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Intellectual property rights to specialist products providing lift safety solutions – UK based
YE18 turnover circa £214k.
The products consist of safety gears, rope brakes and governors, designed to prevent uncontrolled upward or downward movement of elevators.
Products have been continually developed and updated by the shareholder since 1997, with an updated design released in January 2017.
Maintains ongoing distribution agreements with two established suppliers of lift components, who collectively provide royalties in excess of £100k per annum.
Considerable scope for further expansion by marketing the products both nationally and internationally. Discussions are already underway with international distributors.
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