Elite Engineering Services Limited

Elite Engineering Services Ltd, based in Staplehurst, Kent, UK, is a small, active company established 35 years ago. With just three employees and £351,837 in assets, it's a compact operation managed by four directors and one owner. The company, founded in March 1990, regularly imports soaps, cleaning products, and waxes – its last import activity was recorded three months ago in August 2022.

The company's website paints a picture of a broader engineering and construction services provider. It operates under the brand Elite Engineering Services and offers a range of services including prefabricated housing, electrical engineering, mechanical engineering, and contracting. It even has a division specializing in prefabricated housing (PHS) and boasts projects across the Middle East, showcasing a global reach. The website emphasizes innovation, collaboration, and precision, and it’s clear they are trying to build a modern, digitally-driven business.

Financially, Elite Engineering Services Ltd shows some concerning trends. While current assets increased by 3%, net assets decreased by 41% to -£24,000 – a significant drop. Bank borrowings increased by 10%, reaching £26,000, and cash reserves fell 16% to £120,000. Creditors remained relatively stable. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit as a small entity.

Overall, Elite Engineering Services Ltd seems to be facing some financial pressures, despite its ambitious expansion plans. The decrease in equity is a particular cause for concern, and it will be interesting to see how the company navigates these challenges in the coming years.

Registered in England/Wales under the registration number 02477552, with a registered address at TN12 0QY, Staplehurst Kent, Unit 17 Larkstore Park, Lodge Road Industrial Estate.

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