Impact Air Systems Limited

Impact Air Systems Ltd, based in Leicester, UK, is a sizable company with a 35-year history, currently employing 25 people. Holding £15.1 million in assets and generating £11.8 million in yearly revenue, it operates as a holding company with an active status. The company, overseen by seven directors and one owner, boasts a stellar 5.0 Google rating based on two reviews. It regularly imports and exports machinery, boilers, and mechanical appliances, with a consistent history of 50 months of imports and 66 months of exports.

The company’s website, while not providing detailed e-commerce functionality, describes Impact Air Systems Ltd as engaged in engineering design activities for industrial processes and production. It appears to be a B2B operation, rather than a direct-to-consumer retailer.

Financially, the picture is mixed. While turnover remained stable, net assets decreased by 16% to £6.6 million. Cash reserves took a significant hit, falling 65% to £620,000. Bank borrowings increased, rising 75% to £7,500. On the positive side, creditors decreased by 12%, suggesting improved debt management. Administrative expenses surged by an astonishing 350%, a trend that warrants closer scrutiny. The company's size (meeting two of three criteria for a large company) means it’s not subject to a full audit, so the figures are unaudited.

The company’s financial statements were prepared by Mark J Rees LLP Chartered Accountants. The sharp decline in cash reserves and the spike in administrative expenses could indicate increased operating costs or challenges in collecting payments. The continued growth in import and export activity suggests the company remains active in its core business, but the financial trends suggest a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 02435792, with a registered address at LE2 6DY, Leicester, 3 Kingsley Street.

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