Elx Solutions Ltd

Elx Solutions Ltd, based in Bolton, UK, is a small, active company founded five years ago in 2019. With eight employees and £236,838 in assets, it operates from a real address shared by six other companies. The business is led by two directors and two owners, and it’s an irregular importer, primarily dealing with optical and medical tools and devices, with its last import operation occurring one months ago in June 2022.

The company’s website, EnergyLogix, reveals a focus on energy management software for businesses. It offers a platform designed to help enterprises reduce energy consumption and costs, providing tools for data management, invoice validation, reporting, analytics, and carbon reporting. The website highlights its modular approach, targeting both multi-site enterprises and brokers/consultants seeking to deliver energy services to their clients. The site also mentions a partnership with ELX Solutions Ltd, indicating a branding or operational connection.

Financially, Elx Solutions Ltd presents a mixed picture. While net assets decreased significantly by 97% to just £2,500, cash reserves increased by 6.3% to £27,000. Bank borrowings decreased by 15%, and creditors increased by 3.7%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial equity decline warrants attention. The company's development costs, once a significant £600,000, are now at zero. There is no auditor mentioned, likely due to its status as a small company, meaning the financial statements are unaudited. The company's average number of employees has increased slightly to nine.

Registered in England/Wales under the registration number 12269209, with a registered address at BL1 4QZ, England, Bolton, C/O Charles & Co Suite 15, Highfield House, 185 Chorley New Road.

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