Multilift Parts Ltd

Multilift Parts Ltd, based in Craigavon, UK, is a small, active company founded 21 years ago in 2003. With a single employee and £131,254 in assets, it operates from a real address within the Cido Business Complex and is managed by two directors and one owner. The company runs an e-commerce site and regularly imports machinery, boilers, and mechanical appliances, parts, with the most recent import activity recorded five months ago.

The company’s core business appears to be non-specialised wholesale trade, and it operates in a niche market, providing parts for machinery. It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet under £5.1 million, and fewer than 50 employees. The company’s website is simple and doesn’t offer much detail beyond contact information.

Financially, Multilift Parts Ltd shows a mixed picture. Cash bank on hand has increased significantly by 620%, jumping to £25,000, which is a positive sign. However, creditors have decreased by 18% to £110,000, and debtors have increased by 87% to £31,000. Equity has also increased dramatically by 360%, reaching £54,000. Net assets and liabilities have also increased, and the company’s net current assets and liabilities have improved considerably. It's a bit confusing, but it suggests the company has been able to manage its debts effectively. The company’s property, plant, and equipment have also increased, and the company has been able to increase its assets.

While the company’s financial position seems to be improving, it's important to note that these are unaudited figures, and the company is exempt from an audit as a small company. The increased debtors suggest the company may be struggling to collect payments, or it may have extended credit terms to customers. The increase in cash on hand, however, indicates that the company has been able to generate sufficient revenue to cover its expenses. The company’s financial health is improving, but it’s still facing challenges.

Registered in Northern Ireland under the registration number NI047279, with a registered address at BT63 5WH, Craigavon, Unit 7 Cido Business Complex, Carn Industrial Area.

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