Lamech Lifts Ltd

Lamech Lifts Ltd is a small, active company based in Great Yarmouth, UK, founded six years ago in 2019. With a real address and a Google rating of 5.0 from 59 reviews, it's a well-regarded local business. The company employs just one person and holds £951,710 in assets, managed by a single director and owner – the solo founder. It’s an irregular importer of electrical machinery and equipment, with just one month of imports recorded as of September 2023.

The company’s website highlights its focus on lift maintenance, repairs, and inspections, catering to both commercial and residential clients. Services range from new lift installations to LOLER inspections and passenger release guidance. It also offers consultancy work and even disaster recovery for damaged lifts, demonstrating a comprehensive approach to lift safety and reliability. The website mentions a 24/7 call-out service, indicating a commitment to responsive customer support.

Financially, Lamech Lifts Ltd shows a mixed picture. Current assets increased by 29%, reaching £950,000, while cash reserves grew by 16%, reaching £830,000. However, trade debtors have surged by 350%, reaching £120,000, which could indicate challenges in collecting payments or a shift towards offering credit to customers. Creditors decreased by 8%, suggesting better debt management. 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 agility, but the significant increase in debtors warrants monitoring. No auditor is mentioned, consistent with its status as a small company exempt from an audit.

Overall, Lamech Lifts Ltd appears to be a financially stable operation, though the increase in debtors should be watched closely. Its focus on specialized lift services and commitment to customer support position it well within its local market.

Registered in England/Wales under the registration number 11974903, with a registered address at NR29 3FD, England, Great Yarmouth, 3 Hall Close, Fleggburgh.

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