Atlantic Fork Lifts Limited

Atlantic Forklifts Ltd, based in Newcastle Upon Tyne, UK, is a small holding company with an active status, celebrating 26 years in business. Employing 14 people, the company holds assets totaling £1,404,576 and operates from a real address. With three directors and two owners, Atlantic Forklifts focuses on importing machinery, boilers, and mechanical appliances—parts for 15 months—and occasionally exporting electrical machinery and equipment for just one month.

The company’s website highlights its role as a dealer for Clark forklifts, offering a wide range of new and used equipment, including diesel, LPG, and electric models. It provides services like sales, hire, finance, maintenance, and training, catering to various industries. The site also features a media library showcasing Clark products and a section for recruitment. Atlantic Forklifts emphasizes family ownership and provides fleet management solutions, aiming to be specialists in material handling equipment throughout the Northwest.

Financially, Atlantic Forklifts Ltd presents a mixed picture. While bank borrowings decreased significantly by 68%, falling to £18,000, cash reserves remained steady at £420. However, creditors increased by 21%, reaching £77,000, and net deferred tax liability grew by 26%, rising to £150,000. The company's assets have decreased by 14%, falling to £1,400,000. The business meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The increase in creditors, while offset by reduced bank borrowings, suggests potential cash flow pressures. The company’s reliance on imports, particularly for parts, could be affected by supply chain disruptions. With no auditor mentioned, the financial statements are unaudited, relying on director-reported data.

Registered in England/Wales under the registration number 03594501, with a registered address at NE6 4LT, England, Newcastle Upon Tyne, Bel House, Fisher Street.

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