Fast Aviation Limited

Fast Aviation Ltd, based in Christchurch, UK, is a small, active company founded eleven years ago in 2013. With five employees and £178,980 in assets, it operates from a real address and is managed by one director and owner. The company is an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances – parts, with 2 months of import activity recorded as of June 2023. It also exports electrical machinery and equipment, with just 1 month of export activity as of September 2020.

The company’s website is not available, so it’s difficult to determine the full scope of their operations. However, the company description indicates they operate in the repair and maintenance of aircraft and spacecraft industries. This suggests a specialized, B2B focus rather than direct consumer sales.

Financially, Fast Aviation Ltd’s recent performance presents a mixed picture. Current assets have fallen by a significant 35%, dropping to £180,000. Net assets have also taken a hit, declining 70% to £16,000. Bank borrowings have remained stable, while cash reserves have decreased by 24% to £21,000. Creditors have also decreased by 28%, suggesting improved debt management. The company meets two of the three criteria to be considered a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned likely means the company is exempt from an audit as a small company.

Overall, Fast Aviation Ltd appears to be facing financial headwinds, with declining assets and reserves. However, its specialized industry focus and improved debt management could provide a foundation for future stability. It’s difficult to say whether this is a temporary setback or a longer-term challenge, but the company’s small size and focus on aircraft maintenance may allow it to adapt and persevere.

Registered in England/Wales under the registration number 08673277, with a registered address at BH23 6NE, United Kingdom, Christchurch, Dorset, Aerial Court North East Sector, Bournemouth Airport.

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