Avia Technique Limited

Avia Technique Ltd, based in Wokingham, UK, is a sizable company with a holding structure and an active status. Established 22 years ago in 2002, it employs 95 people and manages assets totaling £11,505,269, generating a yearly revenue of £27,607,773. The company, with three directors and two owners, boasts a perfect 5.0 Google rating based on 25 reviews. It regularly imports and exports machinery, boilers, and mechanical appliances; parts, with a significant history of 864 months of imports and 448 months of exports.

The company’s website reveals a business primarily focused on aircraft safety and survival equipment maintenance. They offer services ranging from repair and overhaul to component exchange and consigned inventory, catering to a global network of airlines and aircraft owners. They work in partnership with leading OEMs like Elta, Parker Aerospace, and Liebherr Aerospace, acting as an authorised repair centre with trained technicians. The website highlights a focus on rigorous attention to detail and compliance with safety requirements. They even have a joint venture with SK AeroSafety Group.

Financially, Avia Technique Ltd shows a mixed picture. While current assets increased by 23%, net assets surged by a substantial 40%, indicating improved financial health. However, bank borrowings increased by a noteworthy 31%, and cash reserves dipped 3.5%. Creditors decreased slightly, suggesting better debt management. Administrative expenses have increased significantly by 31%, which could be a cause for concern. The company’s size (meeting two of three criteria for a large company) means it’s not subject to a full audit, so the figures are unaudited.

The increase in administrative expenses, while concerning, could be due to expansion or investment in new capabilities. The strong asset growth and improved net assets suggest the core business is performing well, despite the increased borrowing. The company’s long history and established partnerships point towards a stable and reputable operation, but close monitoring of expenses will be important going forward.

Registered in England/Wales under the registration number 04494889, with a registered address at RG41 2QJ, Wokingham, Berkshire, Unit 1 Fishponds Estate, Fishponds Road.

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