Aviation Turbine Services Limited

Aviation Turbine Services Limited is a small, holding company with an active status, established 38 years ago in 1987. Based in London, the company employs just five people and holds £84,068 in assets. It operates from a virtual address, registered at 925 Finchley Road, where 59 other companies are also registered, which is a little odd. Four directors and one owner (though this list might not be exhaustive) steer the business.

The company's core business revolves around the manufacture of air and spacecraft and related machinery. It’s an irregular importer, bringing in machinery, boilers, and mechanical appliances, parts for just two months, with the last import occurring in 2018. Conversely, it’s a regular exporter of the same goods, with five months of export activity and the last shipment in 2023. The company's website details a global provider of turbine services, specializing in General Electric gas turbines, offering a range of services from spare parts to rotor overhauls and even combustion inspection elimination kits. It also partners with Power Development International to offer refurbished turbines.

Financially, Aviation Turbine Services Limited presents a mixed picture. Current assets have fallen by a significant 47% to £84,000, and net assets have decreased by 31% to -£410,000. Bank borrowings have increased, and cash reserves have dwindled. Creditors have also risen, suggesting a potential strain on working capital. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, so the figures are unaudited.

While the company's website showcases a robust global service offering, the financial data suggests it's burning through cash. The decrease in assets and the negative equity raise concerns about its long-term financial health. Whether the holding company’s support will be enough to sustain the business remains to be seen.

Registered in England/Wales under the registration number 02102628, with a registered address at NW11 7PE, 925 Finchley Road, London.

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