Lifts Direct Limited

Lifts Direct Limited, based in Witney, UK, is a small, active company founded five years ago in 2020. Employing just one person, the company holds £139,044 in assets and operates from a real address. Managed by a single director and owner – a solo founder – Lifts Direct has a rather low Google rating of 1.0 based on just one review. The company regularly imports machinery, boilers, and mechanical appliances, with parts imported for the past three months.

The business appears to focus on lift services, as evidenced by its listing as a lift service provider in Long Hanborough. The company operates within the “other construction installation industries,” and its website, though currently unavailable, likely details its services.

Financially, Lifts Direct shows a mixed picture. Current assets have seen a significant jump, increasing by 3500% to £140,000, while net assets have dramatically improved, rising by 130% to £22,000. However, cash reserves have also seen a substantial increase, jumping 330% to £17,000. Creditors have also risen, increasing by 64% to £130,000. Trade debtors have ballooned by a staggering 890%, reaching £120,000. Bank borrowings have increased by 29% to £84,000. 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 increase in trade debtors and creditors suggests a need for careful cash flow management. As a small company, it’s exempt from an audit, so the figures are unaudited.

The significant increase in trade debtors is a point to watch; it could be a sign of growth, but also a potential risk if payments aren’t collected promptly. The company’s reliance on a single director and owner may also present challenges in the long run, but the recent financial improvements are encouraging.

Registered in England/Wales under the registration number 12596903, with a registered address at OX29 8LH, England, Witney, Wychwood House 14 Hanborough Business Park, Long Hanborough.

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