1st Air Limited

1st Air Limited, based in Billericay, UK, is a small, family-run business with an active status. Founded nineteen years ago in 2005, the company employs nine people and holds £325,832 in assets. It operates from a real address and is overseen by three directors and two owners. The company is an irregular importer of electrical machinery and equipment, with its last import activity recorded over two years ago in May 2021.

The company's website reveals it's a ductwork manufacturer specializing in serving the HVCA industry. It provides a manufacture-only service, supplying bespoke rectangular and round ducting from its factory in Essex. The company caters to both large projects and single component orders, offering a range of services including plasma cutting and coil line manufacturing. It delivers nationwide and emphasizes quality work and fast turnaround times.

Financially, 1st Air Limited shows some interesting trends. Current assets increased by 38% to £330,000, while net assets rose by 48% to £65,000. Bank borrowings decreased slightly by 3.7%, and cash reserves increased by a healthy 58% to £190,000. Creditors, however, increased by 33%, and other creditors jumped by a significant 68%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible. The average number of employees, however, decreased by 22% to just seven people, which could indicate restructuring or a shift in operational strategy. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, 1st Air Limited appears to be financially stable, with growing assets and strong cash reserves. However, the increase in creditors and the decrease in employees warrant further monitoring.

Registered in England/Wales under the registration number 05549033, with a registered address at CM12 0EQ, Billericay, Essex, Lakeview House 4, Woodbrook Crescent.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.