Morris Vermaport Limited

Morris Vermaport Limited, based in Chilwell, Nottingham, is a sizable, active company founded 26 years ago. Employing 87 people and holding assets of £7,164,520, it operates as a holding company with three directors and one owner. The company boasts a strong Google rating of 4.0 based on 44 reviews and regularly imports machinery, boilers, and mechanical appliances, with the last import operation occurring in February 2025.

The company's core business revolves around the supply, installation, and maintenance of lifts, as evidenced by its website. MV Lifts offers a range of services, including passenger lift installation, modernisation projects, and emergency repairs. It caters to both residential and commercial clients, with projects ranging from single stairlifts to large-scale installations in hotels and retail spaces. The website highlights a commitment to quality, customer service, and British craftsmanship, emphasizing the company's experience and expertise in the lift industry.

Financially, Morris Vermaport Limited shows some concerning trends. While cash bank on hand increased by a healthy 25% to £610,000, net assets only grew slightly by 4.7% to £2,200,000. Staff costs rose significantly by 27% to £4,500,000, and net losses deepened to £2,900,000. Bank borrowings increased by 11%, reaching £180,000, and trade debtors ballooned by 28% to £3,300,000. Creditors also increased by 20% to £5,000,000. The company is not required to have an auditor, so the financials are unaudited.

Despite these challenges, Morris Vermaport Limited remains a significant player in the lift industry, with a strong reputation for service and a diverse range of offerings. Whether it can sustain its growth and profitability in the face of rising costs and competitive pressures will depend on its ability to manage its finances effectively and continue delivering exceptional customer service.

Registered in England/Wales under the registration number 03681149, with a registered address at NG9 6RY, Chilwell, Nottingham, Nottinghamshire, Mv House, 14 Vickery Way, Chetwynd Business Park.

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