Flying Spares Limited

Flying Spares Ltd, based in Leicester, UK, is a small holding company with an active status, celebrating 24 years in business. Employing 48 people and holding assets worth £4,219,851, the company operates from a real address and is overseen by four directors and a single owner. It’s a regular importer and exporter, specializing in vehicles, parts, and accessories (excluding trains and trams), with 220 months of import activity and 637 months of export activity recorded.

The company’s website showcases a wide range of parts and accessories for classic Rolls-Royce and Bentley vehicles. It caters to enthusiasts and restorers alike, offering everything from new genuine parts to reconditioned components and even museum-grade piano restoration services through its associated business, 1066 Pianos. The website emphasizes British craftsmanship and a commitment to quality, with a comprehensive parts finder and technical advice section.

Financially, Flying Spares Ltd presents a mixed picture. Accumulated depreciation on plant and machinery increased by 7.5%, while bank borrowings rose to £7,800. Creditors also increased by 12%, reaching £2.1 million. However, cash reserves remained relatively stable at £1.2 million. The company’s size qualifies it as small, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s net assets increased by 14%, reaching £2.8 million. Debtors also increased by 27%, suggesting a possible increase in sales.

Despite the growth in debtors, the decrease in other creditors by 55% is a positive sign. The company’s financial statements are unaudited, a common practice for small companies. The company’s continued focus on specialist vehicle parts and its employee-owned status suggest a stable, albeit potentially challenging, future.

Registered in England/Wales under the registration number 04170595, with a registered address at LE9 9FS, England, Leicester, Leicestershire, Unit 28 Merrylees Industrial Estate, Leeside.

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