Ele Advanced Technologies Limited

Ele Advanced Technologies Ltd, based in Nelson, UK, is a large, holding company with an active status. Founded 25 years ago, the company employs 164 people and boasts assets of £11.57 million, with a yearly revenue of £15.42 million. It has five directors and one owner, and a Google rating of 2.0 based on 42 reviews. The company regularly imports and exports machinery, boilers, and mechanical appliances; parts.

Ele Advanced Technologies specialises in precision engineering, combining niche processes to produce high-integrity components for various industries. Its website highlights expertise in aerospace, power generation, and commercial diesel engine sectors, offering end-to-end support from design to production. The company also operates ELE Advanced Technologies S.R.O in Slovakia, focusing on piano restoration, a venture that operates from Cambridge and even has a showroom in Harrods.

Financially, the company’s performance shows some concerning trends. While current assets remain stable at £11.57 million, net assets have decreased by 16% to £9.4 million. Bank borrowings have increased by 150%, reaching £1.4 million, and cash reserves have fallen by 30% to £1.9 million. Creditors have also risen by 18%, suggesting a need for better debt management. The company meets two of three conditions to be considered a large company, with turnover over £36 million, balance sheet total over £18 million, and average number of employees over 250. The lack of an auditor mentioned likely means the company is exempt as a small company.

The company’s focus on high-value components and its diverse range of services suggest a strong market position, but the financial data indicates potential challenges. The rise in bank borrowings and the decrease in cash reserves warrant close monitoring, and the company will need to maintain its focus on customer satisfaction and operational efficiency to navigate these pressures.

Registered in England/Wales under the registration number 03954256, with a registered address at BB9 6RT, England, Nelson, Lancashire, 41 Churchill Way, Lomeshaye Industrial Estate.

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