Elite Car Care Online Ltd

Elite Car Care Online Ltd, based in Waltham Abbey, UK, is a small, active company founded fifteen years ago. With four employees and £300,701 in assets, it’s a family-run business operating from a real address. The company, managed by a solo founder and one director, boasts a perfect 5.0 Google rating from 112 reviews, a testament to its customer service. They regularly import soaps, cleaning products, and waxes—nineteen months of import activity recorded, the latest in November 2023.

Elite Car Care’s primary focus is supplying detailing products, with a comprehensive online store showcasing a wide range of brands like 3M, Autoglym, and Menzerna. The site also offers professional detailing services, including paint correction, ceramic coating, and wheel refurbishment, catering to both individual car enthusiasts and commercial clients. They even provide a range of snowfoam lance accessories and pressure washers.

However, the company’s financial picture reveals some challenges. Creditors have risen by a significant 540%, reaching £190,000, while cash reserves have fallen 83%, leaving just £380. Bank borrowings have also increased, reaching £32,000. Net assets have dropped by 59%, settling at £60,000. While trade debtors have increased, suggesting potentially delayed payments, the decrease in net assets is a cause for concern. The company meets two of three criteria to be classified as a small company, with turnover less than £10.2m, balance sheet total less than £5.1m, and fewer than 50 employees. As a small company, they are exempt from an audit, so the figures are unaudited.

Despite these financial pressures, Elite Car Care maintains a strong online presence and a loyal customer base. The company's focus on quality products and professional services suggests a commitment to long-term success, even if the short-term financial outlook requires careful management.

Registered in England/Wales under the registration number 07056569, with a registered address at EN9 2BF, England, Waltham Abbey, Unit 28 Leaside Industrial Park Sedge Green, Nazeing.

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