Elevator Maintenance Company Ltd

Elevator Maintenance Company Ltd, based in Hadleigh, UK, is a small, active company founded four years ago. With a single employee and £352,846 in assets, it operates from a virtual address, a detail flagged by the presence of 36 other companies registered at the same location. The company is led by one director and two owners, with ownership details changing two years ago. It's a regular importer of machinery, boilers, and mechanical appliances, with recent import activity recorded just four months ago.

The company's website, Elevator Maintenance, focuses on providing lift maintenance solutions to a variety of lift types, from platform lifts to high-end passenger lifts. It emphasizes expert engineers, quality service, and exceeding client expectations. Testimonials from Archetype Associates Ltd, Wendy McMillan, Jill Norman, Karen T, and Oz Lancaster highlight the company's reliability, expertise, and competitive pricing. The website also features a blog with helpful articles on lift maintenance and safety.

Financially, Elevator Maintenance Company Ltd presents a mixed picture. While net assets have plummeted by 99%, dropping to a mere £100, cash reserves have dramatically increased by 980%, reaching a substantial £61,000. Bank borrowings have surged by 3,700%, reaching £3,700, and creditors have increased by 1,600%, reaching £360,000. Trade debtors have also increased significantly, rising by 920% to £290,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the significant equity decline warrants attention. Depreciation rates for both office equipment and plant machinery remained constant. With no auditor mentioned, the financial statements are unaudited.

The company’s growth in cash reserves suggests improved cash flow management, but the sharp decline in equity and the increase in borrowings could indicate that it's burning through money to fuel expansion. The reliance on a single employee and the virtual address raise questions about scalability, but the positive client testimonials and the focus on a specialized service—lift maintenance—offer a foundation for continued success.

Registered in England/Wales under the registration number 13266678, with a registered address at IP7 6RD, United Kingdom, Hadleigh, Suffolk, 9 Byford Court, Crockatt Road.

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