Elegant Electronics Limited

Elegant IT, based in Northampton, UK, is a small, active company founded 41 years ago in 1984. With two employees and £3,093,360 in assets, it’s a family-run business with three directors and two owners. The company operates from a real address and regularly imports ceramic products, with the last import activity recorded five months ago. Elegant IT’s core business revolves around IT support and software development, catering to businesses in Northampton and beyond.

The company’s website showcases a range of services, including IT infrastructure solutions, cloud computing, and bespoke software development. It also offers a suite of software products designed to support business processes and reporting, such as an accident reporting system and a virtual whiteboard. The site emphasizes a focus on achieving what other developers say is impossible, and providing elegant solutions to IT headaches. There's a blog with recent posts on Azure database maintenance and system updates.

Financially, Elegant IT presents a mixed picture. Bank borrowings decreased by 20%, dropping to £3.9 million, while cash reserves increased significantly by 350%, reaching £700,000. Current assets jumped by 330%, rising to £3.1 million, but trade debtors increased dramatically by 320%, reaching £2.4 million. Equity grew by 19%, reaching £7.4 million, and net assets also increased by 19%. Despite these positive trends, net current liabilities increased by 1,300%, reaching £2.6 million, which could suggest the company is relying on short-term financing. The company is exempt from an audit as a small company.

The substantial increase in debtors could be a sign that the company is extending credit to customers, or it could indicate challenges in collecting payments. While the increased cash reserves and overall growth in assets are encouraging, the high level of short-term liabilities warrants closer monitoring.

Registered in England/Wales under the registration number 01789370, with a registered address at HA6 2LD, England, Northwood, Middlesex, 16 Astons Road, Moor Park.

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