Els Plant Llp

Els Plant Llp, based in Preston, UK, is a small Limited Liability Partnership with an active trading status. Founded in 2016, the company employs three people and holds £500,000 in net assets. It's a partnership run by three directors, Mr Raymond Gill, Mrs Laura McLoughlin, and Miss Sinead Gill, and maintains a registered address. The company’s core business involves plant machinery and equipment, with a focus on depreciation and impairment.

The company’s website, elsplant.co.uk, is simple and functional, primarily serving as a contact point and outlining the company’s services. It doesn's appear to be an e-commerce site, focusing instead on providing plant machinery services. The site highlights expertise in depreciation methods, accounting standards, and statutory compliance—a clear indication of a specialized service provider.

Financially, Els Plant Llp presents a mixed picture. Cash reserves took a significant hit, falling 39% to £49,000. Bank borrowings decreased slightly, but the most notable change is the dramatic increase in creditors, jumping 76% to £46,000. Trade debtors also increased by 11% to £220,000. Accumulated depreciation impairment for plant machinery decreased significantly, falling 69% to £1,200, which could be due to asset disposals or changes in depreciation policy. Total inventories also increased by 42% to £280,000. The company is exempt from an audit due to its size, and the accounts are described as “filleted.”

While Els Plant Llp appears to be generating revenue (as indicated by the increase in trade debtors and inventories), the rise in creditors suggests potential cash flow pressures. The decrease in cash reserves and the substantial increase in liabilities could be a sign of a startup burning through money. The decrease in property plant equipment is also notable. The company’s small size and reliance on partner management may contribute to these trends. Acorah Software Products produced the accounts.

Registered in England/Wales under the registration number OC367645, with a registered address at LU6 1SU, England, Dunstable, Bedfordshire, Spicer & Co, Staple House, 5 Eleanors Cross.

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