Icelandic Water Limited

Icelandic Water Limited, based in Beaconsfield, UK, is a small, active company established twenty years ago. It holds £31,374 in assets and operates from a virtual address shared by 300 other companies. The company, run by two directors (Josie Padilla and Kristjan Olafsson), has no reported owners. It runs an e-commerce site selling Icelandic Glacial water and irregularly imports drinks, alcohol, and vinegar—the last import recorded way back in October 2021.

The company's website, Icelandic Glacial, presents a premium brand focused on purity and sustainability. It highlights the unique lfus Spring source, naturally alkaline water, and rigorous certifications. The site actively promotes its water in various forms – still, sparkling, glass bottles, and aluminum cans – and even offers a cocktail guide. It’s clear the company is positioning itself in the high-end bottled water market, emphasizing its Icelandic heritage and pristine source.

Financially, Icelandic Water Limited shows a concerning trend. Current assets have fallen by a significant 59%, dropping to £31,000, and net assets have plummeted 61%, leaving just £18,000. Cash reserves have also taken a hit, decreasing by 91% to a mere £1,900. Bank borrowings remain unchanged, and creditors have decreased by 55%. The company’s small size (meeting two of three criteria for a small company) helps it stay nimble, but the sharp decline in equity suggests it’s burning through cash. Although no auditor is mentioned (likely exempt as a small company), the unaudited accounts show a company needing to stabilize its finances. The company’s irregular import activity also raises questions about its supply chain and overall business model.

Registered in England/Wales under the registration number 05352953, with a registered address at HP9 2JH, United Kingdom, Beaconsfield, Bucks, C/O Azets Burnham Yard, London End.

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