Sam Aerospace (ni) Limited

Sam Aerospace Ni Ltd, based in Belfast, UK, is a large, active company founded 33 years ago in 1992. With 105 employees and £13,420,184 in assets, it’s a significant player in the region. The company operates from a virtual address, a fact highlighted by seventeen companies registered at the same address, and is led by two directors, though no owners are officially listed. Google reviews give it a perfect 5.0 rating based on four reviews. The company regularly imports machinery, boilers, and mechanical appliances, parts, with 53 months of import activity, and exports aircraft, spacecraft, and their parts, with 11 months of export activity.

Sam Aerospace Ni Ltd specializes in the manufacture of other fabricated metal products, operating as a division of Singapore Aerospace Manufacturing. Its website highlights a focus on precision machining for the aerospace industry, servicing clients like Collins Aerospace and Bombardier. The company offers a "total solutions partner" approach, providing services from engineering to delivery. It even has a division focused on piano restoration, a surprising contrast to its aerospace work.

Financially, Sam Aerospace Ni Ltd presents a mixed picture. While current assets increased by 34% to £13,000,000, net assets decreased significantly, dropping 140% to -£2,700,000. Bank borrowings increased by 150% to £1,300,000, and cash reserves fell 50% to £400,000. Creditors decreased by 18%, suggesting better debt management. The company meets the criteria for a large company, having turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The company’s accounts were audited by Rödl & Partner Limited.

The increase in bank borrowings and decrease in net assets suggest the company may be burning through cash to fuel growth or cover operating losses. The lack of officially listed owners could be a sign of complex ownership structure or a desire for privacy. Overall, Sam Aerospace Ni Ltd appears to be a well-regarded company with a diverse range of activities, but its financial performance warrants close monitoring.

Registered in Northern Ireland under the registration number NI026244, with a registered address at BT1 4LS, Northern Ireland, Belfast, Victoria House, Gloucester Street.

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