Advanced International Ltd

Advanced International Ltd, based in Belfast, UK, is a small, active company founded nine years ago in 2015. It employs three people and holds £215,426 in assets, operating from a real address and managed by one director and owner. The company regularly imports toys, games, and sports equipment – 14 months of import activity were recorded, with the latest in July 2022 – but exports irregularly, with only two months of activity noted, the last in February 2019.

The company’s website reveals a more complex picture. Advanced International Ltd is actually two businesses: Advanced International and AISI. Advanced International focuses on supplying tools, fixtures, and production components for the automotive, aerospace, and industrial markets, while AISI specializes in aircraft solutions, including seating, interior trim, and machined components. Both companies have manufacturing and service centers across the globe, with a headquarters in Springboro, Ohio, and a presence in Danang, Vietnam. The website highlights a commitment to automation, CNC machining, and a wide range of services, from custom-made tools to thermoformed parts.

Financially, Advanced International Ltd shows some concerning trends. Current assets decreased by 12% to £220,000, while net assets remained steady at £140,000. Bank borrowings increased by 33% to £5,500, and cash reserves grew by 13% to £11,000. Trade debtors dropped significantly, by 86%, suggesting a possible shift in payment terms or a reduction in outstanding invoices. Creditors also decreased, by 28%, which is a positive sign. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in debtors and increase in borrowings could indicate cash flow pressures. As a small company, it’s exempt from an audit, so the figures are unaudited. It's important to note that the company’s activities of other holding companies n.e.c. industry could be a holding company for the two businesses.

Registered in Northern Ireland under the registration number NI634253, with a registered address at BT1 3LG, Northern Ireland, Belfast, C/O Mccreery Turkington & Stockman, 1 Lanyon Quay.

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