B.e.l. Lift Trucks Limited

Bel Lift Trucks Ltd, based in Newcastle Upon Tyne, UK, is a small, holding company with an active status, celebrating 74 years in business. Established in 1950, it employs 19 people and holds assets of £1,420,638. The company has a real address and is overseen by three directors and two owners, boasting a stellar 5.0 Google rating from two reviews. They regularly import machinery, boilers, and mechanical appliances; parts, with 41 months of import activity recorded, the last operation made on January 01, 2025.

The company's website, infobellifttrucks.com, reveals a focus on material handling equipment sales, hire, and repairs. They operate as dealers for Clark and BYD forklifts, offering new and used sales, parts, and training. The website also highlights their expertise in forklift sales, hire, servicing, and LOLER thorough examinations. They even provide a blog with news and updates, and a section detailing areas they cover, from Newcastle to Scotland.

Financially, Bel Lift Trucks Ltd’s recent performance shows some mixed signals. Creditors have decreased by 18%, which is a positive sign, but bank borrowings have increased significantly, with overdrafts rising by 40%. Cash on hand has also fallen by 55%. While net assets increased by 3.5%, a large portion of this is due to a 31% increase in deferred tax liabilities. Trade debtors have fallen by 28%, which could be a good thing, but also indicates a decrease in sales. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the changes in bank borrowings and cash reserves suggest a need for careful financial management. No auditor is mentioned, which is common for small companies.

Overall, Bel Lift Trucks Ltd appears to be a well-established business with a strong reputation, but the financial data indicates a company that is facing some challenges and needs to keep a close eye on its cash flow.

Registered in England/Wales under the registration number 00488079, with a registered address at NE6 4LT, 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.