Nationwide Lift Services Ltd

Nationwide Lift Services Ltd, based in Newcastle Under Lyme, UK, is a small, active company founded eight years ago. Employing twelve people and holding assets of £460,840, it operates from a real address and is overseen by three directors and one owner. The company is an irregular importer, primarily dealing with machinery, boilers, and mechanical appliances; parts, with its last import activity occurring one month ago.

The company’s website is not available, so it's difficult to determine the exact nature of their operations beyond the information provided in the report. It’s likely they focus on servicing and maintaining lifting equipment, given their description as operating in the manufacture of lifting and handling equipment industries.

Financially, Nationwide Lift Services Ltd presents a mixed picture. While current assets increased by 12% to £460,000, net assets saw a significant jump of 88% to £220,000. Bank borrowings increased by 470%, reaching £49,000, and cash reserves grew by 20% to £79,000. Trade debtors decreased by 7.4%, suggesting better debt management. The company meets the criteria for a small business, with turnover less than £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company's financial statements are unaudited.

The substantial increase in bank borrowings is a point to note, and could indicate investment in equipment or expansion. However, the overall trend suggests the company is financially healthy, despite the increased borrowing. The lack of an auditor mentioned is typical for small companies.

Registered in England/Wales under the registration number 10410704, with a registered address at ST5 7EF, England, Newcastle Under Lyme, Staffordshire, Unit 3 Rosevale Road, Parkhouse Industrial Estate West.

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