Aspect Lifts Ltd

Aspect Lifts Ltd, based in Sidcup, UK, is a small, active company founded 21 years ago. Employing 18 people and holding assets of £2,749,644, it operates from a virtual address shared by many other businesses, a bit odd really. The company is led by nine directors and owned by Gillmurray William John, although the ownership list changed a couple of years back. It’s a regular importer of electrical machinery and equipment, bringing in goods for eight months, with the most recent import happening in February 2025.

The company’s website, aspectlifts.com, focuses on lift maintenance, repairs, installations, and modernisation services, primarily serving London and the Southeast. They’re particularly proud of their transition to an Employee Ownership Trust (EOT), emphasizing that every team member now has a vested interest in the company's success, which is good to hear. They even have a showroom in Harrods, which is impressive. The site highlights a commitment to customer needs and showcases their expertise in lift technology, with a focus on reliability and value. They even offer bespoke lift solutions, which is nice.

Financially, Aspect Lifts Ltd shows a mixed picture. While current assets dipped slightly to £2.7 million, bank borrowings increased by a whopping 2,400% to £29,000, and cash reserves fell 10% to £910,000. Trade debtors decreased by 13% to £1.5 million, suggesting better collection efforts, and creditors also decreased by 12% to £590,000. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the rise in borrowings and drop in cash are something to keep an eye on. There’s no mention of an auditor, which is typical for a small, exempt company.

Overall, Aspect Lifts Ltd seems to be navigating a period of change, with the EOT transition and fluctuating financials. It’s a small business with a strong local presence, but it's important to see how the company manages its debts and maintains its cash flow going forward.

Registered in England/Wales under the registration number 04802563, with a registered address at DA14 4DT, Sidcup, Kent, 12 Hatherley Road.

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