Elicit Limited

Elicit Limited is a small, active company based in London, UK, founded six years ago in 2018. It employs just one person and holds £37,389 in assets. The company is led by a single director and owner, Candice Cooke, and operates from a real address. It's a solo founder venture.

The company’s website, while not providing extensive details, indicates a focus on retail sales via mail order and internet. It operates in the retail sale via mail order houses or via internet industries. It’s unclear if it’s a full-fledged e-commerce operation, but the presence of a website suggests an online component to its business.

Financially, Elicit Limited presents a mixed picture. While current assets increased by 44% to £37,000, net assets decreased by 37% to -£18,000. This indicates the company is burning through cash, despite increased sales. Cash bank on hand increased by 49% to £35,000, which is a positive sign, but creditors remain steady at £59,000. Trade debtors are not mentioned, so it's hard to tell if the company is struggling to collect payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain nimble, but the negative equity is concerning. No auditor is mentioned, likely due to its small size and exemption from an audit.

Overall, Elicit Limited appears to be a small business facing typical startup challenges. While it’s showing signs of growth in sales, it’s also operating at a loss. Whether it can turn things around and achieve profitability remains to be seen.

Registered in England/Wales under the registration number 11534149, with a registered address at N9 8HL, United Kingdom, London, 161 Charlton Road.

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