2 Excel Engineering Limited

2 Excel Engineering Ltd, based in London, UK, is a medium-sized holding company with an active status. Founded eleven years ago in 2014, it employs 189 people and holds assets worth £6,115,527. The company generated £22,441,491 in revenue last year. It operates from a real address at 72 Fielding Road, London, and is overseen by two directors and one owner. Google users rate it 4.0 out of 5 based on eleven reviews. The company regularly imports machinery, boilers, and mechanical appliances, parts, with 344 months of import activity recorded, and exports none, with 69 months of export activity.

2 Excel Engineering Ltd specializes in maintenance, repair, and overhaul (MRO) services for Boeing and Airbus narrowbodied aircraft. Based at Lasham Airfield in Hampshire, it serves commercial airline operators, leasing companies, and governments. The company’s website highlights its expertise in deep maintenance, noise management, and a commitment to “MRO for the modern world.” It also showcases recent events like apprentices inspiring the next generation and the addition of new personnel.

Financially, 2 Excel Engineering Ltd presents a mixed picture. While turnover increased by 9.5% to £22,441,491, several key metrics show concerning trends. Net assets declined by 20.8% to £-4,100,000, and cash reserves plummeted 87% to just £29,000. Bank borrowings decreased, but the significant drop in cash and the negative equity position suggest the company is burning through money. Creditors increased by 26%, indicating a reliance on short-term financing. The company’s medium size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and fewer than 250 employees) allows for agility, but the financial strain is evident. The company’s financial statements were audited by AGK Partnership Ltd.

Despite the financial pressures, 2 Excel Engineering Ltd’s focus on a specialized niche—MRO for commercial aircraft—and its location near a major airfield could provide a competitive advantage. The company’s recent hires and focus on apprenticeships also suggest a commitment to long-term growth, though whether this can offset the current financial challenges remains to be seen.

Registered in England/Wales under the registration number 08965471, with a registered address at W4 1DB, London, 72 Fielding Road.

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