Elitis Uk Ltd

Elitis Uk Ltd, based in London, is a small, active company founded just four years ago. With seven employees and £654,517 in assets, it operates as a regular importer of man-made staple fibers (90 months of activity, last in February 2025) and a regular exporter of raw hides and skins and leather (8 months, last in January 2025). The company is led by two directors and a single owner, who also serves as the solo founder.

Elitis Uk Ltd specializes in the editing of high-end fabrics and wallpapers, showcasing collections and offering a range of accessories. Its website highlights a philosophy of innovation and metamorphosis, inviting new materials and reshaping ideas of linen, quartz, and wood. The site also features a dedicated section for "Elitis Projects," showcasing collaborations with designers and architects. It’s clear the company is focused on a premium market, with a strong emphasis on design and quality.

Financially, Elitis Uk Ltd presents a mixed picture. While current assets decreased by 41% to £650,000, and net current assets liabilities plunged to -£130,000, trade debtors increased by a significant 110%, suggesting a possible shift in payment terms. Cash bank on hand also declined by a considerable 62% to £370,000. The company’s equity experienced a sharp drop of 72%, falling to just £70,000. Bank borrowings increased by 2,400%, reaching £75,000. It’s worth noting that the company’s small size (meeting two of three conditions for being classified as small) means it’s likely exempt from a full audit, so the figures are unaudited. The company’s auditors are Spencer Hyde Limited. The sharp decline in equity, coupled with the increased bank borrowings, suggests the company is burning through cash faster than it’s generating revenue. However, the increase in trade debtors could indicate a strategy to boost sales, although it also carries the risk of bad debts.

Registered in England/Wales under the registration number 12826604, with a registered address at SW10 0XE, United Kingdom, London, 1/22 Chelsea Harbour Design Centre.

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