Elite Building Supplies Ltd

Elite Building Supplies Ltd, based in Epping, UK, is a small, active company founded nine years ago. With two employees and £3,049,614 in assets, it operates from a real address and is overseen by one director and owner. The company enjoys a 4.0 Google rating based on three reviews and regularly imports iron or steel products, with the last import occurring in February 2024.

The company’s website showcases a wide range of building materials, from roofing and flooring to plumbing and electrical supplies. It functions as an e-commerce platform, allowing customers to browse and purchase items online. The site features a comprehensive catalog with detailed product descriptions and competitive pricing, and a "deals" section highlights special offers. A tool hire section is also available, suggesting an additional revenue stream. The website's design is functional, if a little dated, and prioritizes product visibility over sleek aesthetics.

Financially, Elite Building Supplies Ltd’s report reveals a mixed picture. Cash bank on hand has fallen significantly, dropping 64% to £270,000. Debtors have increased dramatically, rising 240% to £2 million, which could indicate an issue with customer payments or an expansion of credit terms. Creditors have also increased by 61% to £510,000. On the positive side, current assets have increased by 45% to £3 million, and equity has risen 43% to £2.5 million. The company's small size (meeting two of three conditions for a small company) allows for flexibility, but the sharp decrease in cash reserves warrants attention. No auditor is mentioned, which is common for companies of this size.

Overall, Elite Building Supplies Ltd seems to be navigating a period of growth, but with some financial pressures. The increased debt could be a temporary consequence of expansion, but careful management will be necessary to ensure long-term stability.

Registered in England/Wales under the registration number 09621554, with a registered address at CM16 6PL, England, Epping, Essex, Hunters Hall Farm, Epping Upland.

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