in London, UK, is a small, active company founded five years ago in 2019. It’s a solo founder operation with a real address and a single director, operating an e-commerce site focused on technical diving equipment. The company’s website showcases a wide range of products, from drysuits and wetsuits to masks, fins, and luggage, catering to both recreational and technical divers. It also highlights a commitment to sustainability through its OceanPositive initiative, offering products made with eco-friendly materials and supporting ocean conservation projects.

The business operates in the non-specialised wholesale trade and retail sale via mail order houses or via internet industries. Its website, Fourth Element, is well-designed and user-friendly, with detailed product descriptions, customer reviews, and a blog featuring informative articles and stories related to diving. It even has a showroom in Harrods, London.

Financially, Four Elements London Ltd presents a mixed picture. Current assets have decreased by 37% to £27,000, and net assets have declined by 72% to -£3,400. Bank borrowings have also fallen by 37% to £17,000, and cash reserves are down 64% to £1,900. However, creditors have decreased by 37% to £17,000, suggesting some improvement in debt management. The company meets two of three conditions to be classified as small: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The accounts are unaudited and prepared under FRS 102 Section 1A, and the company is exempt from an audit.

The significant drop in equity and cash reserves, combined with the reliance on bank borrowings, suggests the company is facing financial pressures. It's likely that the company is burning through money, but the decrease in creditors is a positive sign. It's also worth noting that the director, Cengiz Ismet, is listed as both the director and owner, and there's a balance of £2,349 due to him. The company's continued operation relies on the director's financial support, as stated in the accounts.

Registered in England/Wales under the registration number 12267934, with a registered address at EN3 5DS, United Kingdom, London, 74 Fouracres, Enfield.

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