Gm Lifting Limited

Gm Lifting Limited, based in Eastleigh, UK, is a small, active company founded 23 years ago. With 12 employees and £289,585 in assets, it’s a long-standing operation run by two directors and a single owner—the solo founder. The company is a irregular importer, bringing in electrical machinery and equipment for a month, with its last import operation recorded in June 2023.

Gm Lifting focuses on providing contract lifting services, supplying qualified personnel like crane supervisors, operators, and riggers. It offers a range of services, from large complex lifts to smaller site lifts, adhering to safety standards. The company also provides crane hire, ranging from 8T to 500T cranes, and offers planning consultancy, including site visits, risk assessments, and lift plans. Its website highlights its expertise and commitment to quality, featuring testimonials from satisfied clients.

Financially, Gm Lifting Limited shows a mixed picture. Cash reserves increased significantly by 340%, reaching £36,000, which is a positive sign. However, net assets declined by 680%, dropping to £69,000—a notable decrease. Bank borrowings also decreased by 46%, falling to £38,000. Trade debtors decreased by 22%, suggesting improved collection efforts, but creditors increased by 2.7%. The company meets two of three criteria to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 25 employees), which helps it maintain flexibility. With no auditor mentioned, the financial statements are unaudited.

Overall, Gm Lifting appears to be navigating a period of change. The increased cash reserves are encouraging, but the decrease in net assets warrants attention. The company's long history and experienced teams suggest resilience, but continued monitoring of its financial performance will be important.

Registered in England/Wales under the registration number 04421821, with a registered address at SO50 4QN, Eastleigh, Hampshire, 22 Denbigh Close.

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