LIFT SOURCE (UK) LIMITED
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Cash
—
Latest balance sheet
Net assets
£0
+100% highest in 3 filed years
Employees
3
0% vs 2024
Profit before tax
£833K
+2,784.5% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
At the date of approval of these financial statements, the directors had approved a plan for the company to cease trading and become dormant with effect from 1 January 2026 and cannot be considered a going concern and therefore the accounts are not prepared on a going concern basis. However, as the trade and all remaining assets will be transferred to another group member, it has not been necessary to make any adjustments to reduce the value of the assets or provide for any costs of cessation.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £978,786 | £149,241 | — | — | |
| Operating profit | -£225,459 | -£31,029 | £1,164,651 | +3,853.4% | |
| Profit before tax | -£226,254 | -£31,040 | £833,270 | +2,784.5% | |
| Net profit | -£218,036 | -£31,040 | £837,043 | +2,796.7% | |
| Cash | £102,989 | £384 | — | — | |
| Total assets less current liabilities | -£804,718 | -£837,043 | — | — | |
| Net assets | -£806,003 | -£837,043 | — | — | |
| Equity | — | — | £0 | — | |
| Average employees | 3 | 3 | 3 | 0% | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | £0 | £0 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -23.0% | -20.8% | — | |
| Net margin | -22.3% | -20.8% | — | |
| Gearing (liabilities / total assets) | 211.2% | 325.3% | — | |
| Current ratio | 0.46x | 0.31x | — |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- LIFT SOURCE (UK) LIMITED 1991-03-22 → present
- SPEED 1198 LIMITED 1991-02-25 → 1991-03-22
Audit & accounting basis
- Accounting basis
- other
- Reporting scope
- Standalone (parent only)
- Auditor
- The MGroup Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“At the date of approval of these financial statements, the directors had approved a plan for the company to cease trading and become dormant with effect from 1 January 2026 and cannot be considered a going concern and therefore the accounts are not prepared on a going concern basis. However, as the trade and all remaining assets will be transferred to another group member, it has not been necessary to make any adjustments to reduce the value of the assets or provide for any costs of cessation.”
Significant events
- “The directors have approved a plan for the company to cease trading and become dormant with effect from 1 January 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LOIZOU, Louis | Director | 2019-12-16 | Sep 1965 | Cypriot |
| MOUTSELOS, Thomas | Director | 2026-04-09 | May 1981 | Greek |
| THACKRAY, Andrew Wayne | Director | 2025-02-20 | Jul 1972 | Australian |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BABALOGLU, Zeynep Asu | Secretary | 2022-12-05 | 2026-04-09 |
| BADCOCK, Maxine | Secretary | 2009-09-07 | 2010-08-10 |
| BATES, Brian Michael | Secretary | 2010-08-10 | 2016-04-01 |
| BATES, Brian Michael | Secretary | 2007-12-13 | 2009-09-07 |
| BUTCHER, Angela | Secretary | 2016-04-01 | 2022-12-05 |
| DEAN, Edward Stephen | Secretary | — | 1993-04-02 |
| FETHERSTON, John Colin | Secretary | 1992-04-02 | 1994-03-27 |
| PAGETT BUNCE, Debra Jayne | Secretary | 2004-02-03 | 2007-12-13 |
| SEYMOUR, Steven Michael | Secretary | 1994-03-27 | 2004-02-03 |
| BABALOGLU, Zeynep Asu | Director | 2022-12-05 | 2026-04-09 |
| BUTCHER, Angela | Director | 2020-04-09 | 2022-12-05 |
| FAIRFAX, Rupert Alexander J, The Hon | Director | — | 1992-02-21 |
| GREEN, Daniel | Director | 2016-04-01 | 2019-12-16 |
| OLIVER, John Martin | Director | 2023-02-03 | 2025-02-20 |
| REDFERN, Alan Dawson | Director | — | 1992-04-02 |
| SEYMOUR, Gillian Mary | Director | 1994-03-27 | 2004-11-03 |
| SEYMOUR, Steven Michael | Director | — | 2020-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Kleemann Lifts Uk Limited | Corporate entity | Shares 75–100% | 2021-12-31 | Active |
| Three Point Investments Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-12-16 | Ceased 2021-12-31 |
| Mr Steven Michael Seymour | Individual | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2019-12-16 |
Filing timeline
Last 20 of 143 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-06 | AA | accounts | Accounts with accounts type full | |
| 2026-04-22 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-04-22 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-22 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-17 | CH01 | officers | Change person director company with change date | |
| 2025-09-25 | AA | accounts | Accounts with accounts type full | |
| 2025-08-19 | CH01 | officers | Change person director company with change date | |
| 2025-02-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-19 | AA | accounts | Accounts with accounts type full | |
| 2025-01-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-14 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-04-16 | AA | accounts | Accounts with accounts type full | |
| 2024-02-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-02-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-06 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-12-06 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.