S2 Aerospace (spe) Ltd

S2 Aerospace (spe) Ltd, based in Bristol, UK, is a small, family-run company with an active status, having been founded 22 years ago. Employing 21 people, the company holds £1,093,340 in assets and operates from a virtual address—a fact that raises some questions. With three directors and two owners, S2 Aerospace is a regular importer and exporter of machinery, boilers, and mechanical appliances; parts, with 26 months of import activity and 42 months of export activity recorded.

The company’s website reveals a focus on ground support equipment, airframe tooling, and engine tooling sales. It also highlights a capability to support modern airliners and offers tooling refurbishment services, alongside its own range of unique tools. Recent news items detail the passing of founder Martin Shortman and seasonal greetings, while earlier announcements showcase the company's involvement in producing ventilator parts during the pandemic. The website also lists a global coverage, which is impressive for a small company.

Financially, S2 Aerospace shows a mixed picture. Cash reserves increased by a substantial 21%, reaching £810,000, which is a positive sign. However, net assets also increased by 47%, reaching £760,000, but trade debtors rose by a significant 36%, to £290,000—suggesting a potential reliance on customer payments. Bank borrowings decreased by 26%, to £9,800, which is also good. Depreciation charges remained constant, and the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible. As a small company, it’s likely exempt from an audit, and the figures are unaudited.

Overall, S2 Aerospace appears to be financially stable, but the increase in trade debtors warrants a closer look. The company’s focus on specialized tooling and its family-run nature suggest a commitment to quality and customer service—factors that could help it navigate the challenges of the aerospace industry.

Registered in England/Wales under the registration number 04632755, with a registered address at BS31 1JU, Bristol, 29 Courtenay Road, Keynsham.

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