Titan Elevators Limited

Titan Elevators Limited, based in Bexleyheath, UK, is a small holding company with an active status, celebrating 27 years since its founding in 1997. The company employs 56 people and holds assets totaling £1,613,265, generating a yearly revenue of £6,830,660. It operates from a real address and is overseen by six directors and one owner. Google users rate it a perfect 5.0 based on seven reviews, and it regularly imports machinery, boilers, and mechanical appliances—parts, with the last import operation made in November 2023.

The company’s website showcases its expertise in lift solutions, offering passenger lifts, car lifts, platform lifts, and even car parking solutions, including automatic and semi-automatic systems. Titan New Lifts positions itself as an award-winning, quality-assured independent lift company with a global footprint, specializing in safety, quality, and reliability. They offer installation, servicing, and maintenance for various lift types, including escalators and moving walkways. The website also highlights bespoke vertical solutions, catering to specific client requirements.

Financially, Titan Elevators Limited’s report reveals a mixed picture. While turnover increased by 11%, reaching £6.8 million, net assets took a significant hit, dropping 65% to £320,000. Bank borrowings increased dramatically, rising by 2,400% to £650,000, and cash reserves fell 92% to just £35,000. Creditors, however, decreased by 3%, suggesting improved debt management. The company’s small size (meeting two of three criteria for small company status) allows for agility, but the substantial equity decline warrants attention. The report doesn’t mention an auditor, likely due to its small size and exemption from a full audit. The company’s reliance on unaudited figures means the numbers should be viewed with caution.

Overall, Titan Elevators Limited appears to be navigating a period of change. While its lift services and global reach suggest a strong market position, the financial data indicates some challenges. The company's ability to adapt and maintain its reputation for quality will be key to its future success.

Registered in England/Wales under the registration number 03398412, with a registered address at DA6 7BH, England, Bexleyheath, Kent, Art's House, Banks Lane.

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