Asl Aerospace Ltd

Asl Aerospace Ltd from Bideford UK: a small holding company with an active status, founded seven years ago, employs five people, and holds £4,362,009 in assets. It has a real address, two directors, and one owner. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts – 175 months of imports and 73 months of exports.

The company operates as a global aviation services provider, serving more than 150 airports worldwide. Its website showcases a diverse fleet of aircraft, including Boeing 800s and Airbuses, and offers services ranging from aircraft leasing to maintenance and cargo solutions. It seems they are heavily involved in the aviation industry, with a focus on both passenger and cargo transport. They also have a dedicated section on sustainability and environmental initiatives, which is a growing trend in the sector. The site doesn's appear to be an e-commerce platform; rather, it’s a marketing and informational hub for potential clients and partners.

Financially, Asl Aerospace Ltd's report reveals some interesting trends. While current assets increased by 160% to £4,400,000, net assets also surged by 150% to £2,800,000. However, bank borrowings jumped by 3700% to £29,000, and cash reserves fell 22% to £300,000. Creditors increased significantly by 190% to £1,600,000. 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 sharp increase in debt raises questions. It’s likely that the company has been investing in its fleet or expanding operations, which could explain the increased borrowing. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s focus on fleet renewal and conversion programmes suggests a long-term strategy, but the financial data indicates a period of rapid growth and potentially, some financial strain. The significant increase in creditors, in particular, warrants closer scrutiny.

Registered in England/Wales under the registration number 10850954, with a registered address at EX39 3BE, England, Bideford, Devon, Unit 24 Caddsdown Industrial Park.

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