Aero Assets Ltd

Aero Assets Ltd is a small, holding company based in Newton Abbot, UK, with an active status. Founded nineteen years ago in 2005, the company employs just four people and operates from a virtual address shared by 122 other businesses – a bit unusual, really. It’s led by one director and one owner, and its financial activities are relatively quiet, with no import or export operations recorded in the last fourteen months.

The company’s website is non-existent, which makes it difficult to understand what they actually *do*. However, the company description states they operate in the “other business support service activities n.e.c.” industries. This is a broad category, and without a website, it’s hard to pinpoint their specific services.

Financially, Aero Assets Ltd presents a mixed picture. While cash reserves have increased dramatically – a whopping 420% jump to £110,000 – other key metrics paint a less rosy picture. Net assets have decreased by 36%, settling at -£78,000, and the average number of employees during the period has fallen sharply by 75%, now sitting at just one person. Bank borrowings have also increased, though not as dramatically, by 11%, reaching £16,000. Creditors have increased by 5.7%, and there’s been a significant 12000% increase in other creditors.

The company’s small size – meeting two of the three criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) – allows it to remain flexible, but the decrease in equity and the drop in employee numbers suggest potential challenges. The lack of an auditor is not surprising, given its small size and exemption status. The accounts are unaudited, relying on director-reported data. It's clear that Aero Assets Ltd is experiencing some turbulence, but whether this is a temporary setback or a more fundamental issue remains to be seen.

Registered in England/Wales under the registration number 05488408, with a registered address at TQ12 4AA, Newton Abbot, Devon, Wessex House, Teign Road.

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