Elss Engineering Limited

Elss Engineering Ltd, based in Limavady, UK, is a small, active family business founded 20 years ago. Employing nine people, the company holds £2,961,097 in assets and operates from a real address within the Windyhill Retail Park. With three directors and two owners at the helm, Elss Engineering is a long-standing presence in the region. The company regularly imports plastics and plastic products, having done so for 20 months, and exports electrical machinery and equipment, with 33 months of export activity recorded.

The company’s website is not available, making it difficult to determine the scope of their operations beyond what is stated in the report. It is likely that they are a B2B supplier, given their focus on importing and exporting industrial goods.

Financially, Elss Engineering Ltd presents a mixed picture. Cash reserves have seen a dramatic increase, soaring by 12,000%, reaching a substantial £1,900,000. This is a significant positive, suggesting a period of strong cash flow. However, net assets have also increased by 64%, reaching £1,600,000, while retained earnings and accumulated losses have increased by 200%. Bank borrowings have decreased by 43%, reaching £13,000, and creditors have decreased by 38%, suggesting better debt management. Trade debtors have increased by 8%, suggesting a delay in payments. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

Overall, Elss Engineering Ltd appears to be in a healthy position, with strong cash reserves and improved debt management. The company's long-standing presence and focus on importing and exporting suggest a stable business model, though the increase in retained earnings and accumulated losses should be monitored.

Registered in Northern Ireland under the registration number NI054920, with a registered address at BT49 0RA, Limavady, County Londonderry, Unit 3, Windyhill Retail Park, 16 Windyhill Road.

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