Elite Innovations Group Ltd.
- Small
- Active
- 9 years
- 18 employees
- £1,370,532 (assets)
- Real address
- 1 director
- 1 owner
- Regular importer
- Regular exporter
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Elite Innovations Group Ltd, based in Liverpool, UK, is a small, active company founded nine years ago. With 18 employees and £1,370,532 in assets, it’s a modest operation overseen by a single director and owner, Tate James Frederick. The company regularly imports and exports electrical machinery and equipment – 141 months of import activity and 57 months of export activity recorded, with the latest export in November 2024.
The company's website reveals a focus on wholesale of used iPhones, specializing in original devices. They operate globally with offices in the UK, EU, and Africa, providing fast delivery to businesses. They stock thousands of devices, graded from A to D, catering to both marginal and reverse VAT schemes. The website emphasizes building long-term relationships and providing fast customer service.
Financially, Elite Innovations Group Ltd shows some concerning trends. Average number of employees dropped by a significant 22%, from 18 to 14. Bank borrowings have increased substantially, a 130% rise to £350,000, while cash reserves have tripled to £300,000. Creditors have also increased by 130%, reaching £570,000. The company’s net assets have decreased by 29%, falling to £430,000. Trade debtors have also increased, a 26% rise to £960,000. 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. There's no auditor mentioned, likely due to the small company status.
Overall, Elite Innovations Group Ltd appears to be facing some financial pressures, with rising debts and a decrease in equity. The increased bank borrowings suggest the company may be investing in growth, but the drop in net assets warrants closer scrutiny. The company's reliance on a single director and owner could also present a management risk.
Registered in England/Wales under the registration number 09936619, with a registered address at L22 9QF, United Kingdom, Liverpool, Merseyside, The Bank 159 St Johns Road, Waterloo.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 9 years
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 9 years
- 1
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted five months ago.
Last news
-
Total exemption full accounts made up to 2024-03-31Download 10 pages pdf report
-
Confirmation statement made on 2025-01-05 with no updatesDownload 3 pages pdf report
-
Termination of appointment of Myles John Grant-Smith as a director on 2024-12-20Download 1 page pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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FAQ about Elite Innovations Group Ltd.
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