Tusk Lifting Ltd

Tusk Lifting Ltd, based in Stockton-On-Tees, UK, is a small, holding company currently operating with an active status. Established eight years ago in November 2016, the company employs 31 people and holds assets valued at £2,407,468. It has a real address and is overseen by three directors and one owner. Tusk Lifting regularly imports iron or steel products (3 months) and exports them (50 months), with the most recent export occurring in January 9 2025.

The company’s website highlights its specialization in lifting and material handling equipment. It operates as a supplier, offering a range of products and services including sales, hire, service, inspection, and testing. They also provide crane services and have a "Tusk Pro" division. The website’s layout is clean and professional, with clear calls to action and a focus on customer support. They seem to be targeting industrial and commercial clients. It's clear they are trying to be a one-stop shop for all lifting needs.

Financially, Tusk Lifting Ltd shows a mixed picture. While current assets increased by 8.7% to £2,400,000, net assets rose a more impressive 18% to £890,000. However, cash bank on hand decreased by 19% to £180,000, and creditors remained stable at £2,100,000. There was a significant increase in future minimum lease payments, rising 12% to £360,000. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the decrease in cash reserves could indicate tighter margins. The company's auditor, Azets Audit Services, issued an unqualified opinion. It’s worth noting that the company’s profits decreased by 44% to £130,000.

Overall, Tusk Lifting Ltd appears to be a stable, albeit somewhat pressured, business. Its focus on a specialized niche and commitment to customer service seem to be paying off, but the decrease in profits warrants attention.

Registered in England/Wales under the registration number 10497383, with a registered address at TS17 9JY, England, Stockton-On-Tees, 49d Sadler Forster Way, Teesside Industrial Estate.

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