Elgate Products Limited

Elgate Products Ltd from Broadstairs UK: a large company with an active status, has been operating for 53 years. With 30 employees and £7,570,253 in assets, it’s a significant player in its sector. The company, founded by a solo entrepreneur, boasts a real address, is overseen by five directors, and has one owner. Its Google rating is a perfect 5.0 based on five reviews, and it operates an e-commerce site. Elgate Products Ltd regularly imports and exports toys, games, and sports equipment—351 months of import activity and 50 months of export activity, with the most recent export occurring in December 2024.

The company’s website, elgateproducts.co.uk, showcases a wide range of toys, games, and sports equipment, catering to both wholesale and retail customers. The site is well-designed and easy to navigate, highlighting the company’s commitment to providing quality products and excellent customer service. It’s clear they’re focused on online sales and distribution.

Financially, Elgate Products Ltd appears to be in a strong position, although some trends are worth noting. Current assets have increased by a substantial 22%, reaching £7,600,000, while net assets have grown by 43%, hitting £7,000,000. Profit before tax has increased by 77%, reaching £1,900,000. However, bank borrowings have decreased by 43%, dropping to £1,000,000, and cash reserves have fallen 62% to £400,000. Trade debtors have increased by 60%, which could indicate a shift in payment terms or potentially slower collections. The company’s size (meeting two of three criteria for a large company) suggests it’s operating efficiently, but the drop in cash reserves warrants further observation. The financial statements were audited by Azets Audit Services.

Overall, Elgate Products Ltd seems to be a thriving business with a solid foundation. The company's focus on e-commerce, coupled with its strong Google rating and regular import/export activity, positions it well for continued success. It’s possible the decrease in cash reserves is a result of increased investment in inventory to meet growing demand, but it's something to keep an eye on.

Registered in England/Wales under the registration number 01013962, with a registered address at CT10 2LF, United Kingdom, Broadstairs, Kent, 1 Patricia Way, Pysons Road Industrial Estate.

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