Planeweighs Limited

Planeweighs Ltd from Swansea UK: a small, active company founded 48 years ago, employs four people, and holds £327,365 in assets. With a real address and four directors, it’s a well-established operation. The company is owned by Jones Nicholas Peter. It regularly imports “None” (though only for four months) and exports machinery, boilers, and mechanical appliances; parts (for three months).

The company operates in the repair and maintenance of aircraft and spacecraft industries. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The company’s website is not available, which is not uncommon for smaller businesses.

Financially, Planeweighs Ltd shows some concerning trends. Current assets have decreased by 24% to £330,000, and net assets have fallen by 27% to £290,000. Cash bank on hand has also declined significantly, dropping 16% to £280,000. Trade debtors have shrunk by a substantial 41%, which could indicate difficulties in collecting payments. However, creditors have also decreased, suggesting improved debt management. The company’s bank borrowings have increased, which could be a sign of financial strain. The lack of an auditor is not surprising, given its small size and exemption status.

The company’s financial performance suggests a period of adjustment. While it maintains a solid base of assets and a real address, the decline in cash reserves and net assets warrants close monitoring. It’s possible that the company is reinvesting in its business or facing increased costs, but further investigation would be needed to determine the underlying causes.

Registered in England/Wales under the registration number 01301791, with a registered address at SA6 8RA, Swansea, West Glamorgan, Unit 14 Oxwich Court, Fendrod Business Park Valley Way.

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