Safe Working Lifts Ltd

Safe Working Lifts Ltd from Barnstaple, UK, is a small, active company founded nine years ago in 2016. With fifteen employees and £614,847 in assets, it’s a family business boasting a perfect 5.0 Google rating from thirteen reviews. The company operates from a real address and is overseen by three directors and two owners. It’s an irregular importer, with its top import category being Electrical machinery and equipment, totaling two months of imports, the latest in May 2024.

The company's website highlights its specialization in lift maintenance, refurbishment, modernisation, and repair, offering 24/7 breakdown cover. It caters to a diverse clientele, including hotel groups, education facilities, independent businesses, nursing homes, and blue-chip companies, emphasizing accredited services and experienced engineers. The site also promotes stairlift components and spares, alongside news and vacancies. It even has a London office.

Financially, Safe Working Lifts Ltd shows a mixed picture. Average employee numbers jumped 80% to twenty-seven, which is good, but cash reserves fell 47% to £34,000. Creditors increased significantly by 50% to £95,000, while trade debtors decreased by 22% to £270,000. Bank borrowings surged by 2,400% to £29,000, which is a bit concerning. 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 decline in equity is something to keep an eye on. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Safe Working Lifts Ltd seems to be navigating a period of change. The increased employee numbers suggest growth, but the financial pressures indicate a need for careful management.

Registered in England/Wales under the registration number 10042952, with a registered address at EX31 1AF, England, Barnstaple, Devon, Brunswick Yard, North Walk.

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