OTIS INVESTMENTS LIMITED

1. OTIS INVESTMENTS LIMITED 2007-09-24 → present
2. OTIS INVESTMENTS PLC 2000-03-01 → 2007-09-24
3. OTIS PLC 1991-12-02 → 2000-03-01
4. OTIS ELEVATOR PUBLIC LIMITED COMPANY 1900-06-28 → 1991-12-02

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared the financial statements on a going concern basis as the directors have received a letter of support from the ultimate parent company, Otis Worldwide Corporation, indicating its intention to provide sufficient support to the company to enable it to meet its obligations for a period of at least 12 months from the date of approval of these financial statements.”

Group structure

1. OTIS INVESTMENTS LIMITED · parent
   1. Elevation Lift Services Limited 1% · Great Britain · Dormant
   2. Axis Holdco Limited 1% · Great Britain · Dormant
   3. Blickglen Lifts Limited 1% · Great Britain · Dormant
   4. Axis Elevators Limited 1% · Great Britain · Dormant
   5. Abbey Liftcare Limited 1% · Great Britain · Dormant
   6. The Express Lift Company Ltd. 1% · Great Britain · Dormant
   7. Triangle Lift Services Limited 1% · Great Britain · Dormant
   8. Otis Isle of Man Limited 1% · Isle of Man · Manufacture, installation and service of lifts and escalators
   9. Liftec Express Limited 1% · Great Britain · Manufacture, installation and service of lifts and escalators

Significant events

• “At the year end, the company had generated a loss of £16,557,000 after impairment (2023: loss of £12,036,000 after impairment). The net assets at 30 November 2024 were £22,981,000 (2023: £39,538,000).”
• “On 23 July 2024 the company received a dividend of £600,000 (2023: £nil) from its shareholding in Sirius (Korea) Limited.”
• “During the year, the investment within Otis Limited was reclassified from a subsidiary to an associate following the loss of control.”
• “On 26 November 2024, the company's investment in its subsidiary, Otis Limited, was diluted from 52.07% to 27.36%. This change arose following the introduction of a new shareholder Otis Elevator Holdings Limited who injected a capital contribution of £50m into the subsidiary.”
• “In the prior year, Otis Limited held a participating interest in Al Majid Express Lift Company (Private), this being a 33% holding... On 3 August 2023 the process for liquidation commenced with the liquidation being concluded on 3 January 2024.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -41.9%

  £39,538,000 → £22,981,000

• Employees

  —

  Not reported

• Operating profit

  +57.1%

  -£28,000 → -£12,000

• Profit before tax

  -37.6%

  -£12,036,000 → -£16,557,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers