Eastern Airways International Limited

Eastern Airways International Ltd, based in Sutton Coldfield, UK, is a large holding company with an active status, having been established 24 years ago. Despite employing just one person, the company holds significant assets of £6,487,862 and generates £253,765 in yearly revenue. The registered address is a virtual one, shared by 117 other companies, which raises a slight question mark. It’s managed by one director and has one owner.

The company operates as a holding company, and it’s a regular importer of electrical machinery and equipment, having imported for 79 months, with the last import in July 2023. It also exports aircraft, spacecraft, and their parts for 12 months, with the last export in June 2023. It owns several other companies, including Air Kilroe Limited, Eastern Airways (uk) Limited, Eastern Airways (europe) Limited, and Easternhill Estates Ltd.

Looking at the financial data, it’s clear that Eastern Airways International Ltd has experienced some volatility. While revenue remained steady at £250,000, the company’s net assets have decreased significantly. Cash reserves have plummeted by 99%, leaving just £8,400. Bank borrowings have also increased substantially. On a brighter note, trade debtors have increased, suggesting potentially better customer payments. The company’s property, plant, and equipment have also seen a decrease in depreciation.

The company’s small workforce—just one employee—is typical of a holding company, which often relies on external expertise. The lack of an auditor mentioned in the report suggests the company is exempt due to its size, meaning the financial statements are unaudited. Overall, while Eastern Airways International Ltd appears to be a well-established holding company with diverse interests, the sharp decline in cash reserves warrants a closer look. It's possible that the company is reinvesting heavily in its subsidiaries or facing temporary cash flow challenges, but it's a trend to monitor in the coming years.

Registered in England/Wales under the registration number 04082547, with a registered address at B72 1UJ, United Kingdom, Sutton Coldfield, West Midlands, C/O Bissell & Brown Charter House, 56 High Street.

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