Northern Elevator Limited

Northern Elevator Ltd, based in Newcastle Upon Tyne, UK, is a small, holding company with an active status. Founded eighteen years ago in 2006, it employs thirty-one people and holds assets valued at £1,221,455. The company operates from a real address and is overseen by two directors and one owner. It’s a regular importer, specializing in electrical machinery and equipment, with import activity spanning eight months, the latest being October 2024.

The company's website showcases Northern Elevator as a leading lift company in the UK, offering services including lift maintenance, installation, refurbishment, and repairs. It caters to various sectors, including office, hotel, commercial, and hospital buildings. The site highlights partnerships with major elevator brands like Kone, Otis, Schindler, and Thyssen, and emphasizes a customer-centric approach, aiming for ethical and professional growth. It even has a section for news, with recent articles discussing lift maintenance importance, refurbishment benefits, and passenger lift safety checklists. The company is a subsidiary of Lodige Industries, boasting a global presence and local expertise.

Financially, Northern Elevator Ltd presents a mixed picture. While cash bank on hand increased significantly by 84% to £310,000, creditors jumped by a substantial 88% to £960,000, suggesting increased reliance on short-term financing. Net assets, however, only grew by 37% to £340,000. Trade debtors also increased significantly, by 110%, to £730,000, which could indicate challenges in collecting payments. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the increase in debt warrants attention. The accounts are unaudited, and no auditor is mentioned. The company’s future will depend on its ability to manage these financial pressures while maintaining its reputation for quality service.

Registered in England/Wales under the registration number 06001357, with a registered address at NE3 2EN, Newcastle Upon Tyne, Tyne And Wear, 3 Diamond Court, Kingston Park.

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