Heliwork (services) Limited

Heliwork Services Ltd from Andover UK: a small, holding company with an active status, was founded 39 years ago in 1985. It employs 28 people and holds £1,413,665 in assets. The company has three directors and one owner, and operates from a real address at Thruxton Airport. It regularly imports and exports machinery, boilers, and mechanical appliances; parts, with 682 months of import activity and 307 months of export activity recorded.

The company’s core business revolves around helicopter maintenance, repair, and overhaul (MRO) services. Its website highlights over 50 years of experience specializing in servicing and maintaining helicopters and their components. Established in the 1970s, Heliwork has grown to become an authorized service center for both Bell Helicopter and Leonardo Helicopters. It offers blade repair services, parts sales, and hangar services, and even has a showroom in Harrods, London. The company’s website also mentions a 10,000 square foot hangar refurbished to house blade repair services.

Financially, Heliwork Services Ltd presents a mixed picture. Current assets have fallen by 20% to £1,400,000, while net assets have declined by 33% to £450,000. Bank borrowings have decreased by 4.2%, and cash reserves have plummeted 60% to £120,000. Creditors have also decreased by 1.9%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant drop in equity and cash reserves suggests potential financial strain. There’s no auditor mentioned, likely due to the company’s exemption as a small business.

The company's financial data shows a decline in certain areas, which could be attributed to increased operating costs or investments in expansion, like the blade repair service. It's worth noting that the company’s focus on specialized helicopter MRO services, and its association with prestigious brands like Bell and Leonardo, could provide a buffer against broader economic downturns.

Registered in England/Wales under the registration number 01948441, with a registered address at SP11 8PN, Andover, Hampshire, Thruxton Airport, Thruxton Airport.

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