OTIS LIMITED

Active
Company number 00147366Private limited companyIncorporated 1917

Key figures

£105,483,000-0.5%
Net assets 2024/25
-0.5%
Average annual change 2023/24–2024/25
050 m100 m150 m2023/242024/25

† OTIS LIMITED filed these accounts on paper, so Companies House publishes them only as a scanned image. The figures for the years marked † were read automatically from the scan and kept only where the statements add up (for example net assets equal total equity), but a reading error is still possible — check the original accounts at Companies House.

Ratios

2024/25

Sector comparison

SIC 28220

Where the company stands among the 774 active companies whose first SIC code is 28220 (Manufacture of lifting and handling equipment).

Turnover£184,627,000
Higher than 97% · median £16,710,000 among 62 that publish turnover
Net assets£105,483,000
Higher than 99% · median £232,308
Total assets£206,819,000
Higher than 99% · median £627,752
Cash£5,096,000
Higher than 96% · median £184,837
Company age109.5 years
Older than 99% · median 17.9 years
Largest in this sector by net assets
  1. ASHTEAD TECHNOLOGY LIMITED£115.2m
  2. OTIS LIMITED£105.5m
  3. ROTEX JAPAN LIMITED£88.9m
  4. JUNGHEINRICH UK LIMITED£67.9m
  5. MALLAGHAN ENGINEERING LIMITED£38.8m
  6. THWAITES LIMITED£38m
  7. ALFRED CHEYNE ENGINEERING LIMITED£31m
  8. LOGISNEXT UK LIMITED£25.4m
  9. MHWIRTH UK LIMITED£24.7m
  10. SCHINVEST LIMITED£24m

Positions are approximate. Figures come from each company's latest accounts; money and employee figures are compared only with companies that filed accounts in pounds for a period ending in the last two and a half years and are not dormant, so those groups are smaller than 774. The line on each bar marks the median.

Summary: OTIS LIMITED

What kind of company is it?

OTIS LIMITED is a private limited company registered with Companies House under company number 00147366. It was incorporated on 3 May 1917. Its status is active. The registered office is in Leicester (LE19). Its nature of business (SIC 2007) is manufacture of lifting and handling equipment (28220).

How is the company doing financially?

The latest accounts in the database are for 2024/25 (period ending 30 Nov 2025); the company files full accounts. Turnover was £184,627,000. Loss for the year was £508,000. Net assets were £105,483,000, down 0.5% on the previous year. Cash at bank and in hand was £5,096,000. Total assets were £206,819,000 and total liabilities £97,527,000. Figures are available for 2 financial years (2023/24–2024/25).

How does it compare with similar companies?

Compared with 774 active companies whose first SIC code is 28220: By turnover it ranks higher than 97% of the 62 that publish turnover (median £16,710,000). By net assets it ranks higher than 99% of them (median £232,308). By total assets it ranks higher than 99% of them (median £627,752). By cash it ranks higher than 96% of them (median £184,837). It is older than 99% of them (median age 17.9 years).

Does it supply the public sector?

The company is named as a supplier in 25 public contract award notices from 23 public sector buyers since 2015. Contracts awarded to it alone have a combined published value of £863.7m. Its most frequent buyer is London Borough of Hillingdon (2 contracts). 2 of the awards are shared with other suppliers, typically framework agreements. It is recorded as the recipient of 2 central government grants worth £19.8k, from Department for Education.

What do public registers and reports show?

It appears on the Home Office register of licensed sponsors (Global Business Mobility: Senior or Specialist Worker, Skilled Worker). HMRC lists it as an importer of goods, mainly rubber, machinery, electrical equipment. HMRC lists it as an exporter of goods, mainly electrical equipment, machinery, tools and cutlery. In its latest payment practices report it took an average of 44 days to pay suppliers, and 32% of invoices were not paid within agreed terms. Its gender pay gap report for 2025/26 shows median hourly pay for women 24% lower than for men.

Who runs and controls the company?

2 persons with significant control are registered.

When are its next filings due?

The next accounts are due by 31 Aug 2027. The next confirmation statement is due by 14 Sep 2027.

Filed accounts2023/24–2024/25
2023/24 †2024/25 †
Turnover184,408,000184,627,000
Profit for the year-26,175,000-508,000
Cash at bank and in hand5,321,0005,096,000
Total assets232,927,000206,819,000
Total liabilities125,230,00097,527,000
Net assets / total equity105,991,000105,483,000

A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.

Public contracts

25 contracts

OTIS LIMITED is named as a supplier in 25 public contract award notices from 23 public sector buyers since 2015. The 22 contracts awarded to it alone with a published value add up to £863.7m. 2 awards are shared with other suppliers and not counted in that total.

Contracts per year
Main buyers23
London Borough of Hillingdon
2 contracts · £436.8k
HULL UNIVERSITY TEACHING HOSPITALS NHS TRUST
2 contracts · £26.2k
Network Rail Infrastructure Ltd
1 contract · £429.9m
TRANSPORT FOR LONDON
1 contract · £429.9m
NCG Corporation
1 contract · £848.9k
Contracts
  1. Passenger Lift Servicing & Maintenance Services‡Adra (Tai) Cyf · £168,000 · runs until Aug 2028
  2. SERVICE MAINTENANCE OF LIFTSHULL UNIVERSITY TEACHING HOSPITALS NHS TRUST · £14,891 · runs until Jul 2027
  3. Scotland's Railway Surfacing FrameworkNetwork Rail Infrastructure Ltd · £429,897,641
  4. Escalator Management ContractTRANSPORT FOR LONDON · £429,897,641 · runs until Dec 2041
  5. POW-DIR-60331 - Welshpool Lift Replacement‡Powys Teaching Health Board · £150,000
Show 20 more
  1. Boatyard Bath Road - Passenger LiftsClarion Housing Property Development Service Limited · £644,332
  2. Passenger Lift Refurbishment - Redmonds Building‡Liverpool John Moores University
  3. Maintenance of Otis Passenger/Good Lifts‡Nuclear Restoration Services Limited (Dounreay) · £65,866
  4. Lift Repairs‡JAMES PAGET UNIVERSITY HOSPITALS NHS FOUNDATION TRUST · £15,247
  5. COV - 21646 - Lift Maintenance and ServicingCOVENTRY CITY COUNCIL · £81,000 · runs until Sep 2028
  6. SERVICE MAINTENANCE OF LIFTS‡HULL ROYAL INFIRMARY · £52,242
  7. Lift Maintenance, Installation, and Refurbishment ServicesAPUC LIMITED · shared by 6 suppliers, up to £10,852,000 in total · 5 lots
  8. HEY/19/070/SM/D - SERVICE MAINTENANCE OF LIFTS‡Hull University Teaching Hospitals NHS Trust · £11,263
  9. Escalator & Lift Maintenance for SPT‡Strathclyde Partnership for Transport (UTILITIES) · £382,463
  10. NEPO408 Lifts, Escalators and related Equipment, Maintenance, Repairs and Refurbishment‡THE ASSOCIATION OF NORTH EAST COUNCILS LIMITED · shared by 11 suppliers, up to £20,000,000 in total · 2 lots
  11. NCG200102 - Contract for the Provision of Lift Maintenance - **AWARD NOTICE**‡NCG Corporation · £848,851
  12. CA6777 - MK College - Full comprehensive lift maintenance contract‡Milton Keynes College · £70,163
  13. The refurbishment of the Members Lifts - Civic Centre, UxbridgeLondon Borough of Hillingdon · £218,400
  14. The refurbishment of the Members Lifts - Civic Centre, Uxbridge‡London Borough of Hillingdon · £218,418
  15. Servicing/maintenance of liftsUniversity Of The West Of England · £26,830
  16. 9630 - Servicing and maintenance of Lifts - AWARD‡Norwich City Council e-Tendering · £51,973
  17. Contract Award - Provision of Replacement Lift Ropes and associated Lift Lighting in the Solid State Phased Array Radar at RAF Fylingdales‡ROYAL AIR FORCE · £15,535
  18. Tender for LIft Maintenance and Associated Works‡Gentoo Group Ltd · £391,840
  19. Quebec Way - Lifts Installation‡QUADRANT CONSTRUCTION SERVICES LIMITED · £346,310
  20. Limit order - lift repairs & maintenance‡NEWCASTLE UNIVERSITY · £173,833

From contract award notices on Contracts Finder (since 2016) and Find a Tender (since 2021), published by the Cabinet Office under the Open Government Licence v3.0. Values are as published by the buyer and usually cover the whole contract term; the total leaves out awards shared between several suppliers, where the published figure is a ceiling for all of them, placeholder values and single figures of £1 billion or more. Notices marked ‡ do not state a company number and were linked by an exact match on the registered name. Contracts below the publication thresholds and those of devolved buyers that publish elsewhere are not included.

Government grants

2 grants

OTIS LIMITED is recorded as the recipient of 2 central government grants since 2020, together worth £19.8k.

Grants
  1. Apprenticeships Participation 16 - 18Department for Education · £7,000
  2. Apprenticeships Participation 18+Department for Education · £12,750

From the Government Grants Register published by the Cabinet Office (financial years 2016/17 onwards, Open Government Licence v3.0). It covers grants from central government departments and their agencies where the register states the recipient's company number and the recipient name matches this company; grants from local authorities, lottery distributors and devolved governments are not included.

Statutory reporting

Payment practices1 Dec 2025 – 31 May 2026
Average time taken to pay invoices
44 days
Invoices not paid within agreed terms
32%
Standard payment terms
7–90 days
Member of a payment code
No
  • Within 30 days 34%
  • 31 to 60 days 43%
  • After 60 days 23%

View the latest report on GOV.UK

Gender pay gap2025/26
Median hourly pay
women 24% lower
Mean hourly pay
women 8.6% lower
Median bonus pay
women 73% higher
Employer size
1000 to 4999 employees
Lower pay quarter32.1% womenLower middle8.5% womenUpper middle7.7% womenUpper pay quarter16.2% women
Earlier years (7)
Year
Median hourly pay
Mean hourly pay
2024/25
women 32.7% lower
women 14.3% lower
2023/24
women 37% lower
women 22.6% lower
2022/23
women 37.7% lower
women 19.8% lower
2021/22
women 40.2% lower
women 26% lower
2020/21
women 37.5% lower
women 26.5% lower
2018/19
women 36.3% lower
women 25.6% lower
2017/18
women 42.5% lower
women 37.1% lower

A positive gap means women's average hourly pay is lower than men's across the whole employer; it is not a comparison of pay for the same work. View on the Gender pay gap service

Figures the company reported itself to the government's Check payment practices service, Gender pay gap service and Modern slavery statement registry (Open Government Licence v3.0). Only large companies and employers with 250 or more staff have to report, so most companies have nothing here.

Registers and licences

Sponsor licence‡
Licence type and rating
Worker (A rating)
Routes
Global Business Mobility: Senior or Specialist Worker, Skilled Worker

On the Home Office register of licensed sponsors, which lists organisations licensed to sponsor workers from overseas.

International trade‡

Listed by HMRC as an importer of goods in 12 of the last 12 months on record, most recently August 2026. Main goods: rubber, machinery, electrical equipment, iron and steel articles and optical, medical and measuring instruments.

Listed by HMRC as an exporter of goods in 12 of the last 12 months on record, most recently August 2026. Main goods: electrical equipment, machinery, tools and cutlery, iron and steel articles and optical, medical and measuring instruments.

From HMRC's monthly lists of importers and exporters. Traders can ask to be left off the lists, so absence does not mean a company does not trade.

Sources: Charity Commission for England and Wales, Care Quality Commission, Home Office and HM Revenue & Customs, under the Open Government Licence v3.0. Entries marked ‡ come from lists that do not state a company number and were linked by an exact match on the registered name.

History

9 events
  1. Financial year 2024/25 endedAccounts: turnover £184.6m, net assets £105.5m
  2. Financial year 2023/24 endedAccounts: turnover £184.4m, net assets £106m
  3. Otis Elevator Holdings Limited registered as a person with significant control
  4. Otis Investments Limited ceased to be a person with significant control
  5. Otis Investments Limited registered as a person with significant control
  6. United Technologies Finance (U.K.) Limited ceased to be a person with significant control
  7. Otis Uk Holding Limited registered as a person with significant control
  8. United Technologies Finance (U.K.) Limited registered as a person with significant control
Earlier events (1)
  1. Company incorporatedPrivate limited company

Dates as recorded at Companies House: incorporation, name changes, officer appointments and resignations, current and former persons with significant control, and the end of each financial year with figures in the database.