Jetworks Limited

Jetworks Ltd from Christchurch UK: a small, holding company with an active status, was founded 25 years ago. Despite being a family business and holding £2,118,533 in assets, the company’s accounts are currently overdue by 23 days. It employs nine people and operates from a virtual address, registered with 69 other companies—a bit unusual. Two directors and six owners (though this list may not be exhaustive) manage the business. Jetworks Ltd is a regular importer and exporter of electrical machinery and equipment, with 205 months of import activity and 122 months of export activity recorded.

The company’s website, while not providing direct e-commerce functionality, details its operations in the repair and maintenance of aircraft and spacecraft. It’s a niche business, clearly focused on high-value, specialized services. The company’s registered address is BH23 1EF, England, Christchurch, 10 Bridge Street.

Financially, Jetworks Ltd presents a mixed picture. While current assets have increased by 14% to £2,100,000, net assets have only risen by a modest 3.5% to £650,000. Bank borrowings have increased significantly by 97%, reaching £1,800,000, while cash reserves have decreased by 80%, falling to £180,000. Trade debtors have also increased dramatically, by 97%, to £1,800,000, which may indicate challenges in collecting payments. Creditors have decreased by 35%, suggesting improved debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 12 employees) helps it maintain agility, but the increase in borrowings and decrease in cash raise questions about its financial stability. The company is exempt from an audit, so the figures are unaudited.

The increase in borrowings may be a sign that Jetworks Ltd is investing in its operations, but the decrease in cash reserves is concerning. It’s possible that the company is experiencing temporary cash flow issues, or that it is burning through money faster than it is bringing it in. The increase in trade debtors suggests that the company is having trouble collecting payments from its customers, which could be a sign of broader economic challenges.

Registered in England/Wales under the registration number 03925509, with a registered address at BH23 1EF, England, Christchurch, 10 Bridge Street.

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