Tower Lifts (uk) Limited

Tower Lifts (uk) Limited, based in Ampthill, UK, is a small, active company founded ten years ago in 2015. Employing five people, it holds £1,323,716 in assets and operates from a virtual address – meaning fifty eight companies share the same registered location. The business is a family affair, overseen by three directors and two owners, and consistently receives a 5.0 Google rating from two reviews. Tower Lifts specializes in the import of machinery, boilers, and mechanical appliances, with eight months of import activity recorded.

The company's website showcases a diverse range of lift solutions, including passenger lifts, platform lifts, and dumbwaiters, catering to retail, commercial, and domestic settings. It offers bespoke designs, maintenance packages, and even restoration services. Tower Lifts positions itself as a provider of stylish, quality lift solutions, emphasizing experience and customer service. The website also features case studies and news updates, highlighting recent projects and industry developments.

Financially, Tower Lifts presents a mixed picture. While net assets increased by 19% to £1,200,000, current assets decreased by 12% to £1,300,000. Bank borrowings remained relatively stable, but cash reserves declined by 17% to £930,000. Creditors decreased significantly by 51%, suggesting improved debt management. 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 cash reserves warrants attention. The company is exempt from an audit as a small company, so the financial statements are unaudited.

The company's increase in employees, from five to seven, may be a sign of growth, but it also means higher operating costs. It’s interesting to note the significant decrease in other creditors, which could be a result of renegotiated payment terms or a reduction in supplier invoices. Overall, Tower Lifts appears to be a stable, family-run business, but it’s important to monitor its cash flow and manage its expenses effectively.

Registered in England/Wales under the registration number 09389544, with a registered address at MK45 2NW, England, Ampthill, Bedfordshire, 1 Doolittle Yard, Froghall Road.

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