Classic Lifts (scotland) Limited

Classic Lifts Scotland Ltd, based in Liverpool, UK, is a small holding company with an active status, having been founded 26 years ago in 1998. The company employs 25 people and holds assets valued at £3,083,402. It operates from a virtual address – a bit unusual as twenty companies are registered at the same location – and is managed by three directors and one owner. Google users rate it a perfect 5.0 based on four reviews, a testament to its service. The company regularly imports machinery, boilers, and mechanical appliances, with parts imported for seven months, the last import operation occurring in December 2024.

Classic Lifts Scotland Ltd specializes in lift engineering services, offering maintenance, installation, modernisation, and repair, alongside a 24-hour emergency call-out facility. Its website highlights a client portfolio including Hanover Scotland Housing Association and Macdonald Hotels, showcasing its work in both residential and commercial settings. The company also carries out offshore lift engineering work for major oil companies, employing trained engineers available around the clock. It's clear they are aiming to provide a full-service lift solution, from standard installations to complex offshore applications.

Financially, the company presents a mixed picture. While current assets increased by 26% to £3,100,000, net assets grew by just 10% to £2,400,000. Bank borrowings, however, surged by 400% to £370,000, and cash reserves fell by 32% to £1,800,000. Creditors also increased significantly, rising by 91% to £840,000. The company’s small size—meeting two of three criteria for being a small company—allows for agility, but the increase in debt and decrease in cash reserves suggests it might be burning through money. There’s no mention of an auditor, which is common for small companies, so the financial statements are unaudited. It seems like they are investing in growth, but it's important to monitor their cash flow closely.

Registered in England/Wales under the registration number 03571736, with a registered address at L3 9DD, England, Liverpool, America House, Rumford Place.

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