Propshop Limited

Propshop Limited, based in Duxford, UK, is a small holding company with an active status, celebrating 30 years in business. Founded in 094, the company employs 45 people and holds assets worth £4,091,687. It has a real registered address and is overseen by four directors and one owner. The company regularly imports aircraft, spacecraft, and their parts—a consistent pattern over the last 30 months, with the latest import occurring in December 024—but exports nothing, with just four months of export activity recorded.

The company’s website, Prop Shop, LTD, reveals a specialized business focused on impeller and propeller repair services. Operating out of Seattle, the company caters to the fishing and river boat tourism industries, offering repair and sales of impellers and propellers. The website details a meticulous repair process and highlights partnerships with various manufacturers, including Acme Propellers, CJR Propellers, and MaxProp. It’s clear the company is a specialist in its field, offering both repair and sales services and even shipping internationally.

Financially, Propshop Limited’s recent performance shows some concerning trends. Cash reserves have plummeted by 73%, dropping to £440,000. Bank borrowings have increased significantly, jumping 34% to £1.2 million, and creditors have increased by 36% to £1.2 million. While trade debtors have risen by 40% to £1.4 million, suggesting increased sales, the drop in cash and rise in debt are cause for concern. 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 agility, but the decrease in net assets—a 9.2% drop to £16 million—raises questions about long-term financial health. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Propshop Limited appears to be a niche specialist facing some financial pressures. While its core business in aircraft part repair and sales seems active, the company needs to address the declining cash reserves and rising debt to ensure its long-term sustainability.

Registered in England/Wales under the registration number 02990031, with a registered address at CB22 4QR, Duxford, Cambridge, Building 425 Duxford Airfield, Duxford.

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