Elite Granite (ire) Limited

Elite Granite Ire Ltd, based in Coalisland, UK, is a small, family business with an active status. Founded seven years ago in 2018, the company employs fourteen people and holds £455,402 in assets. It has a real address and is managed by two directors and two owners. The company has a stellar 5.0 Google rating based on eight reviews. They regularly import stone, plaster, cement, and similar materials, with the last import operation occurring three months ago in April 2020.

The company specializes in cutting, shaping, and finishing stone, as well as manufacturing kitchen furniture. They operate as a regular importer, sourcing materials for their stone and furniture work. Their website is currently unavailable, so it's unclear if they operate an e-commerce platform or primarily serve business-to-business clients.

Financially, Elite Granite Ire Ltd shows a mixed picture. While current assets increased by 9.3% to £460,000, net assets grew significantly by 110% to £100,000. However, bank borrowings decreased by 43%, and cash reserves fell by 8.9% to £240,000. Creditors increased by 56%, suggesting they are utilizing credit to fund operations. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in creditors warrants a closer look. The company is exempt from an audit, so the financial data is unaudited.

The company’s financial statements were prepared by McAleer Jackson Ltd. Overall, Elite Granite Ire Ltd appears to be navigating a period of growth, but with some financial pressures.

Registered in Northern Ireland under the registration number NI651815, with a registered address at BT71 4QJ, Northern Ireland, Coalisland, Tyrone, 60 Drummurrer Lane.

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