Boultbee Flight Academy Ltd

Boultbee Flight Academy Ltd from Chichester UK: a small, active company founded 14 years ago, employs 12 people, and holds £1,562,807 in assets. It’s a real address, managed by a single director and owner—a solo founder—and boasts a stellar 5.0 Google rating from just three reviews. The company is an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances parts, with the last import recorded just one month ago.

The academy’s website, Spitfires.com, is dedicated to offering unique experiences centered around the iconic Supermarine Spitfire. It provides a range of options, from passenger flights and simulator experiences to pilot training and even Spitfire sales and maintenance. Multiple locations across the UK and Channel Islands are offered, catering to a wide range of customers seeking a taste of aviation history. The website also highlights the company’s expertise in restoring and maintaining these historic aircraft, with a dedicated section on museum-grade restorations and disaster recovery services.

Financially, Boultbee Flight Academy Ltd’s recent report shows some concerning trends. Current assets have fallen considerably, dropping 32% to £1,600,000, while net current assets and liabilities have plummeted 94% to a mere £63,000. Bank borrowings have increased, and cash reserves have decreased. While creditors have also decreased, the overall picture suggests a company facing financial pressure. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is typical for small companies.

The significant decline in net current assets, in particular, is something to keep an eye on. Whether this is a temporary dip due to seasonal fluctuations or a more fundamental challenge remains to be seen—but it highlights the need for careful financial management as Boultbee Flight Academy continues to operate its unique and exciting business.

Registered in England/Wales under the registration number 07623458, with a registered address at PO18 0PH, England, Chichester, Hangar 8 Goodwood Aerodrome.

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