Airspeed Aviation Limited

Airspeed Aviation Ltd from Egginton UK is a small, active company founded 43 years ago. Employing 16 people, it holds assets of £599,938 and operates from a real address. With three directors and one owner, it boasts a respectable Google rating of 4.0 based on four reviews. The company is a regular importer of aircraft, spacecraft, and their parts, with eight months of import activity recorded.

The company operates as the operator of the Derby Aero Club and Derby Airfield. Its website details a range of services, including flying training, aircraft maintenance, and avionics upgrades. It's a family-run operation catering to the General Aviation community, offering access to a friendly club atmosphere and unparalleled access to the Midlands and beyond. The Aero Club also offers trial flying lessons and has a showroom in Harrods, London.

Financially, Airspeed Aviation Ltd shows a mixed picture. Current assets increased by 23% to £600,000, while net assets grew by 21% to £510,000. Cash reserves saw a significant jump of 41% to £440,000. However, trade debtors decreased by 54%, which could indicate slower customer payments. Creditors also decreased by 32%, suggesting better 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) helps it stay agile. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Airspeed Aviation Ltd appears to be financially stable, with increasing assets and cash reserves. The decrease in debtors is something to keep an eye on, but the company’s long-standing presence and diverse services suggest a resilient business model.

Registered in England/Wales under the registration number 01618642, with a registered address at DE65 6GU, Egginton, Derby, Derby Airfield, Hilton Road.

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