Londonfoils Ltd

Londonfoils Ltd, based in Hassocks, UK, is a small, active company founded four years ago. With just two employees and £108,875 in assets, it operates as an e-commerce site importing toys, games, and sports equipment – although its import activity has been irregular, with the last operation recorded two months ago in June 2022. The company has two directors and two owners, and its registered address is real, with only one other company registered there.

The company specialises in hydrofoils and related equipment, operating under the brand Lift Foils. Its website showcases a range of eFoils, surf foils, and accessories, catering to both recreational and performance riders. Lift Foils is described as a family-run business, inventing and leading the eFoil market. The site also features a blog with rider stories and articles, and offers a demo program with certified partners.

Financially, Londonfoils Ltd shows a mixed picture. Cash reserves increased significantly, jumping 360% to £13,000, which is a good sign. However, current assets decreased by 17% to £110,000, and net assets also fell by 16% to £14,000. Creditors decreased by 18%, which is a positive, but trade debtors increased by 160%. The company’s small size (meeting two of three conditions for being considered small) allows for agility, but the decline in equity raises some questions. No auditor is mentioned, likely due to the company’s small size and exemption from an audit. The company’s financial statements are unaudited.

Registered in England/Wales under the registration number 13084289, with a registered address at BN6 9HB, England, Hassocks, Langton Grange Langton Lane, Hurstpierpoint.

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