Elite Crete Limited

Elite Crete Ltd, based in Stockport, UK, is a small, active company founded 33 years ago in 1991. With six employees and £304,856 in assets, it’s a long-standing operation with a real registered address and four directors, including the sole owner, Ingham Sheila Susan. The company imports machinery, boilers, and mechanical appliances—parts, albeit irregularly, with the latest import occurring in May 2024. It regularly exports miscellaneous chemical products, with 17 months of export activity recorded, the last in October 2024.

The company’s website is non-existent, making it difficult to ascertain its specific online presence or e-commerce activities. However, it operates within the “other specialised construction activities n.e.c.” industries, suggesting a focus on bespoke or niche construction services.

Financially, Elite Crete Ltd shows a mixed picture. Current assets decreased by 12%, falling to £300,000, while net assets also dropped by 0.7%, settling at £380,000. Bank borrowings have been reduced significantly, decreasing by 48%, reaching £11,000. Cash reserves also fell by 17%, now at £83,000. Creditors have been reduced by 17%, suggesting better debt management. The company meets two of the three conditions for being a small company—turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—allowing it to benefit from simplified reporting requirements. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The company’s average number of employees has decreased by 17%, falling to five. While the reduction in bank borrowings is positive, the decrease in cash reserves and the drop in assets are concerning. The company's financial data indicates a period of adjustment, and it’s unclear if this is a temporary fluctuation or a sign of longer-term challenges.

Registered in England/Wales under the registration number 02631445, with a registered address at SK6 2QB, Stockport, Unit 6 Bredbury Court, Ashton Road Bredbury.

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