Elite Superstores Limited

Elite Superstores Limited, based in London, UK, is a small, active company founded 34 years ago in 1991. With 14 employees and £1,311,793 in assets, it’s a long-standing business, though it operates from a virtual address shared by 26 other companies. The company is led by four directors, including Cole James Edward, who is also the sole owner and solo founder.

Elite Superstores Limited specializes in the wholesale of clothing and footwear, as well as retail sales via mail order and the internet. It’s a relatively small operation, meeting two of the three conditions to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company’s website isn’t currently active, so it's difficult to assess its current e-commerce presence.

Financially, Elite Superstores Limited shows some concerning trends. While current assets increased by 100% to £1,300,000, cash reserves dropped significantly by 59% to £260,000. Creditors have risen sharply by 81% to £1,100,000, and net losses deepened. The company’s employee count has increased dramatically, from 14 to 27, a 93% increase, which may have contributed to the rise in expenses. The company’s retained earnings and accumulated losses also increased by 640%, to £180,000. With no auditor mentioned, the accounts are unaudited and exempt. It's likely that the company is facing some cash flow challenges, though it's difficult to say for sure without more information.

Registered in England/Wales under the registration number 02589673, with a registered address at WC1V 6HZ, England, London, 1st Floor Cromwell House, 14 Fulwood Place.

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