Elite Embroidery Limited

Elite Embroidery Ltd, based in Newcastle Upon Tyne, UK, is a small, active family business established 24 years ago. Employing 31 people, the company holds £3,006,454 in assets and operates from a real address. With three directors and two owners, it’s a well-established operation, bolstered by a 5.0 Google rating from 78 reviews and a thriving e-commerce site. They regularly import clothing and accessories made by knitting or crocheting, with 9 months of import activity recorded.

The company specializes in finishing of textiles and offers custom branded workwear. Their website showcases a wide range of clothing, from hospitality wear to high-visibility gear, with options for personalization and bulk orders. They boast a bespoke manufacturing service and cater to various sectors, including education, healthcare, and construction. The site also highlights their expertise in embroidery and printing, with detailed guides and artwork support for customers.

Financially, Elite Embroidery Ltd demonstrates a mixed picture. While current assets increased by 10% to £3,000,000, net assets also rose by 11% to £3,100,000. However, bank borrowings increased by a significant 100%, reaching £29,000, and cash reserves fell 10% to £780,000. Trade debtors decreased by 15%, suggesting improved collection rates. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests they are exempt as a small company, and the figures are unaudited.

Despite the rise in borrowings, Elite Embroidery Ltd appears to be a stable operation with a strong online presence and a loyal customer base. The company's focus on customization and quality, combined with its family-run structure, positions it well in the competitive workwear market.

Registered in England/Wales under the registration number 04029354, with a registered address at NE15 6YF, Newcastle Upon Tyne, Elite House Front Street, Bells Close Lemington.

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