Exel Elevator Limited

Exel Elevator Limited, based in Gateshead, UK, is a small, active company founded fifteen years ago. With nine employees and £251,366 in assets, it’s a well-established player in the local market. The company, boasting a perfect 5.0 Google rating from two reviews, operates from a real address and is overseen by three directors and two owners. It’s a regular importer of electrical machinery and equipment, with recent activity recorded in November 2024.

The company specializes in the repair of other equipment, specifically focusing on lift services within Gateshead. Registered in England and Wales, Exel Elevator Limited has a solid foundation, and its website highlights a commitment to quality and reliability. While it’s unclear if the company has any associated businesses, it’s clear that it’s a key provider of lift maintenance and repair services in the region.

Financially, Exel Elevator Limited presents a mixed picture. Current assets have grown by a modest 5.4% to £250,000, while net assets have increased significantly by 46% to £120,000. Bank borrowings have decreased by 39% to £33,000, suggesting improved debt management. However, creditors have also decreased by 89% to £46,000, which could be a sign of delayed payments. 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 creditor levels warrant further investigation. As a small company, it’s exempt from an audit, and the figures are unaudited.

The company's steady import activity suggests a reliance on external suppliers for electrical components, and the growing net assets could be a result of increased efficiency or new contracts. However, the changes in creditor levels are something to keep an eye on.

Registered in England/Wales under the registration number 07259390, with a registered address at NE8 3AT, England, Gateshead, Elevator House, Unit 3 Albany Road.

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