Elite Access Repairs Ltd

Elite Access Repairs Ltd, based in Milton Keynes, UK, is a small, family-run business with an active status. Founded thirteen years ago in 2011, the company employs nine people and holds £547,681 in assets. It operates from a real address and is overseen by two directors and owners. The business has a 5.0 Google rating based on sixteen reviews and runs an e-commerce site. They are an irregular importer of machinery, boilers, and mechanical appliances, with parts imported roughly every two months, the last operation being in March 2023.

The company specializes in the repair of machinery, offering services like spider lift hire and sales of refurbished access platforms. Their website showcases a wide range of products and services, including new and used equipment, parts, and LOLER inspections. They service various manufacturers, including CTE, Denkalift, and Genie. The website also highlights their expertise in providing parts and offering a range of services, from servicing to full refurbishments.

Financially, Elite Access Repairs Ltd has experienced some significant shifts. Creditors have increased by 270% within one year, reaching £550,000, while bank borrowings have also surged—130% after one year and 670% within one year. This suggests increased reliance on external funding. Cash reserves, however, have risen by 44% to £51,000. Trade debtors have also increased by 54% within one year, which could be a sign of growth but also requires careful management. Equity, however, has plummeted—a 180% decline to -£92,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, they are exempt from an audit, so the figures are unaudited.

Despite the concerning drop in equity, the company’s strong Google rating and active e-commerce presence suggest a loyal customer base. The increased borrowing and rising debtors will need to be monitored closely, but the rise in cash reserves provides some breathing room.

Registered in England/Wales under the registration number 07714692, with a registered address at MK19 6DU, England, Milton Keynes, Buckinghamshire, Unit 4 Hall Farm, Thornton Road.

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