Wessex Lift Co Ltd

Wessex Lift Co Ltd, based in Stanstead Abbotts, UK, is a well-established company with a 48-year history, currently employing 130 people. The company, active and boasting a real address, holds £6,267,135 in assets and generates a yearly revenue of £13,888,883. It's led by five directors and has one owner, and has a Google rating of 3.0 based on 60 reviews. Wessex Lift Co Ltd regularly imports electrical machinery and equipment (last import in August 2024) and exports machinery, boilers, and mechanical appliances (last export in January 2025).

The company specializes in the design, manufacture, installation, and maintenance of through-floor home lifts and platform lifts, operating from Hampshire, UK. Their website highlights a range of products, from the functional VM lift to the luxurious Elesse model, catering to independent living and offering solutions for those with mobility challenges. They even have a presence in the USA. The website also mentions a distributor login and a focus on problem-solving, aiming to find the right solution for each customer.

Financially, Wessex Lift Co Ltd shows a mixed picture. While turnover increased by 18%, reaching £14 million, net assets decreased by 20% to £1.3 million. Bank borrowings jumped significantly, reaching £550,000, and cash reserves fell by 60% to £200,000. Creditors also increased, suggesting a need for better cash flow management. Despite these challenges, administrative expenses decreased by 16%, indicating some cost-cutting efforts. The company is classified as a large company, having met two of three criteria: turnover over £36 million and balance sheet total over £18 million. The accounts are audited by Cook & Partners Limited.

The increase in bank borrowings and decrease in cash reserves could be due to investments in new equipment or expansion efforts. The decrease in net assets, however, warrants closer attention, potentially reflecting a need to improve profitability or manage debt more effectively. The company's long history and established reputation, however, suggest resilience and an ability to navigate these challenges.

Registered in England/Wales under the registration number 01269836, with a registered address at SG12 8HG, England, Stanstead Abbotts, Herts, No 38 The Maltings No 38 The Malting Business Centre, The Maltings.

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