Elite Door Solutions Ltd

Elite Door Solutions Ltd, based in Halifax, UK, is a small holding company with an active status. Founded seven years ago in 2018, the company employs 26 people and holds £2,169,457 in assets. It operates from a virtual address – a fact highlighted by the presence of 107 other companies registered at the same location – and is managed by two directors and one owner. The company boasts a respectable Google rating of 4.0 based on seven reviews. Elite Door Solutions is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with just one month of import activity recorded as of December 2022.

The company’s website is minimal, suggesting a business-to-business focus rather than direct consumer sales. It appears to operate within the joinery installation industries, likely supplying doors and related products to construction projects or retailers. There's no indication of an e-commerce presence, implying a reliance on direct sales and potentially larger contracts.

Financially, Elite Door Solutions Ltd presents a mixed picture. While current assets increased by 10% to £2,400,000, net losses deepened to -£23,000. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 58% to £54,000. Trade debtors ballooned by 16%, suggesting delayed customer payments or expanded credit terms, and creditors rose 5.1% to £2,400,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s reliance on imports, particularly with just one month of recent activity, could make it vulnerable to supply chain disruptions. The increase in debt, coupled with declining cash reserves, suggests the company is burning through money, and it's a concern. The management team, consisting of Dawson Paul Ian and Agus Lee Daniel Benjamin, will need to address these financial pressures to ensure the company’s long-term viability.

Registered in England/Wales under the registration number 11260769, with a registered address at HX1 1SP, England, Halifax, West Yorkshire, Empire House, 11 Mulcture Hall Road.

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