Saltire Lift Services Ltd

Saltire Lift Services Ltd from Coatbridge UK: a small, active company founded 11 years ago, employs six people, and holds £639,675 in assets. It's a family business with two directors and two owners, operating from a real address. The company is an irregular importer, bringing in electrical machinery and equipment for a short period, with the last import activity occurring over two years ago.

The business focuses on the repair of machinery, a sector requiring skilled technicians and specialized equipment. It appears to be a relatively small operation, meeting two of the three criteria to be classified as small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s website doesn’s give much detail, but it’s clear they are focused on lift maintenance and repair services.

Financially, Saltire Lift Services Ltd shows a mixed picture. Current assets have increased significantly by 73%, reaching £640,000, which is a positive sign. However, net assets have also increased by 36%, to £210,000, and bank borrowings have decreased by 6.7% to £47,000. Creditors have risen dramatically, increasing by 100% to £440,000, suggesting the company is relying more on credit from suppliers. The company’s cash bank on hand has increased by a considerable amount, reaching £130,000. The company’s small size and family ownership likely contribute to its agility, but the increase in creditors warrants closer monitoring. As a small company, it's exempt from an audit, so these figures are unaudited. It’s possible the company is expanding its operations, which could explain the increased creditors, but it's important to ensure that cash flow remains healthy.

Registered in Scotland under the registration number SC463630, with a registered address at ML5 4EF, Scotland, Coatbridge, C/O Saltire Lift Services Ltd, North Caldeen Road.

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