Av8jet Limited

Av8jet Ltd from Hull UK: a small holding company with an active status, was founded 21 years ago. The company employs nine people and holds £428,625 in assets. It has a real address, three directors, and two owners, and boasts a perfect 5.0 Google rating based on five reviews. It’s a regular importer of electrical machinery and equipment, with five months of import activity recorded.

The company’s website reveals a more detailed picture of its operations. Av8jet Ltd specializes in business jet aircraft acquisition, sales, corporate jet management, and private jet consultancy. Based at Bournemouth International Airport, it manages a fleet of aircraft, including Bombardier Global, Dassault Falcon, and Citation models. It also offers brokerage services and has a sister company, Av8jet Charter Ltd, which provides charter management and sales from Malta. The website also highlights a software product, Av8sms, designed to help owners and operators comply with aviation regulations.

Financially, Av8jet Ltd’s recent performance shows some concerning trends. While investments remained steady at £1,000,000, cash reserves plummeted 67% to £42,000. Current assets also decreased by 39% to £430,000. Trade debtors fell by 44% to £53,000, which could indicate improved collection efforts, but the increase in bank borrowings by 2,400% to £29,000 suggests the company is relying more on debt financing. Creditors decreased by 18%, which is a positive sign. The company’s small size—meeting two of three criteria for being a small company—allows it to remain flexible, but the decline in equity and cash reserves warrants attention. No auditor is mentioned, which is common for small companies.

Overall, Av8jet Ltd appears to be a specialist aviation services provider facing some financial headwinds. Whether the company can leverage its expertise and software solutions to improve its financial performance remains to be seen.

Registered in England/Wales under the registration number 04786295, with a registered address at HU2 8HU, Hull, East Yorkshire, 17 Wright Street.

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