Elantra Procurement Ltd

Elantra Procurement Ltd from Oldham UK: a small company, holding company, with active status, was founded eight years ago. It holds £445,956 in assets and generates yearly revenue of £2,171,371. The company operates from a real address, is overseen by two directors, and is owned by one individual. It regularly imports electrical machinery and equipment (47 months) and exports machinery, boilers, and mechanical appliances; parts (208 months).

Elantra Procurement Ltd positions itself as a specialist procurement company, offering services to mining, oil, gas, construction, and transportation industries. Its website highlights a “quality procurement services worldwide” approach, emphasizing cost-effective solutions and integrated logistics. The company boasts a UK base, a buying office in China, and two satellite offices in Africa. It even owns Elantra Global Capital Llp. The website details a range of services, from professional procurement to end-to-end logistics, catering to both established and emerging global businesses. It also proudly states it’s one of the UK’s leading exporters of mining, oil, gas, construction, machinery and transportation equipment.

Financially, Elantra Procurement Ltd shows some concerning trends. While turnover increased by 12% to £2.2 million, net assets took a hit, dropping 1000% to £51,000. Bank borrowings rose significantly, increasing by 120% to £11,000, and cash reserves declined by 43% to £9,300. Trade payables increased by a substantial 290% to £180,000, while trade debtors also ballooned by 230% to £150,000. The company's small size—meeting two of three criteria for a small company—helps it remain flexible, but the significant drop in equity raises questions about its financial health. There’s no mention of an auditor, which is likely due to its status as a small company and exemption from an audit.

The company's reliance on external factors, such as global commodity prices and supply chain dynamics, could be contributing to these fluctuations. The increase in trade debtors suggests potential difficulties in collecting payments from customers, which could be a sign of broader economic challenges.

Registered in England/Wales under the registration number 10604802, with a registered address at OL1 4AP, England, Oldham, Elantra House, Yates Street.

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