Elevaero Ltd

Elevaero Ltd from Coventry, UK, is a small, active company founded 18 years ago in 2006. Employing 14 people and holding assets of £1,007,126, it operates from a virtual address – a fact highlighted by the presence of 56 other companies registered at the same location. The company is managed by three directors, including Bartram Adam Amos, and has one reported owner. It regularly imports miscellaneous metal items (26 months of activity) and occasionally exports basic metal tools and utensils (2 months).

The company’s website reveals a more detailed picture of its operations. Elevaero Ltd specializes in providing engineering and manufacturing services to the aerospace, power generation, and defence industries. It offers CNC machined components, fabrications, tooling, welded assemblies, and composite tooling. Notably, it also acts as a sole UK distributor for Aimtek welding and brazing alloys and Soudax resistance micro welding equipment. The company has expanded significantly in recent years, acquiring Formrite Precision Limited in 2020 and investing in new facilities for composite tooling and component manufacturing. It now trades as one business, Elevaero Ltd, aiming for clarity and consistency.

Financially, Elevaero Ltd presents a mixed picture. While cash reserves have plummeted 83% to just £6,400, fixed assets have increased dramatically by 77%, reaching £1.2 million. Bank borrowings have decreased by 37%, and creditors have fallen by 21%, suggesting improved debt management. However, equity has surged 230%, a significant positive trend. The company’s net assets liabilities have also increased significantly. The company is small, meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

Overall, Elevaero Ltd appears to be navigating a period of change and investment. While cash flow is a concern, the growth in fixed assets and improved debt management suggest a company focused on long-term sustainability. The expansion into composite tooling and component manufacturing indicates a strategic move to diversify its offerings and capitalize on growing demand in the aerospace sector.

Registered in England/Wales under the registration number 06023974, with a registered address at CV1 4PB, Coventry, West Midlands, Cashs Business Centre 1st Floor, 228 Widdrington Road.

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