Aertek Limited

Aertek Ltd from Waterlooville UK: a small, active company founded fifteen years ago, employs just two people, and holds assets valued at £669,814. Operating from a virtual address, the business is led by two directors and owned by two individuals, representing a family-run enterprise. It regularly imports machinery, boilers, and mechanical appliances parts, with the last import occurring four months ago. Notably, Aertek Ltd doesn’s export anything.

The company’s website is non-existent, making it difficult to determine its specific operations beyond the information provided in the report. It’s likely that Aertek Ltd operates as a B2B supplier, rather than a consumer-facing retailer. The company’s activities are described as service activities incidental to air transportation industries.

Financially, Aertek Ltd presents a mixed picture. Current assets have increased by a significant 36%, reaching £670,000, while bank borrowings have increased by 2,400% to £29,000. Cash reserves have also increased by 7.5%, reaching £430,000. However, net assets have decreased slightly by 0.52% to £1,100,000. Creditors have decreased by 64%, suggesting improved debt management. 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 increase in bank borrowings warrants attention. As a small company, Aertek Ltd is exempt from an audit, so the financial data relies on unaudited statements.

The increase in bank borrowings could indicate investment in inventory or expansion, but it’s also possible that the company is burning through cash to maintain operations. The decrease in creditors suggests better debt management, which is a positive sign. Overall, Aertek Ltd appears to be a stable, albeit small, business, but the increase in debt warrants monitoring.

Registered in England/Wales under the registration number 07121314, with a registered address at PO7 7AN, Waterlooville, Hampshire, Wellesley House, 204 London Road.

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