Nordic Lifts Limited

Nordic Lifts Ltd, based in Tetbury, UK, is a small, active company founded seven years ago in 2018. With eleven employees and £719,447 in assets, it operates from a virtual address – a fact highlighted by the presence of 126 companies registered at the same location. The company is led by a solo founder, Brat Trygve, who serves as both director and owner. It holds a respectable Google rating of 4.0 based on three reviews. Nordic Lifts is a regular importer, specializing in machinery, boilers, and mechanical appliances, with 10 months of import activity recorded.

The company’s website showcases a comprehensive range of lift services, from maintenance and repairs to sales and installation. It caters to both residential and commercial clients, offering everything from passenger lifts to specialized solutions like car lifts and platform lifts. The site emphasizes expertise, reliability, and a commitment to safety, with dedicated sections for LOLER testing and lift modernization. It's clear Nordic Lifts positions itself as a one-stop shop for all lift-related needs, offering both products and services.

Financially, Nordic Lifts Ltd presents a mixed picture. While net assets increased by 29% to £140,000, cash reserves decreased by 32% to £72,000. Trade debtors increased by 14% to £370,000, while creditors decreased by 18% to £180,000. The company’s small size (meeting two of three conditions for being a small company) allows for agility, but the decrease in cash warrants attention. The increase in property, plant, and equipment, particularly motor vehicles, suggests investment in the business, although depreciation charges also increased. The company’s unaudited financial statements, being exempt from an audit as a small company, rely on director-reported data.

It's interesting to note the significant increase in total inventories, which rose by 200% to £22,000. This could indicate increased stock levels, potentially driven by import activity, or a shift in business strategy. The company’s success hinges on maintaining its reputation for reliable service and adapting to the evolving needs of the lift industry.

Registered in England/Wales under the registration number 11155724, with a registered address at GL8 8AA, United Kingdom, Tetbury, Gloucestershire, 1 Long Street.

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