Buoyancy Aerospace V1 Ltd

Buoyancy Aerospace V1 Ltd, based in Barnoldswick, UK, is a large, holding company with an active status. Founded 22 years ago in 2002, the company employs 52 people and holds assets totaling £2,147,899. With a yearly revenue of £4,263,671, it’s a significant player in its sector. The company has one director and one owner, and boasts a perfect 5.0 Google rating from six reviews. It’s an irregular importer of aircraft, spacecraft, and their parts, with the last import operation occurring two months ago, and a regular exporter of none, with the last export operation made three months ago.

The company’s website highlights its contributions to major aerospace programs, including the F35 Lightning II, Airbus A350, Tempest Programme, Airbus A400M, and Airbus A320. It emphasizes its commitment to Net Zero Aviation and Space Exploration. Buoyancy Aerospace V1 Ltd describes itself as attracting the most capable talent and leveraging generative AI for the design and manufacturing of critical components. It seems to be primarily focused on business-to-business relationships rather than direct consumer sales.

Financially, Buoyancy Aerospace V1 Ltd’s recent performance presents a mixed picture. While turnover remained stable, net assets have fallen significantly, dropping 61% to £2.2 million. Cash reserves have also plummeted 71% to just £860,000. Bank borrowings increased dramatically, rising by 2,400% to £370,000, which suggests the company may be relying on external funding to meet its obligations. Creditors decreased by 18%, which could be a positive sign of improved debt management. The company meets the criteria for a large company, having turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The accounts are audited by PM+M Solutions for Business LLP.

Overall, Buoyancy Aerospace V1 Ltd appears to be navigating a period of financial strain, despite its strong reputation and involvement in high-profile aerospace projects. The increase in borrowings and decrease in cash reserves warrants close monitoring, but the company’s large size and established presence suggest it has the potential to weather these challenges.

Registered in England/Wales under the registration number 04565472, with a registered address at BB18 6DX, England, Barnoldswick, Lancashire, Jackdaw Road, Jackdaw Road.

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