Summit Elevators Limited

Summit Elevators Ltd, based in Croydon, UK, is a small, active company established 28 years ago. With 30 employees and £1,956,757 in assets, it’s a well-established player in the lift industry. The company has four directors and two owners, and boasts a respectable Google rating of 4.0 based on nine reviews. It’s an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances, with the last import operation occurring two months ago in July 2023.

The company’s website highlights its comprehensive lift services, including maintenance, refurbishment, installation, and modernisation. It caters to hotels, office buildings, residential blocks, and large commercial buildings, emphasizing reliability and personalised service. Case studies showcase successful projects with clients like Tesco, Lazari Investments, and Lincolns Inn, demonstrating a track record of delivering results. The website’s design is clean and professional, reflecting a customer-focused approach.

Financially, Summit Elevators Ltd presents a mixed picture. While current assets increased by 25% to £2,000,000, net assets decreased by 20% to £460,000. Bank borrowings decreased by 32% to £21,000, and cash reserves fell 57% to £140,000. Trade debtors increased significantly by 360% to £1,300,000, which could indicate challenges in collecting payments. 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 decrease in equity warrants attention. The company’s unaudited financial statements, exempt due to its size, rely on director-reported data.

Despite the financial pressures, Summit Elevators Ltd appears to be a stable, customer-focused business with a strong reputation. The company’s focus on quality and efficiency, combined with its experienced team, positions it well for continued success—though close monitoring of cash flow and debt management will be crucial.

Registered in England/Wales under the registration number 03306900, with a registered address at CR0 9UG, Croydon, Unit 19 Vulcan Business Centre, Vulcan Way New Addington.

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