Technical Lift Services Ltd

Technical Lift Services Ltd from Poole UK: a small, active company founded eight years ago, employs six people, and holds £226,396 in assets. It’s led by two directors and one owner, boasting a perfect 5.0 Google rating from eight reviews. The company irregularly imports machinery, boilers, and mechanical appliances – parts, with the last import operation recorded one month ago in January 2023.

The company’s website highlights its commitment to providing complete, bespoke solutions for lift installation and maintenance. They cover all aspects – from upgrade and replacement to building new lifts, offering a full turnkey solution. Their services extend from structural engineering to interior design, and they’re available for concept through completion, or just specific repairs and maintenance. The website also emphasizes their 24/7 on-call service, with a maximum four-hour call-out time. A testimonial from Bournemouth University praises their fast, reliable, and professional service.

Financially, Technical Lift Services Ltd’s report shows some interesting trends. Average employee numbers jumped by 50% to nine, which is good, but cash reserves fell 55% to £65,000. Bank borrowings increased, with overdrafts up 6.8%, but a significant decrease in other remaining borrowings – a 100% drop to zero – suggests they’re managing debt. Creditors rose by 71%, and net assets plummeted 99% to just £300. While the company meets the criteria for a small business (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), the sharp decline in equity is a concern. There’s no mention of an auditor, likely due to the small company exemption, so the figures are unaudited. It seems like the company is growing, but it’s also burning through cash, and the directors may need to keep a close eye on their finances.

Registered in England/Wales under the registration number 10289924, with a registered address at BH17 7DY, England, Poole, Dorset, 47 Balena Close.

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