Aerospacedirect Limited

Aerospacedirect Limited, based in Wolverhampton, UK, is a small, active company founded 23 years ago in 2001. With £129,520 in assets and a real registered address, it’s a tight-knit operation managed by two directors and owners, Wood David and Wood Lorraine. The company operates in the other business support service activities n.e.c. industries. It’s a regular exporter of none, with seven months of export activity recorded, but an irregular importer of electrical machinery and equipment, with just one month of import activity as of July 2022.

The company’s website is currently unavailable, making it difficult to ascertain the specifics of its operations beyond its registered business description. It’s unclear if the company has an active e-commerce presence or primarily operates through other channels.

Financially, Aerospacedirect Limited shows a mixed picture. Current assets have decreased by 29%, falling to £130,000, while net assets have also declined by 35%, reaching £45,000. Cash bank on hand has seen a significant drop of 16%, down to £97,000. Trade debtors have plummeted by 60%, suggesting a potential issue with customer payments, while creditors have decreased by 25%. 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 flexibility, but the decline in equity is a cause for concern. With no auditor mentioned, the figures are unaudited.

Overall, Aerospacedirect Limited appears to be navigating a period of financial adjustment. The decrease in assets and equity suggests potential challenges, but the reduction in creditors indicates some degree of improved debt management. The company's future success will likely depend on its ability to stabilize its financial position and adapt to changing market conditions.

Registered in England/Wales under the registration number 04263453, with a registered address at WV1 4TF, West Midlands, 86 Tettenhall Road, Wolverhampton.

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