OTIS LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. OTIS LIMITED 2000-03-01 → present
2. EXPRESS LIFT COMPANY LIMITED(THE) 1917-05-03 → 2000-03-01

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 company meets its day to day working capital requirements primarily through its own cash resources. It also has access to additional short-term funding through the treasury arrangements which are provided by the ultimate parent undertaking. The company's ultimate parent undertaking and controlling party is Otis Worldwide Corporation, a company incorporated in the United States of America. At the time of approving these financial statements the company had sufficient cash at hand to meet its day-to-day working capital needs for a period of at least 12 months. In addition, the company received confirmation from its ultimate parent company, of its willingness to continue to provide sufficient support to the company to enable it to meet its obligations during the going concern period. This provides the directors with comfort that access to the group treasury and funding arrangements including the UK cash pool facility, will continue for the foreseeable future. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. OTIS LIMITED · parent
   1. Elevation Lift Services Limited 100% · Great Britain · Dormant
   2. Axis Holdco Limited 100% · Great Britain · Dormant
   3. Blickglen Lifts Limited 100% · Great Britain · Dormant
   4. Axis Elevators Limited 100% · Great Britain · Dormant
   5. Abbey Liftcare Limited 100% · Great Britain · Dormant
   6. The Express Lift Company Limited 100% · Great Britain · Dormant
   7. Triangle Lift Services Limited 100% · Great Britain · Dormant
   8. Otis Isle of Man Limited 100% · Isle of Man · Manufacture, installation and service of lifts and escalators
   9. Liftec Lifts Limited 100% · Great Britain · Dormant
   10. Liftec Express Limited 100% · Great Britian · Manufacture, installation and service of lifts and escalators

Significant events

• “Subsequent to the year end, on 30 May 2025, the company disposed of its investment in its wholly owned subsidiaries, Liftec Express Limited, Abbey Liftcare Limited, Triangle Lift Services Limited and Axis Elevators. The disposal was completed as part of the company's ongoing strategic review of its operations and investment portfolio.”

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

Filings

10

last 12 months

Capital events

1

last 24 months

Officers appointed

2

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

  +5.5%

  £174,722,000 → £184,408,000

• Cash

  -0.2%

  £5,332,000 → £5,321,000

• Net assets

  +29%

  £82,166,000 → £105,991,000

• Employees

  -2.2%

  1,141 → 1,116

• Operating profit

  -1,305.2%

  £385,000 → -£4,640,000

• Profit before tax

  +56.9%

  -£59,839,000 → -£25,771,000

• Wages

  +0.3%

  £65,597,000 → £65,762,000

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