Uk Lift And Escalator Company Ltd

Uk Lift And Escalator Company Ltd, based in Gateshead, UK, is a small, active company founded twelve years ago. With 29 employees and £4,753,315 in assets, it's a well-established player in the lift and escalator industry. The company, run by a solo founder, Hay Paul, who also serves as director and owner, maintains a perfect 5.0 Google rating from seven reviews, a testament to its commitment to customer service. It's a real address, and only one company is registered there, which is good.

The company specializes in lift maintenance, repairs, and modernisation, catering to clients throughout the UK. Its website highlights a family-run ethos, exceptional service, and a focus on improving industry standards. They offer bespoke maintenance packages, 24/7 call-out services, and even new equipment installations, positioning themselves as a comprehensive lift and escalator partner. They also import machinery, boilers, and mechanical appliances, parts, regularly.

Financially, Uk Lift And Escalator Company Ltd shows some interesting trends. While cash reserves increased by a healthy 23% to £2.1 million, current assets also grew by 56% to £4.8 million. However, trade debtors increased significantly, jumping 97% to £2.7 million, which could indicate challenges in collecting payments. Creditors also rose by 120% to £2.2 million, and corporation tax payable increased dramatically, rising 270% to £300,000. 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 stay nimble, but the increase in debt warrants a closer look. The company's bank borrowings decreased by 49%, which is a positive sign. As a small company, it’s exempt from a full audit, so the financial statements are unaudited.

Overall, Uk Lift And Escalator Company Ltd appears to be a solid, family-run business, but the rise in debt and tax liabilities suggests it’s facing some financial pressures. It’s a good sign that they are importing regularly, and their high Google rating shows they are committed to customer satisfaction.

Registered in England/Wales under the registration number 08181734, with a registered address at NE11 0TF, United Kingdom, Gateshead, 1st Floor, Unit 1 Earlsway, Team Valley Trading Estate.

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