Levate Solutions Ltd

Levate Solutions Ltd from Shrewsbury, UK, is a small holding company with an active status, established eight years ago in 2016. Employing sixteen people, the company holds £1,403,677 in assets and operates from a virtual address, a detail highlighted by the fact that sixty companies are registered at the same location. It’s managed by three directors and owned by three individuals, although the ownership list was changed seven months ago. The company regularly imports machinery, boilers, and mechanical appliances, parts (23 months imported), and occasionally exports vehicles, parts, and accessories (not for trains or trams) (1 month exported).

The company’s website, saleslevatesolutions.com, reveals it specializes in the design, manufacture, and installation of overhead cranes and lifting equipment. They cater to a range of industries, including automotive, galvanizing, foundry, aerospace, and general manufacturing, offering both standard and fully automated material handling systems. Beyond cranes, Levate Solutions also provides industrial control systems, from design and programming to commissioning, showcasing expertise in PLC programming and automation technologies. The site includes an online shop for spares and a contact form for service and sales inquiries.

Financially, Levate Solutions Ltd’s recent performance shows some interesting trends. Property plant equipment has increased by 18%, while depreciation has risen by 50%. Cash reserves have grown substantially, increasing by 200% to £720,000. However, bank borrowings have decreased significantly, dropping 60% to £6,700. Trade creditors have also decreased by 29%, suggesting improved debt management. Net assets have increased by 43% to £150,000. While the company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees, the increase in property plant equipment and depreciation suggests ongoing investment in its equipment and facilities. The company’s financial statements are unaudited, as it is exempt due to its size.

Registered in England/Wales under the registration number 10379950, with a registered address at SY1 3AB, United Kingdom, Shrewsbury, Shropshire, Countrywide House, Knights Way.

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