Elgin Bay Consultants Limited

Elgin Bay Consultants Limited, based in Newark, UK, is a small, active company founded 23 years ago in 2001. With a real address and just three employees, it holds £185,557 in assets. Two directors and two owners, including a solo founder, steer the business. The company is a regular importer of electrical machinery and equipment, with 14 months of import activity recorded, the latest in October 2024.

The company operates in the installation of industrial machinery and equipment industries. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Its website is non-existent, so it’s unclear if they have an online presence beyond their import activities.

Financially, Elgin Bay Consultants Limited shows a mixed picture. Current assets declined by 5.8% to £190,000, while net assets remained steady at £150,000. Bank borrowings decreased by 36% to £6,600, and cash reserves fell by 20% to £41,000. Trade debtors increased by a significant 30%, suggesting potential issues with customer payments. The company’s small size helps it remain agile, but the increase in debtors warrants attention. No auditor is mentioned, which is common for small, exempt companies.

The company's financial data shows a decrease in accrued liabilities, which is a good sign. However, the increase in advances to directors is a little concerning. The company's average number of employees has increased to four, which could be a sign of growth. Overall, Elgin Bay Consultants Limited appears to be a stable, albeit small, operation facing the usual challenges of managing cash flow and customer payments.

Registered in England/Wales under the registration number 04304053, with a registered address at NG24 2QF, England, Newark, 1 Newark Road, Coddington.

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