Elfmade Ltd

Elfmade Ltd, based in Ryde, UK, is a small, family-run business with an active status, having been founded eleven years ago in 2013. Employing just three people, the company holds £42,519 in assets and operates from a real address. With two directors and two owners, it's a tight-knit operation boasting a Google rating of 4.0 based on three reviews. The company is a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Elfmade Ltd specializes in providing time and attendance management systems, specifically Ceequel biometric software solutions. Their website details a comprehensive suite of tools for businesses, including time tracking, access control, human resource management, and employee self-service. It’s clear they’re targeting a B2B market, offering solutions for various sectors like warehousing, retail, manufacturing, and food processing. The company’s website is an ecommerce site, selling software and hardware for time management.

Financially, Elfmade Ltd's recent reports show some concerning trends. While average employee numbers remained constant, current assets have decreased by 33%, dropping to £43,000. Bank borrowings have also fallen by 43%, reaching £7,600, and debtors have plummeted by a significant 80%, indicating potential issues with customer payments. Equity, however, has taken a severe hit, declining by 110% to -£2,100. Cash reserves have increased by 48% to £6,400. The lack of an auditor mentioned is likely due to the company’s small size and exemption from an audit.

Overall, Elfmade Ltd appears to be facing financial pressures despite its strong product offering. The significant drop in equity is a particular concern, suggesting the company may be burning through money. Whether they can weather this storm and continue to provide their time management solutions remains to be seen.

Registered in England/Wales under the registration number 08619528, with a registered address at PO33 2AA, England, Ryde, Isle Of Wight, 4 Cross Street.

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