OTIS UK HOLDING LIMITED

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 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 in preparing the annual financial statements.”

Significant events

• “At the year end the company had generated a loss after impairment of £10,671,000 (2024: loss of £17,972,000) and had a net assets position of £21,251,000 (2024: £31,922,000). The company recognised an impairment charge of £10,740,000 resulting from the reclassification of its investment in Otis Limited from a subsidiary to an associate following dilution of ownership.”
• “Subsequent to the year end, on 30 May 2025, Otis Limited disposed of its investment in its wholly owned subsidiaries, Liftec Express Limited, Abbey Liftcare Limited, Triangle Lift Services Limited and Axis Elevators.”
• “On 26 November 2024, the company's investment in its subsidiary, Otis Limited, was diluted from 42.87% to 22.53%. This change arose following the introduction of a new shareholder Otis Elevator Holdings Limited who injected a capital contribution of £50m into the subsidiary. As a result of this transaction, the company's percentage ownership in the subsidiary decreased, this change resulted investment being classified to an associate.”

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

Filings

3

last 12 months

Capital events

0

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

  -33.4%

  £31,922,000 → £21,251,000

• Employees

  —

  Not reported

• Operating profit

  +40.5%

  -£18,041,000 → -£10,740,000

• Profit before tax

  +40.6%

  -£17,972,000 → -£10,671,000

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