Professional Lifting Services Limited

Professional Lifting Services Ltd, based in Sheffield, UK, is a small, active company with a solid 40-year history. Founded in 1985, it employs 55 people and holds £2,463,739 in assets. The company has a real address and is led by six directors and two owners, boasting a perfect 5.0 Google rating from five reviews. It’s a regular importer of machinery, boilers, and mechanical appliances, with 16 months of import activity recorded.

The company's website showcases a specialized service: overhead crane repair and maintenance. Professional Lifting Services Ltd provides a comprehensive range of services, from design and manufacture to installation and breakdown repairs. They are members of the LEEA, demonstrating a commitment to quality and industry standards. The website highlights their 24-hour crane service and breakdown operation, emphasizing reliability and responsiveness. They even have a section dedicated to showcasing their work and providing contact information.

Financially, Professional Lifting Services Ltd presents a mixed picture. Cash bank on hand has decreased significantly by 66% to £30,000, while bank borrowings have increased by 1.8% to £60,000. Creditors have risen by 28% to £2,200,000, and trade debtors have increased by 28% to £1,900,000. However, director remuneration has skyrocketed by 1400% to £180,000, which may be a one-off payment. Net assets have decreased by 5.6% to £710,000. 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 increase in debt and decrease in cash reserves warrants attention. No auditor is mentioned, likely due to the company’s exemption as a small entity.

Overall, Professional Lifting Services Ltd appears to be a well-established business with a strong reputation, but the recent financial trends suggest it might be facing some challenges. The company's specialized services and commitment to quality could help it navigate these pressures, but careful financial management will be crucial for long-term success.

Registered in England/Wales under the registration number 01906401, with a registered address at S6 2DL, England, Sheffield, South Yorkshire, Unit 7 Park View Works, 870 Penistone Road, Owlerton.

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