Avionicare Limited

Avionicare Ltd from Southend-On-Sea UK is a small holding company with an active status, having been founded 35 years ago in 1989. The company employs 22 people and holds assets totaling £2,220,313. It operates from a virtual address, managed by two directors and one owner. Avionicare Ltd regularly imports and exports electrical machinery and equipment, with 294 months of import activity and 84 months of export activity recorded.

The company’s website, Avionicare East Africa Limited, focuses on aircraft avionics maintenance, operating out of Wilson Airport, Nairobi, Kenya. It offers a range of services including flight data monitoring, testing, configuration, and modifications, catering to civil aircraft operations across East and Central Africa. The company is approved by the Kenya Civil Aviation Authority and emphasizes specialized services, innovation, and customer satisfaction.

Financially, Avionicare Ltd shows some concerning trends. Accumulated depreciation has increased by 34%, indicating wear and tear on its assets. Cash bank holdings have fallen by a significant 26% to £860,000, while current assets have decreased by 18% to £2,200,000. Debtor amounts have dropped sharply by 37%, which could be a good thing, or it could mean the company is struggling to get paid. Interestingly, creditors have risen by 27%, suggesting increased borrowing. Equity has also taken a hit, declining by 19% to £2,800,000. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the decline in cash and equity warrants closer attention. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited financial statements. It seems like Avionicare Ltd is navigating some financial headwinds, but its specialized services and East African focus could provide a foundation for future growth.

Registered in England/Wales under the registration number 02434979, with a registered address at SS1 1AB, United Kingdom, Southend-On-Sea, Essex, 1st Floor 19 Clifftown Road.

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