B & W Lifting Ltd

B & W Lifting Ltd, based in Billingham, UK, is a small, active company founded fourteen years ago in 2011. Employing seventeen people and holding £1,856,285 in assets, it operates from a virtual address – fifty-four other companies share the same address, which is unusual. The company is a family business, run by two directors and two owners, and boasts a perfect 5.0 Google rating from three reviews. It’s an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances; parts, with the most recent import activity recorded two months ago.

The company’s website positions it as “North East’s Premier Lifting Load Restraint Equipment Experts,” offering a wide range of products including lifting equipment, lashing equipment, and height safety items. It operates both a retail side and a service side, with branches in Teesside and Scarborough. The website also highlights its ability to test and examine equipment, and even offers a BW Sling App and BW Safe Cert System. It’s clear the company is focused on providing comprehensive solutions for lifting and load restraint needs.

Financially, B & W Lifting Ltd’s recent performance shows a mixed picture. Cash reserves fell by 35% to £530,000, while bank borrowings decreased by 29% to £24,000. Creditors increased by 29% to £1,000,000, and trade debtors jumped by 34% to £1,200,000. However, the company’s equity grew by 22% to £1,300,000. The decrease in director remuneration by 28% to £73,000 could be a cost-cutting measure, or perhaps a reflection of the company’s current stage. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from a full audit, and the figures are unaudited. The company is holding steady, but the increase in debt and the drop in cash reserves suggest it’s facing some financial pressure, though the growing equity is a positive sign.

Registered in England/Wales under the registration number 07521472, with a registered address at TS23 4HN, England, Billingham, Durham, C/O Hmb Accountants Limited 18a Manor Way, Belasis Hall Technology Park.

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