Elite Audio Limited

Elite Audio Limited, based in Morley, UK, is a small, active company established 21 years ago. With seven employees and £356,837 in assets, it operates from a real address and is overseen by four directors and two owners. The company’s status is active, and it functions within the other specialised construction activities n.e.c. industries. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with a recent import recorded just one month ago.

The company’s website, Elite Audio, is clearly focused on high-end audio equipment. It’s a retail operation, showcasing a wide range of brands and offering both new and pre-loved (PX) items. The site emphasizes fast delivery, worldwide shipping, and a commitment to customer service. It also features a "PreLoved" section, offering substantial savings on ex-demo and used equipment, and a blog with news and reviews. A video section highlights various products and installations, showcasing the company’s expertise. The site also includes contact information, including a phone number and email address, and a physical address in Fife, Scotland.

Financially, Elite Audio Limited presents a mixed picture. While current assets decreased slightly to £360,000, bank cash reserves took a significant hit, falling 53% to £61,000. Trade debtors have increased considerably, up 110% to £190,000, which could indicate a change in payment terms or a larger volume of sales. Creditors also decreased by 12% to £290,000. Equity has also decreased slightly to £63,000. The company’s small size—meeting two of three criteria for being classified as small—helps it maintain agility, but the decline in cash reserves warrants attention. The accounts are described as “filleted” and unaudited, relying on director-reported data and an accountant’s report.

In conclusion, Elite Audio Limited appears to be a well-established player in the high-end audio market, but its financial health shows some signs of strain. The increase in trade debtors could be a temporary blip, or it could reflect a need to manage cash flow more effectively.

Registered in England/Wales under the registration number 04887207, with a registered address at LS27 9LR, Morley, West Yorkshire, Unit 1, Highcliffe Industrial, Estate, Bruntcliffe Lane.

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