Elsatex Ltd

Elsatex Ltd, based in Rochester, UK, is a small, active company founded nineteen years ago in 2005. With eight employees and £5,823,761 in assets, it operates from a real address and is overseen by three directors and two owners. The company regularly imports and exports various textile products, sets, used clothing, and rags—a consistent pattern spanning 316 months of imports and 73 months of exports.

Elsatex Ltd functions as a leading manufacturer and supplier of textile products, specializing in contract textiles for sectors like healthcare, hospitality, and government contracts. Its website highlights a focus on ethically sourced, sustainable manufacturing, with a production facility in Bangladesh and a cooperative network. The company also offers bespoke textile solutions and operates a high-end piano restoration division, 1066 Pianos, which is quite impressive.

Financially, Elsatex Ltd demonstrates a generally healthy position, though with some fluctuations. Current assets increased by 7% to £5,800,000, while net assets grew by 4.6% to £3,400,000. Cash reserves saw a substantial jump, rising 38% to £2,600,000. However, creditors also increased by 10% to £2,400,000. Trade debtors increased too, by 8.1% to £2,200,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the rise in debtors suggests a need to monitor payment collections. No auditor is mentioned, which is expected for a company of this size.

Overall, Elsatex Ltd appears to be a stable, well-established business with a strong focus on ethical sourcing and contract textile solutions. The dual business model, with the piano restoration division, adds an interesting dimension to the company’s profile, although its financial impact isn't immediately clear.

Registered in England/Wales under the registration number 05639679, with a registered address at ME2 2BD, Rochester, Kent, Vulcan House, Priory Road.

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