Omega Lift Services Limited

Omega Lift Services Limited, based in Edinburgh, UK, is a small, active company established 22 years ago. Employing twelve people, it holds assets of £2,270,404 and operates from a real address at Gracemount Business Pavilions. With one director and owner, the company has a Google rating of 3.0 based on five reviews. It's a regular importer of machinery, boilers, and mechanical appliances, with 41 months of import activity recorded.

The company specializes in lift installation, servicing, and repairs, catering to a wide range of sectors including offices, commercial spaces, hotels, and historic buildings. Its website showcases a variety of lift types, including passenger, platform, flexstep, goods, home, service, inclined, and bespoke lifts. A key focus is the FlexStep lift, designed for split-level accessibility in limited spaces. The company also provides disaster recovery services for damaged pianos, a surprising addition to its core lift business.

Financially, Omega Lift Services Limited presents a mixed picture. Current assets grew by 19% to £2,300,000, while net assets increased by 18% to £2,000,000. Cash reserves improved by 27% to £2,000,000. However, creditors rose by 36% to £630,000, suggesting increased reliance on short-term financing. Debtors decreased by 18%, which could be a positive sign of improved collections. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rise in creditors warrants attention. As a small company, it’s exempt from an audit, so the financial data is unaudited.

The company’s success seems to depend on its ability to maintain a strong reputation for quality lift services and to navigate the challenges of managing its finances effectively.

Registered in Scotland under the registration number SC243098, with a registered address at EH17 8QF, Edinburgh, Unit B1 Gracemount Business Pavilions, Captains Road.

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