Elite Range Uk Ltd

Elite Range Uk Ltd is a small, active company based in London, UK, founded six years ago in 2018. With just one employee and £45,535 in assets, it’s a solo-founded operation managed by two directors and a single owner. The company operates in the retail sale via mail order houses or via internet industries. Its registered address is likely virtual, as it’s shared by 47,592 other companies.

The company’s website, while not detailed, suggests a focus on online retail. It’s unclear what specific products or services Elite Range Uk Ltd offers, but the business appears to be leveraging the internet to reach customers.

Financially, Elite Range Uk Ltd presents a mixed picture. While current assets increased slightly to £46,000, net assets jumped significantly to £15,000—a positive sign. Bank borrowings, however, rose considerably to £26,000, and cash reserves increased to £14,000. Creditors decreased by 22%, indicating improved debt management. 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 it to remain nimble, but the increase in borrowings could be a cause for concern. No auditor is mentioned, which is typical for small, exempt companies.

Overall, Elite Range Uk Ltd seems to be navigating the challenges of a small, online retail business. While the financial picture is improving, the increase in borrowings suggests that the company may be relying on external funding to support its operations.

Registered in England/Wales under the registration number 11625356, with a registered address at EC1V 2NX, United Kingdom, London, 128 City Road.

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