Eristel Ltd

Eristel Ltd is a small, active company based in Reading, UK, founded four years ago. It’s a solo-founder operation with three employees and £38,179 in assets, operating from a real address. The company, led by a single director and owner, Butt Saqib Ilyas, runs an e-commerce site.

The website, eristel.co.uk, showcases a wide range of products, from accessories and clocks to furniture and pet supplies. It's clearly aiming for a broad customer base, offering everything from kitchen appliances to garden supplies. The site emphasizes "Powering Culinary Creations!" and "Bring the Best Experience Home," suggesting a focus on quality and customer satisfaction. The site also features promotional banners and special offers, indicating an active marketing strategy. The site's categories are well-organized, and the search function seems easy to use.

Financially, Eristel Ltd’s numbers tell a mixed story. Cash bank on hand has decreased by 22%, dropping to £27,000, while current assets have fallen by 36% to £38,000. Debtors have seen a significant drop, decreasing by 55% to £12,000, which could indicate improved collection efforts or a change in credit policy. However, creditors have also decreased by 52%, to £19,000, and net assets have fallen by 6.6% to £20,000. Loans from directors have also decreased by 26%, to £6,400. The company's small size—meeting two of three conditions to be considered small—helps it stay nimble, but the decrease in net assets is something to keep an eye on. No auditor is mentioned, which is common for small companies.

The company’s retained earnings also decreased, which could be due to reinvestment in the business or perhaps a period of lower profitability. The decrease in cash reserves, combined with the increase in creditors, suggests the company might be managing its cash flow more tightly. Overall, Eristel Ltd appears to be a small, growing business, but it’s facing some financial headwinds that it will need to address to ensure its long-term sustainability.

Registered in England/Wales under the registration number 13301685, with a registered address at RG6 3XA, England, Reading, 3 Easby Way, Lower Earley.

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