P & P Lifts Limited

P & P Lifts Ltd, based in Teignmouth, UK, is a small, family-run business with an active status, having been established 23 years ago. Employing 19 people, the company holds £847,817 in assets and operates from a virtual address, registered with 50 other companies. It's managed by three directors and owned by two individuals, boasting a stellar 5.0 Google rating from seven reviews. The company is an irregular importer, mainly dealing with machinery, boilers, and mechanical appliances, with its last import operation recorded two months ago in October 2022.

The company’s website highlights its expertise in lift services, covering Devon, Cornwall, Somerset, and Dorset. They offer a wide range of services, including lift maintenance, installation, refurbishment, and repair, specializing in platform lifts and passenger lifts, and acting as an official Aritco agent. The website also emphasizes 24-hour service, fast turnaround times, and no-tie-in contracts—all hallmarks of a customer-focused business. They even offer remote monitoring systems for various lift control panels.

Financially, P & P Lifts Ltd presents a mixed picture. While fixed assets have increased significantly by 49% to £670,000, current assets have fallen by 19% to £850,000. Cash reserves have taken a bigger hit, decreasing by 21% to £600,000. Trade debtors have also declined by 21% to £170,000, suggesting improved collection practices. However, creditors have decreased by 12% to £260,000. 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 agility, but the decline in cash reserves and current assets warrants attention. With no auditor mentioned, the figures are unaudited. The company is holding steady, but it’s clear that the business is facing some pressures.

Registered in England/Wales under the registration number 04446657, with a registered address at TQ14 8EB, United Kingdom, Teignmouth, Greenwood Accountancy 5-7 Pellew Arcade, Teign Street.

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