Elay Trade Ltd

Elay Trade Ltd from Mildenhall UK: a small, active company founded two years ago, holds just £1 in assets, and generated £6,611 in revenue last year. It’s a solo venture, run by a single director and owner, Ayan Ismail, and operates an e-commerce site. The company is registered at a real address and meets two of the three conditions to be considered small: turnover under £10.2 million and balance sheet total under £5.1 million, with fewer than 50 employees.

The business appears to operate across several sectors: retail sale via mail order and internet, management consultancy, and information and business support services. Its website is currently unavailable, so it's difficult to ascertain the specifics of its e-commerce operations.

Financially, Elay Trade Ltd’s recent performance paints a concerning picture. While turnover remained steady at £6,600, the company’s equity plummeted to -£850. Cash bank on hand sits at a meager £1, and net assets and liabilities are also at -£850. Operating losses deepened to -£850, and creditors increased slightly to £850. The company’s administrative expenses remained constant at £660. It’s worth noting that the director made payments on behalf of the company, and the accounts were prepared in accordance with the provisions applicable to companies subject to the small companies regime. As a small company, it is exempt from an audit, and the accounts are unaudited.

These figures suggest that Elay Trade Ltd is burning through money, rather than building reserves. The lack of cash and the negative equity raise questions about the company’s long-term viability, although the consistent turnover indicates ongoing customer demand. It's possible that the company is reinvesting heavily in its e-commerce platform or marketing efforts, but without further information, it’s difficult to say for sure.

Registered in England/Wales under the registration number 14703895, with a registered address at IP28 7DE, United Kingdom, Mildenhall, Suffolk, Suite E2868, 82a James Carter Road.

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