Cranfield Aerospace Solutions Limited

Cranfield Aerospace Solutions Ltd from Cranfield UK: large company, holding company, active status, founded 35 years ago, 83 employees, £5,377,414 assets, yearly revenue: £2,190,732, real address, 5 directors, 2 owners, google rating 4.0 based on 13 reviews. Regular importer of electrical machinery and equipment (34 months imported). Regular exporter of none (5 months exported). Cranfield Aerospace Solutions is charting the flightpath to cleaner skies by delivering zero emissions aircraft and propulsion technology. It’s a sizable operation, meeting two of three conditions to be considered large: turnover exceeding £36 million, balance sheet total over £18 million, and more than 250 employees. The company has a solid foundation, having been around for 35 years and boasting 83 employees, £5.3 million in assets, and £2.2 million in revenue.

The company’s website clearly outlines its mission: to pioneer zero-emission aviation. It's not an e-commerce site; instead, it's a platform showcasing their hydrogen aircraft technology and targeting airlines, lessors, and investors. The focus is on developing hydrogen-powered aircraft, particularly small aircraft using gaseous hydrogen fuel cells. They highlight the importance of starting with smaller aircraft, laying the groundwork for future developments, and emphasize the benefits of hydrogen for regional connectivity and mitigating environmental impact. They’re clearly positioning themselves as leaders in a rapidly evolving sector.

Financially, Cranfield Aerospace Solutions is showing some concerning trends. While assets remain substantial at £5.3 million, current assets have dropped significantly by 29%, while net assets have fallen by 58%. Bank borrowings have increased dramatically, by 520%, reaching £5.5 million, and cash reserves have plummeted 49% to £2.6 million. However, creditors have decreased by 13%, suggesting some improvement in managing short-term liabilities. The company’s average number of employees has increased by 17% to 97, which could be a sign of growth, but also adds to operating costs. The company’s auditor, HW Bedford Limited, hasn’t been mentioned in the financial data, which is not unusual for a company of this size. The company’s directors remuneration has also decreased by 41%.

Overall, Cranfield Aerospace Solutions is a large, ambitious company with a clear vision for the future of aviation. While the recent financial data reveals some challenges—particularly the decrease in cash reserves and increase in debt—the company’s focus on zero-emission technology and its strong position within the industry suggest it has the potential to overcome these hurdles. The increase in employees is a positive sign, but the company will need to carefully manage its finances to ensure sustainable growth.

Registered in England/Wales under the registration number 02415720, with a registered address at MK43 0AN, England, Cranfield, Bedfordshire, Trent House, (Part) 1st Floor University Way, Wharley End.

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