Elisys Engineering Limited

Elisys Engineering Ltd from Edinburgh UK: a small, active company founded 22 years ago, holds £228,871 in assets, and operates from a real address. It’s a family business with three directors and two owners, and regularly imports electrical machinery and equipment – a total of 5 months of import activity recorded. The company’s core business revolves around providing electronic and software solutions for instrumentation and condition monitoring, directly working with end users.

Elisys Engineering's website showcases a diverse range of services, from instrumentation and alarm annunciation to SCADA driver design and project management. It caters to sectors like electricity generation, oil and gas, and process control, undertaking projects ranging from initial design to final installation. The website also highlights a separate venture, 1066 Pianos, a business focused on high-end piano restoration, showcasing a different side to the company’s operations.

Financially, Elisys Engineering Ltd presents a mixed picture. Current assets have fallen by 45% to £230,000, while net assets have plummeted 98% to just £6,800 – a significant drop. Cash reserves have also seen a dramatic decline, falling 99% to only £3,100. Bank borrowings have increased to £4,200, and trade debtors have risen considerably. Despite these challenges, creditors have decreased slightly, suggesting improved debt management. As a small company (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it benefits from agility, but the sharp decline in equity raises concerns. The company’s financial statements are unaudited, and no auditor is mentioned.

The company’s recent financial performance suggests it’s facing some pressures, although it’s difficult to say exactly why. It’s possible that increased competition, rising costs, or changes in customer demand are contributing factors. The long-standing piano venture, meanwhile, appears to be thriving, offering a source of prestige and heritage—a contrast to the more modest engineering operations.

Registered in Scotland under the registration number SC243073, with a registered address at EH10 6BN, Edinburgh, 42 Cluny Gardens.

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