Elvatech Ltd

Elvatech Ltd, based in Bristol, UK, is a small, active company founded ten years ago in 01 May 2014. With £665,887 in assets and a real registered address, it’s a solo-founded operation run by two directors and one owner, Bernardi Marco. The business operates in the retail sale of audio and video equipment in specialised stores, and is a regular importer and exporter of musical instruments and parts, with 227 months of import activity and 11 months of export activity recorded.

The company's website is currently unavailable, making it difficult to assess its online presence and e-commerce activities. It is unclear if the company operates an online store or relies solely on wholesale or retail partnerships.

Financially, Elvatech Ltd presents a mixed picture. While bank overdrafts have increased significantly by 220% to £99,000, cash reserves have also seen a dramatic rise of 610% to £79,000. Creditors have increased by 45% to £320,000, while trade debtors have risen by 23% to £310,000. Perhaps surprisingly, the company has increased its employee count from zero to seven. 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 agile, but the increased overdraft and creditors suggest a need for careful cash flow management. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

The increase in employees, despite the lack of website presence, suggests a focus on fulfilling existing orders and potentially expanding operations. The rise in creditors could be a result of increased purchasing to meet demand, while the increase in bank overdrafts may indicate a short-term funding gap. The company's success will likely depend on its ability to maintain strong relationships with suppliers and customers, and to effectively manage its cash flow.

Registered in England/Wales under the registration number 09020915, with a registered address at BS1 3QY, Bristol, 74 Stokes Croft.

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