Mel Aviation Components Limited

Mel Aviation Components Ltd, based in Crawley, UK, is a sizable company holding a prominent position in the aviation parts sector. Established twelve years ago, the firm boasts a real address, employs ten people, and manages assets worth £25,910,521, generating an annual revenue of £29,344,962. With two directors and one owner, and a stellar 5.0 Google rating from three reviews, it’s a well-regarded operation. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts, with substantial activity over the past few years.

The company's website paints a picture of a leading supplier of aircraft rotables to airlines, maintenance providers, and brokers. It covers a wide range of aircraft manufacturers and types, offering premium parts and services. AOG (Aircraft on Ground) support is a key focus, with a dedicated team available 24/7. Strategically located near London's major airports, Mel Aviation Components supports over 100 airlines in over 30 countries, specializing in safety equipment, wheels, and brakes. The website highlights its growth and expansion, including increased facility size and expanded escape slide holdings.

Financially, Mel Aviation Components Ltd shows a mixed picture. While turnover increased by a healthy 86%, to £29.3 million, net assets declined significantly, dropping 30% to £9.6 million. Bank borrowings increased substantially, by 18%, reaching £2.7 million, while cash reserves remained steady at £81,000. Creditors also increased by 66%, to £16 million. The company’s size (meeting two of three criteria for a large company) suggests it’s navigating growth challenges. The accounts are unaudited, and the company’s auditor, Raffingers LLP, is not mentioned.

The increase in bank borrowings and the decrease in net assets are notable trends. It's possible that the company is investing heavily in inventory or expanding operations to meet growing demand, but it also suggests a need to manage cash flow effectively. The company’s continued success in the aviation sector, combined with its focus on premium parts and services, suggests a strong foundation for future growth—although careful financial management will be crucial.

Registered in England/Wales under the registration number 08488525, with a registered address at RH10 9QR, England, Crawley, West Sussex, Unit 2 Centron, Crompton Way.

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