Elite Electrical Contracting Limited

Elite Electrical Contracting Ltd, based in Sutton, UK, is a well-established electrical services provider with a 25-year history. The company, currently active, employs 48 people and boasts impressive assets of £9.2 million. With an annual revenue of £20.08 million, it's a sizable player in the industry. Four directors and a solo founder lead the operation, which has a respectable Google rating of 3.0 based on three reviews. The company is an irregular importer, with its last import operation occurring over four years ago.

Elite Electrical Contracting provides high-quality electrical services, catering to commercial fitout projects. The company’s website highlights its experience and reputation, showcasing projects for major clients like Morgan Sindall and Hachette. It’s clear they’re focused on delivering bespoke solutions for businesses, with a strong emphasis on reliability and original concepts. The site also details a history of organic growth, turning over in excess of £15 million per year.

Financially, Elite Electrical Contracting Ltd presents a mixed picture. While current assets increased by a substantial 51% to £9.2 million, bank borrowings have surged by 170% to £1.2 million. Cash and cash equivalents have also increased significantly by 55% to £4.2 million. However, net losses deepened from £500 to £0, and turnover increased by 6.6% to £20 million. The company’s workforce decreased by 17% to 40 employees, which could indicate streamlining efforts. No auditor is mentioned, which is common for companies of this size. The company’s directors reported a decrease in director remuneration by 88%, suggesting a shift in compensation structure.

Overall, Elite Electrical Contracting Ltd appears to be a stable, though perhaps cash-strapped, business. The increase in borrowings and decrease in workforce could be a sign of investment or restructuring, but the company’s strong revenue and asset base suggest it’s well-positioned for continued success.

Registered in England/Wales under the registration number 03790772, with a registered address at SM2 7BD, Sutton, Surrey, 30 Upper Mulgrave Road.

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