ELASTACLOUD LIMITED

• ⚠

  Material uncertainty over going concern

  The directors have resolved to cease trading and to arrange for the Company to be dissolved during the next financial year. As a result, the financial statements have not been prepared on a going concern basis. Instead, they have been prepared on a break-up basis, under which assets are stated at their estimated net realisable value and provisions have been made for all expected costs associated with the wind-up of the Company.

• ◆

  2 PSCs 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

  -36%

  £14,573,977 → £9,323,687

• Cash

  -81.7%

  £4,821,893 → £881,753

  lowest in 5 filed years

• Net assets

  -15.5%

  £7,227,700 → £6,105,632

• Employees

  -46.2%

  225 → 121

• Operating profit

  +1.4%

  -£2,335,483 → -£2,301,856

• Profit before tax

  +1.9%

  -£2,252,690 → -£2,210,504

• Wages

  -28.7%

  £8,815,644 → £6,285,696

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Galloways Accounting (Audit) Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors have resolved to cease trading and to arrange for the Company to be dissolved during the next financial year. As a result, the financial statements have not been prepared on a going concern basis. Instead, they have been prepared on a break-up basis, under which assets are stated at their estimated net realisable value and provisions have been made for all expected costs associated with the wind-up of the Company.”

Group structure

1. ELASTACLOUD LIMITED · parent
   1. Elastacloud SL 100% · Spain · Software development / consultancy
   2. Elastacloud LLP 99.01% · India · Software development / consultancy
   3. Elastacloud LLC 100% · United States of America · Dormant

Significant events

• “The directors have resolved to cease trading and to arrange for the Company to be dissolved during the next financial year.”
• “Provisions have been made for all expected costs associated with the wind-up of the Company.”

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

Filings

4

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.