Ability Lifts Limited

Ability Lifts Limited, based in Sheffield, UK, is a large holding company with an active status, having been incorporated twenty years ago in December 2004. Despite employing only three people, the company holds assets totaling £1,042,388. With three directors and two owners, and a real address at Khepera Business Centre, it operates in the other construction installation industries. Its Google rating sits at a concerning 2.0 based on fourteen reviews. The company regularly imports machinery, boilers, and mechanical appliances; parts, with its last import operation made on October 01, 2024.

The company's website showcases a comprehensive lift service provider, offering everything from service contracts and repairs to new installations and refurbishments. It highlights a focus on innovation, with solutions for nursing homes, hotels, and private residences, and even offers bespoke lift designs. A section dedicated to "New Lifts" emphasizes platform lifts and home lifts, promoting energy efficiency and customization. The website also features a blog and customer satisfaction survey, indicating a focus on engagement and feedback. It seems the company is trying to present a modern, customer-focused image, despite the low Google rating.

Financially, Ability Lifts Limited shows a mixed picture. While current assets increased by 6.3% to £1,000,000, net assets decreased by 6.0% to £500,000. Bank borrowings surged by a significant 160% to £160, and cash reserves fell by 0.84% to £650,000. Creditors also increased by 20% to £550,000. The company’s size (meeting two of three criteria for a large company) suggests it's navigating a competitive market. Interest income increased substantially, by 450%, which is a positive sign. The company’s unaudited financial statements, prepared by Saffery LLP, do not mention an auditor, likely due to its size.

In conclusion, Ability Lifts Limited appears to be a sizable player in the lift service industry, but its financial performance indicates some challenges. While it’s generating revenue and managing its assets, the increase in borrowings and decline in equity suggest it’s burning through cash. The low Google rating also raises concerns about customer satisfaction and service quality—something the company will need to address to ensure long-term success.

Registered in England/Wales under the registration number 05307764, with a registered address at S13 9LQ, Sheffield, South Yorkshire, Khepera Business Centre, 9 Orgreave Road.

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