P.i.p. Lift Service Limited

Pip Lift Service Ltd, based in Romford, UK, is a small, holding company with an active status, having been established 32 years ago in 1992. Employing 63 people, the company holds assets valued at £3,182,783. With two directors and two owners (though the full list of owners isn't exhaustive), it operates from a real address and maintains a Google rating of 3.0 based on 23 reviews. The company regularly imports machinery, boilers, and mechanical appliances, with parts being imported for the last five months.

The company's website highlights its comprehensive lift services, including maintenance, repairs, modernisation, and new installations. It caters to commercial, residential, retail, and public sectors, and has a successful track record of experience in the lift maintenance, modernisation and lift installation business. Pip Lift Service even acquired Patron Lifts Limited, expanding its resources and client base. The website’s design and content suggest a focus on customer service, technical expertise, and a commitment to safety.

Financially, Pip Lift Service Ltd shows a mixed picture. Cash bank on hand dropped significantly by 25% to £1.2 million, while debtors increased by 21% to £1.9 million. Creditors also decreased by 12% to £2 million. Although net assets increased by 7.8% to £3.3 million, the increase in debtors suggests potential issues with collecting payments. The company’s small size (meeting two of three criteria for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees) allows for agility, but the decline in cash reserves warrants attention. There's no mention of an auditor, which is common for small companies. The company’s equity increased by 8.1% to £3.2 million, which is a positive sign.

Registered in England/Wales under the registration number 02746163, with a registered address at RM3 8SB, Romford, Essex, Melville Court Spilsby Road, Harold Hill.

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