ELITETELE.COM PLC

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -35.7%

  £26,261,109 → £16,889,840

• Cash

  -58.6%

  £2,297,156 → £951,918

  lowest in 3 filed years

• Net assets

  -70%

  £11,670,596 → £3,497,874

  lowest in 3 filed years

• Employees

  -54.2%

  120 → 55

  lowest in 3 filed years

• Operating profit

  +130.6%

  -£4,380,719 → £1,339,556

• Profit before tax

  +197.5%

  -£1,423,724 → £1,388,281

  highest in 3 filed years

• Wages

  -51.3%

  £5,492,605 → £2,676,459

  lowest in 3 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. ELITETELE.COM PLC 2000-09-01 → present
2. ELITE TELECOMMUNICATIONS (UK) LTD 1996-07-24 → 2000-09-01

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. ELITETELE.COM PLC · parent
   1. Elitetele.com Mobile Limited 100% · Unified Communications
   2. Nexus Telecom Limited 100% · Dormant
   3. Qualitel Voice & Data Limited 100% · Dormant
   4. Nexus Telecommunications Limited 100% · Dormant

Significant events

• “Company revenues have been adversely impacted by a material corporate reorganisation of Elitetele.com plc implemented in the prior financial year.”
• “The Board of Directors made the decision to discontinue activities pertaining to the IT Services sold through Elitetele.com plc, implementing a corporate reorganisation that separated the Communications and IT Services operations into two standalone trading companies.”
• “This significant change implemented on 1st April 2024 has been driven by customer value, providing greater focus in service delivery for customers, enabling the Company to better develop the people, services, systems and processes specifically required to bring more value and deliver the best Customer Experience (CX) possible.”
• “In the continued operations for Elitetele.com plc, the 2027 (formerly 2025) PSTN Switch Off and the shift in market forces away from high call volume telco products and services to newer Unified Communications (UC) technology that affords a lower revenue per customer/user spend, has adversely impacted total revenue in the year, albeit in line with expectations.”
• “Overall trading during the period to July 2025 has taken place against a backdrop of challenging UK economic conditions. Persistent inflationary pressures, alongside increases in employer National Insurance contributions and the National Minimum Wage, have continued to place significant cost pressures on UK businesses, particularly within SME's which represent a core part of Elite's customer base.”
• “The Company continued to maintain a solid financial position at year end, with cash balances of £951,918 (2024: £2,297,156). The reduction in cash during the year primarily reflects the repayment of £2.0m of bank borrowings via the parent company.”
• “The PSTN switch off in 2027 (formerly 2025, prior to BT announcing the delay in May 2024) is the single biggest compelling event in the communications sector since the privatisation of BT in 1984 and the deregulation of the UK telecommunications market in the 1990's.”
• “The corporate reorganisation undertaken between November 2023 and April 2024 represented the most significant change programme in the Company's history. This six-month initiative was delivered through four critical workstreams covering People, Customers, Suppliers, and Business Systems & Data, and was underpinned by the values, behaviours and leadership principles aligned with the Company's Investors in People Gold accreditation.”
• “The company successfully achieved ISO 14001 certification for its Environmental Management System, marking a significant milestone in strengthening its environmental governance and sustainability framework.”
• “On 1 April 2024 the company entered into an agreement to sell the IT trade and assets of the business to Netcentrix Limited, a member of the same wholly owned group.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.