Aerospace Reliance Limited

Aerospace Reliance Ltd, based in Edgware, UK, is a large, active company founded seven years ago. Employing ten individuals, it boasts substantial assets of £13,785,645 and generates an impressive £22,370,754 in yearly revenue. While it has a virtual address, it’s registered at a location shared by 239 other companies, raising some questions. The company is managed by two directors and one owner, and currently holds a Google rating of 4.0 based on eight reviews. Aerospace Reliance is a regular importer of plastics and plastic products (388 months) and a regular exporter of tanning and dyeing products (590 months).

The company’s website, aogaerospacereliance.com, highlights its role as a stockist of aerospace consumable parts, offering a wide range of materials and services to customers worldwide. It emphasizes 24/7 availability, a large inventory (over 5,000 parts), and expertise in dangerous goods packing. The site’s content details its product range, including sealants, adhesives, cleaners, and lubricants, catering to the maintenance and repair of aircraft. It also offers services like worldwide logistics and expert advice on DG packing, ensuring compliance with IATA regulations. The website’s design is clean and professional, projecting an image of reliability and competence.

Financially, Aerospace Reliance Ltd shows a mixed picture. While turnover increased by 35% to £22 million, the company’s net assets declined by 31% to £9.2 million. Bank borrowings increased significantly by 240%, reaching £890,000, and cash reserves fell 9.5% to £2.5 million. Creditors also increased by 28%, reaching £4.6 million. Depreciation expense surged by a staggering 1,100%, indicating substantial investment in property, plant, and equipment. The company’s average number of employees grew by 60% to sixteen, suggesting expansion and increased operational activity. Despite these changes, the company’s financial statements are unaudited, which is common for smaller companies.

The increase in depreciation expense, combined with the rise in bank borrowings, suggests the company may be investing heavily in its infrastructure and inventory to support its growing business. The decrease in cash reserves and the increase in creditors, however, indicate potential cash flow challenges. The company’s reliance on a virtual address, while common, could also raise questions about its physical presence and operational stability. It’s clear that Aerospace Reliance is navigating a period of growth and change, and its ability to manage its finances effectively will be crucial for its long-term success.

Registered in England/Wales under the registration number 10788741, with a registered address at HA8 7AB, England, Edgware, 42-46 Station Road.

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