Ela Pvt Ltd

Ela Pvt Ltd is a small, active company based in Southampton, UK, founded three years ago in 2021. With 15 employees and £55,525 in assets, it operates from a virtual address shared by thirteen other companies. The company has two directors and three owners, and is an irregular importer of electrical machinery and equipment, with just one month of imports recorded as of April 2022. The company is a licensed restaurant.

The company’s website, Ela Infrastructures, paints a picture of a more established real estate developer based in Varanasi, India. Founded in 2010, Ela Infra specializes in residential, commercial, and integrated township projects, boasting a reputation for quality and on-time delivery. The site highlights a portfolio of completed projects and a commitment to premium development—a stark contrast to the smaller-scale operations suggested by the UK company’s financial data. The website also lists a phone number and email address, and has a gallery of projects.

Financially, Ela Pvt Ltd presents a concerning trend. While cash reserves increased significantly by 3,100% to £42,000, net assets plummeted 220% to -£390,000. Creditors have increased by 120% to £690,000, and trade debtors have vanished entirely, dropping 100% to zero. The number of employees has doubled to 30, which is a significant increase. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp decline in equity and the increase in liabilities raise serious questions about its financial health. There's no auditor mentioned, so the figures rely on unaudited statements.

In short, Ela Pvt Ltd appears to be burning through money, despite a boost in cash reserves. The Indian real estate arm, meanwhile, projects a more stable and successful operation. Whether the UK company can sustain its losses and its connection to the larger Indian business remains to be seen—but for now, it’s a company facing significant financial challenges.

Registered in England/Wales under the registration number 13666886, with a registered address at SO15 3FG, United Kingdom, Southampton, Hampshire, 191 Shirley Road.

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