Elite Imports Limited

Elite Imports Limited, based in Andover, UK, is a small, active company established 39 years ago. With four employees and £3,020,043 in assets, it's a long-standing player in the UK import market. The company, which has two directors and no reported owners, operates from a real address and has been importing dairy, eggs, honey, and edible animal products for 44 months, with the most recent import occurring in August 2024. It's a private limited company registered in England/Wales and operates within the wholesale of dairy products, eggs, and edible oils and fats industries.

While the company maintains a physical presence and a steady import stream, its website is conspicuously absent. This suggests a business primarily focused on B2B wholesale, relying on established relationships rather than direct consumer sales. It's likely they supply to larger distributors or retailers, rather than operating an e-commerce platform themselves.

Financially, Elite Imports Limited presents a mixed picture. While cash reserves remain robust at £1.1 million, and creditors are at £2 million, there's a noticeable decline in equity, dropping by 2.1% to £1 million. Fixed assets have shrunk significantly, falling 57% to just £6,000, which could indicate a shift in investment strategy or depreciation of existing equipment. Trade debtors have increased by 27%, which might be a sign of slower payments from customers or a deliberate policy of extending credit terms. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in equity warrants further scrutiny. The accounts are abridged and unaudited, meaning the figures are director-reported and haven't been independently verified.

Overall, Elite Imports Limited seems to be navigating a period of adjustment. While it maintains a stable import operation and healthy cash position, the declining equity and shrinking fixed assets suggest a need to carefully manage expenses and potentially explore new revenue streams.

Registered in England/Wales under the registration number 01990966, with a registered address at SP10 4LJ, Andover, Hampshire, 1 Lubeck Drive.

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