Target Lifts Ltd

Target Lifts Ltd, based in Crayford, UK, is a small, active company founded fifteen years ago in 2009. Employing forty-seven people and holding £3,625,620 in assets, it operates from a real address and is managed by three directors and two owners. The company boasts a 2.0 Google rating based on four reviews and is a regular importer of electrical machinery and equipment, with twenty months of import activity recorded.

The company’s website, targetlifts.co.uk, highlights its services in lift maintenance, modernisation, repair, and installation. It operates across London and the South East, serving a range of prestigious locations from Oxford and Cambridge to the Royal Festival Hall. The site emphasizes a commitment to quality service and showcases projects, accreditations, and a team of experienced professionals. The website also features a blog and a section dedicated to charitable work, demonstrating a focus on community engagement.

Financially, Target Lifts Ltd presents a mixed picture. While current assets increased by 34% to £3,600,000, cash bank on hand dropped by 38% to £170,000. Creditors also increased by 34% to £1,400,000, and trade debtors surged by a significant 36% to £2,600,000. On a positive note, retained earnings accumulated losses grew by 33% to £2,300,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in debt and decrease in cash reserves suggests it’s working hard to manage its finances. No auditor is mentioned, likely due to the company’s small size and exemption from an audit. The accounts are unaudited, and the company’s description of principal activities is missing.

Overall, Target Lifts Ltd seems to be a busy, well-established business, but it’s clear that managing its debts and maintaining a healthy cash flow is an ongoing challenge.

Registered in England/Wales under the registration number 07077729, with a registered address at DA1 4AL, England, Crayford, Kent, Unit 46 Acorn Industrial Park, Crayford Road.

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