Tip-n-lift (uk) Limited

Tip N Lift Uk Ltd, based in Ipswich, UK, is a small, family-run business with an active status. Established 34 years ago in 1991, the company employs 13 people and holds £1,438,817 in assets. It operates from a real address and is managed by two directors and owners. The firm boasts a stellar 5.0 Google rating based on three reviews and regularly imports machinery, boilers, and mechanical appliances – parts, with nine months of import activity recorded.

The company’s website, tipnlift.co.uk, showcases a business specializing in the manufacture of other transport equipment. It appears to be primarily a B2B operation, supplying equipment and parts to various industries. There’s no indication of e-commerce or direct-to-consumer sales.

Financially, Tip N Lift Uk Ltd presents a mixed picture. Current assets decreased by 14%, dropping to £1,400,000, while net assets increased by 9.5%, reaching £620,000. Cash reserves declined by 17%, sitting at £520,000. Creditors decreased by 16%, suggesting improved debt management. Bank borrowings increased by 2,400%, reaching £29,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it maintain agility. The increase in bank borrowings, however, may indicate a need for additional capital to support operations or expansion. As a small company, it is exempt from an audit, so the figures are unaudited.

The company’s recent changes in ownership and director appointments, which occurred two years ago, could be related to a strategic shift or succession planning. Overall, Tip N Lift Uk Ltd seems to be a stable, albeit somewhat financially stretched, business with a strong reputation and a focus on supplying specialized equipment.

Registered in England/Wales under the registration number 02574726, with a registered address at IP1 5BN, England, Ipswich, Suffolk, Boss Hall House Boss Hall Road, Sproughton Road.

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