Britton Price Lifts Limited

Britton Price Lifts Limited, based in Hove, UK, is a small, active company founded nine years ago. With 29 employees and £2,492,761 in assets, it operates from a virtual address shared by 166 other companies, a fact that raises some questions. The company has four directors but no officially reported owners. It boasts a perfect 5.0 Google rating based on two reviews, and is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with the latest import activity occurring in September 2024. The company operates in the manufacture of lifting and handling equipment industries.

The company's website, while not providing detailed e-commerce functionality, highlights its focus on lifting and handling equipment. It’s a private limited company, and the branding suggests a focus on quality and reliability.

Financially, Britton Price Lifts Limited presents a mixed picture. Cash bank on hand has dropped significantly, falling by 80% to just £38,000. Debtors have increased by a substantial 36%, reaching £2.2 million, while creditors have also risen by 30%, hitting £2.4 million. Interestingly, the company’s average number of employees has increased by 24% to 36. Equity, however, has remained steady at £110,000. Future minimum lease payments have also increased by 110%, reaching £170,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

The increase in both debtors and creditors suggests the company is expanding its operations, but also potentially facing challenges in managing cash flow. The rise in future lease payments could also be a factor. While the company’s Google rating is excellent, the limited number of reviews means it’s not a definitive measure of customer satisfaction. Overall, Britton Price Lifts Limited appears to be navigating a period of growth, but needs to carefully manage its finances to ensure long-term sustainability.

Registered in England/Wales under the registration number 09685129, with a registered address at BN3 2DJ, England, Hove, East Sussex, Parkers Cornelius House, 178-180 Church Road.

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