Lift Craft Limited

Lift Craft Limited, based in Oldbury, UK, is a small, family-run business with an active status, celebrating 37 years in operation. Employing 21 people and holding £1,380,400 in assets, the company operates from a real address and is led by three directors and two owners. Its Google rating sits at a perfect 5.0 based on five reviews, reflecting a strong reputation. The business regularly imports machinery, boilers, and mechanical appliances, with parts imported for the last three months.

The company’s website highlights its focus on the manufacture and installation of lifts, specializing in bespoke designs. It’s a key contractor for Fusion21’s National Lifts Framework, a four-year agreement worth up to £80 million. Lift Craft’s website also emphasizes its qualified engineers, customer-focused approach, and commitment to quality products built to last. They also have a showroom in London.

Financially, Lift Craft Limited presents a mixed picture. Cash bank on hand has dramatically increased by 650%, reaching £810,000, which is a positive sign. However, creditors have also risen, with both short-term and long-term liabilities increasing by 37% and 14% respectively. Debtors have decreased by 15%, and inventory has fallen by a significant 82%, suggesting a potential need to manage stock levels. Despite these challenges, retained earnings have grown by 32%, and fixed assets have increased by 51%, reflecting investment in equipment. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the increased debt and reduced inventory warrant close monitoring. There was no auditor mentioned in the report, likely due to the company's exemption as a small entity.

Overall, Lift Craft Limited appears to be a stable business with strong growth potential, but it needs to carefully manage its liabilities and inventory to ensure long-term financial health.

Registered in England/Wales under the registration number 02221958, with a registered address at B69 2PG, England, Oldbury, Elevator Works Britannia Street, Tividale.

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