Js Lifts Ltd

Js Lifts Ltd from Leigh On Sea UK: a small, active company founded eight years ago, employs four people, and holds £66,973 in assets. It’s a family business with two directors and two owners, operating from a real address. The company is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances – parts, with the last import operation recorded two months ago in March 2022.

Js Lifts Ltd's core business appears to involve repair of machinery, acting as agents for machinery, industrial equipment, ships and aircraft, and providing other business support services. The company's website is minimal, offering little insight into its operations beyond its core services. There's no obvious e-commerce presence, suggesting a business-to-business model rather than direct sales to consumers.

Financially, Js Lifts Ltd presents a mixed picture. While turnover isn’s mentioned, its small size (meeting two of three conditions for a small company: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) is a positive. However, net assets have fallen significantly, dropping by 160% to -£8,800. Cash reserves have also declined by 45% to £31,000. Bank borrowings have increased, with an overdraft rising by 2.5%, and creditors have jumped 55%. Trade debtors have also increased significantly, by 63%. The company’s director signing financial statements, however, seems to be doing a good job.

The sharp decline in equity is a cause for concern, suggesting potential financial strain. The rise in creditors and debtors could be related to increased business activity, but it also warrants closer monitoring. With no auditor mentioned, the figures rely on unaudited statements. Overall, Js Lifts Ltd is navigating a challenging financial landscape, but its small size and family ownership may provide resilience.

Registered in England/Wales under the registration number 10412992, with a registered address at SS9 3PT, United Kingdom, Leigh On Sea, 33 Sutherland Boulevard.

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