Durham Lifting Limited

Durham Lifting Ltd, based in Middlesbrough, UK, is a small, holding company with an active status, having been founded 28 years ago in 1996. The company employs 37 people and holds assets totaling £1,602,067. With two directors and one owner, it operates from a real address and regularly imports and exports machinery, boilers, and mechanical appliances, parts.

The company's website, durhamlifting.co.uk, showcases a broad range of services and products, indicating a focus on lifting and handling equipment solutions. It’s not a typical e-commerce site with a shopping cart; instead, it functions as a detailed brochure highlighting capabilities and expertise. The website emphasizes testing, manufacture, and fabrication, along with a wide array of lifting equipment, from modular spreader beams to bespoke solutions. It also offers crane installation, maintenance, and servicing, as well as a heavy lifting equipment hire service. The site’s blog content reinforces its expertise in safety solutions.

Financially, Durham Lifting Ltd presents a mixed picture. While current assets increased by 18% to £1,600,000, net losses deepened from -£40,000 to -£100,000. Bank borrowings increased by 8.5% to £130,000, and cash reserves fell by 68% to just £2,100. Trade debtors increased by 41% to £1,200,000, suggesting potential issues with customer payments. Creditors decreased by 6.9% to £1,500,000, which is a positive sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the sharp loss increase raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Durham Lifting Ltd seems to be navigating a period of financial pressure, despite its strong service offerings and established presence in the industry. The company’s focus on bespoke solutions and heavy lifting equipment suggests a niche market strategy, but the need to manage cash flow and control losses will be crucial for its long-term success.

Registered in England/Wales under the registration number 03208012, with a registered address at TS2 1HB, Middlesbrough, Cleveland, Britannia Test House, Romaldkirk Road.

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