Powerlift Materials Handling Ltd

Powerlift Materials Handling Ltd, based in Skelmersdale, UK, is a small, holding company with an active status. Founded seven years ago in 2017, the company employs 36 people and holds assets worth £1,912,728. It has a real address and is overseen by four directors and one owner, currently holding a 3.0 rating from just two Google reviews. The company regularly imports machinery, boilers, and mechanical appliances, with 11 months of import activity recorded.

The company operates as an independent supplier of materials handling equipment, including forklift trucks and warehouse equipment, covering the North of England. Its website highlights a focus on providing cost-effective solutions for businesses, partnering with brands like STILL and Combilift. They offer a range of services including forklift servicing, hire, driver training, and even pedestrian crossing solutions. The website also mentions a recent award win at the North West Family Business Awards.

Financially, Powerlift Materials Handling Ltd presents a mixed picture. Current assets have decreased by 12% to £1,900,000, while net assets have plummeted 82% to just £85,000. Bank borrowings have increased by 2.5%, reaching £5,400, and cash reserves have fallen 55% to £140,000. Trade debtors have risen by 15%, suggesting potentially delayed customer payments. Creditors, however, have decreased by 21%, which could indicate better debt management. The company’s small size—meeting two of three criteria for being classified as small—helps it remain flexible, but the significant drop in equity is concerning. As a small company, it’s likely exempt from an audit, so these figures are unaudited.

The company’s financial performance suggests it's facing some challenges, despite its reputation for quality service and awards. It's likely the company is trying to manage costs while maintaining its customer base.

Registered in England/Wales under the registration number 10876465, with a registered address at WN8 8EF, England, Skelmersdale, Lancs, Easylift Materials Handling Ltd 1 Selby Place, Stanley Industrial Estate.

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