Electrolve Ltd

Electrolve Ltd, based in Grimsby, UK, is a small, active company established sixteen years ago in 2008. With 34 employees and £769,790 in assets, it’s a modest operation managed by one director and owner. The company regularly imports stone, plaster, cement, and similar materials (five months of activity), and exports clothing and accessories (fifty-two months of activity). It operates in the retail sale via mail order houses or via internet industries.

The company's website, Swift eCommerce, focuses on providing fulfillment services for other e-commerce businesses. It offers services like order fulfillment, email and phone answering, and live chat monitoring, targeting businesses looking to outsource their logistics. They even offer a free eBook on becoming a profitable online store. The site emphasizes seamless integration, secure inventory storage, and fast, reliable order fulfillment, all underpinned by a dedicated account manager. It seems they are doing well, with a good Google rating and a focus on customer support.

Financially, Electrolve Ltd presents a mixed picture. While current assets increased slightly to £770,000, net assets decreased by 12% to £230,000. Cash bank on hand dropped by 6.2% to £200,000. Creditors have increased significantly, both within one year (up 11%) and after one year (up 240%), reaching £120,000 and £420,000 respectively. Trade debtors have also risen considerably, by 23% to £450,000. The company’s small size—meeting two of three criteria for a small company—helps maintain agility, but the increase in creditors and decrease in equity suggest it’s facing some financial pressure. There was no auditor mentioned, which is likely due to the company being exempt as a small company. It's interesting to note the fixed assets have completely disappeared, which could be a one-off event.

Registered in England/Wales under the registration number 06776120, with a registered address at DN37 7JG, Grimsby, South Humberside, 148 Caistor Road, Laceby.

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