Elc Trade Ltd

Elc Trade Ltd from Watford UK: a small, active company founded four years ago, holds £51,471 in assets, and operates from a real address. It's a solo-founded venture with one director and owner, Zagars Atis, and regularly imports miscellaneous chemical products—a total of 11 months of import activity, with the latest operation in September 2024. The company’s primary focus is retail sale via mail order houses or via internet, suggesting an e-commerce operation, though no website is currently listed.

Being a small company (meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees), Elc Trade Ltd benefits from agility. However, the financial picture presents a mixed bag. Current assets have dipped slightly, falling 2% to £51,000, while net assets have increased by 3% to £20,000. Cash bank on hand has seen a more significant drop, falling 61% to just £3,500. Creditors have also seen some changes, with short-term creditors decreasing by a substantial 93%, but longer-term creditors have increased slightly. Trade debtors are stable. The company’s small size allows it to avoid the need for an audit, relying on unaudited accounts.

The decrease in cash reserves and the increase in bank borrowings—rising by a significant 1,300%—suggest Elc Trade Ltd may be burning through cash faster than it's generating revenue. The increase in creditors could indicate a reliance on short-term financing to cover expenses. While the company's regular import activity suggests ongoing business, the financial data hints at a period of adjustment or potential strain. It's likely that the business is working to manage its cash flow and optimize its operations.

Registered in England/Wales under the registration number 13135940, with a registered address at WD24 4QP, England, Watford, Oak House, Central Park, Reeds Crescent.

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