Elev8r Ltd

Elev8r Ltd is a small, active company based in Gosforth, UK, founded four years ago in February 2021. The company employs just one person and holds £16,129 in assets. With a real address and a single director and owner, Cairns Robert, it’s a compact operation. The business operates in the retail sale via mail order houses or via internet industries.

The company's website is currently unavailable, making it difficult to ascertain the specifics of its e-commerce activities. Without a live site to analyze, it’s impossible to determine if Elev8r Ltd is a full-fledged e-commerce store or primarily uses online platforms for marketing and order processing.

Financially, Elev8r Ltd presents a mixed picture. While net assets increased by a significant 580%, reaching £33,000, this is largely due to a substantial increase in revaluation reserve. However, cash reserves remain low at just £45, indicating a potential reliance on credit. Bank borrowings have increased, and losses deepened, suggesting the company is burning through money. Trade debtors have decreased considerably, which is a positive sign, but overall, the company's financial health is uncertain. The lack of an auditor mentioned likely reflects its status as a small company exempt from an audit. It seems that the company is struggling to maintain profitability, and the increase in revaluation reserve doesn't necessarily translate to improved cash flow.

Registered in England/Wales under the registration number 13175665, with a registered address at NE3 3PF, United Kingdom, Gosforth, Newcastle Upon Tyne, The Grainger Suite Dobson House, Regent Centre.

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